Apna Loan Bazaar Rating by Users


4.5 / 5 out of 1920 users


"Peaceful Loan disbursement and excellent Loan services."
- Punnam, Hydrabad
"Simple documentation, timely guidance helped me to get the desired loan amount, good support from Apna loan Bazaar."
- Pavan, Chennai
"Simple, convenient and fast services."
- Langrakar, Mumbai
"No time to roam out for home loans, team Apna Loan bazaar services are timely and accurate moves made me delight on my loan part, keep up the good work and maintain the relationship, I would suggest Apna Loan Bazaar for all your loan requirement."
- Akash Jadav, Amhedabad
"Never Imagined short time of processing of home loan through Apan Loan Bazaar."
- Bupesh Kumar Saxena, Bangalore
"Fast service, exact eligibility information, great effort of Apna Loan Bazaar made me proud House owner, i would like to thank Apna Loan Bazaar Team for a timely service."
-  Khirud Sonawal, Chennai
"Excellent loan services after loan disbursement, monthly EMI reminders and up to date loan outstanding is a really impressive thought and easy accessible of team upon requirement, wishing you all the best for future growth of Apna Loan Bazaar."
- Swapnil, TCS, Mumbai
"Timely loan service and upon follow-ups on free time and convenient approach of the team made ease of my loan disbursement."
- Amarender Reddy, Hyderabad
"I will recommend Apna Loan Bazaar for all loan requirements for its expert services on the field."
- Nidhi Gupta, Delhi
"Availed best interest rate from the bank on my personal loan application with the help of Apna Loan Bazaar, I can recommend this website for loan services."
- YHS Srinivas, Vizag
      Why Apna Loan Bazaar?
  * Multuple loan offers from different bank
    with a Single click

  * Assured  hassle  free  loan process  with
    Apna Loan Bazaar

  * Industry Best Real time eligibility

  * Dedicated Relationship  officer for each
    loan application for smooth process

  * Complete free Loan Assistance/
    guidance throughout loan tenor

  * Lowest possible rate of interest for each
    loan application with Apna Loan Bazaar

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Home Loan Vs Mortgage Loan
Home Loans   Mortgage Loan
Home loan can be availed for own/purchase of new property (Home or Flat). Mortgage loans will be provided based on already owned property.
Under Home Loan, loan can be availed only for purchase of new property. There is no restriction on mortgage loan usage. It can be used for any purpose.
Housing Loan will be provided for max of 25 years, some banks can extend it to 30 years also. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Home Loans interest will be as low as 9.95% to max of 11.5%, these interest rates will be subject to change as per market condition. Interest rate will be very from 12% to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
Home Loan customers can be eligible for Income tax deduction of Rs 1.00 lakh on housing loan interest under section 80EE. This would be in addition to the existing tax benefit of Rs 1.5 lakh under section 24, only if the value of the property purchased should not exceed Rs 40 lakh. Also, it could result in maximum savings of Rs 30,000-31,000. If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. However, if an individual is using it for personal end use, like marriage or medical expenses, the interest is not tax deductible as per income tax guidelines.
Loan can be availed up to max of Rs. 1.0 Cr under home loan, for real estate project funding it can be up to Rs. 20.0 based on the bank risk appetite.  Mortgage Loans can be avail up to Rs. 15.0 cr based on the type of property and its usage and value of property and eligibility of applicants as per bank’s norms.
There is no prepayment penalty for the housing loan customers, when the loan will be cleared by the own funds. There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines.
Part pre Payments will be allowed in Housing Loans. There were no part prepayment will be allowed for Mortgage loans.
Housing Loan can be availed with joint eligibility by Husband and wife or blood relatives. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
You can avail max of 80% of the property value as a home loan as per your eligibility criteria. In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property.
You can avail a top loan facility on your home loan. Top up facility will be vary from bank to bank internal guidelines.
Who are Eligible for Home Loans?


Following individuals are eligible for Home loan:
    1. Salaried employees
    2. Self employed professionals
    3. Self-employed individuals
    4. Entrepreneurs and business owners


Persons should citizen of India and must be above 23 years of age to avail Home loan. The maximum Age limit should be 55 years, and applicant should be fulfill Bank/Financial Institute eligibility criteria.


Home Loan Documentation:


Identity Proof : (Anyone of the below)
    1. Passport
    2. Driving License
    3. PAN card
    4. Photo credit card (with embossed Signature and last two months statement)
    5. Banker’s sign verification

Age Proof : (Anyone of the below)
    1. PAN Card
    2. Passport
    3. Driving License
    4. School leaving certificate
    5. Voter’s card
    6. Birth Certificate
    7. LIC policy (only for age Proof)

Address Proof : (Anyone of the below)
    1. Passport
    2. Telephone bill (BSNL/MTNL)
    3. Electricity bill
    4. Title deed of property
    5. Rental agreement
    6. Driving license
    7. Election ID card
    8. Photo-credit card (with last two month statements)

Income Proof : (Anyone of the below)
    1. Latest salary slip
    2. Current dated salary Certificate with latest form 16.
    3. Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof : (Anyone of the below)
    1. Form 16
    2. Relieving letter
    3. Appointment Letter (for last two months)
    4. Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History : (Anyone of the below)
    1. Bank statements of latest 2 months
    2. 3 months bank passbook