Home Loan

 Online Home loan sanction facility
  • Quick sanction and low EMI

  • Simple documentation

  • Maximum Tenure of 30 years or attainment of 60 years whichever is earlier
  • Amongst the lowest rate of interest
  • No Pre-Payment penalty
  • Available for construction/purchase of a house or flat from a private developer or housing boards and  repairs/renovation to the existing properties
  • Takeover or balance transfer of existing Home Loans possible

What is Home Loan?   


We know that buying a home is one of the biggest investments you will make. We at Prabhu Associates understand the need for everyone to have a place called Home. You 

can take a Home Loan for the following purposes,

Buy a plot of land or property and construct a house on it
Buy an already constructed house or flat or apartment
Renovate your home or home repairs
Add new built-up area to an existing house (Extension)
What are the benefits of a Home Loan?
Some of the benefits of the Home Loan are:
Flexible repayment solutions
Tax Benefits
Lower home loan interest rate
Door to Door Services


How can I use Home Loan?
Home Loan can be used for the below reasons 
Buy a new Home/Flat/Apartment
Buy a Plot or build a house on it
Remodeling existing House/Flat/Apartment
What is the maximum time allowed to repay Home Loan?
Maximum 30 years to repay the home loan
What is the maximum amount available for a Home Loan?
You can apply for Home Loan from  5 lakhs to 5 crores. The maximum amount is subject to 80% of the market value of your property
Will my processing fee be refunded?
No. The processing fee is non-fundable as we incur expenses when we process your Home Loan application. Processing involves scrutiny of your application, verification of your documents, assessing your application, calculating your home loan eligibility, and so on.
What are my home loan repayment options?
Post Dated  Cheques (PDCs)

Electronic Clearance Service (ECS)

Equated Monthly Instalments (EMI)) are periodically debited from your account with your consent.

If I have not taken the full amount for an under construction property, what are the available EMI payment options?
As per the under-construction contract, you will be required to take the disbursal in tranches (i.e. as and when the builder demands funds on completion of specified slabs of the building). Simple Interest on your tranche payments, for up to two years, is chargeable on a monthly basis till the property reaches a specified stage as agreed upon between the parties. On completion of this stage, the regular EMI option is activated.
What is the maximum period allowed for repayment of the Home loan?
 A maximum of 30 years is provided to repay a loan. 
This is subject to the borrower’s retirement age or 65 years in the case of a sel-employed applicant.