Home Loans
Own your dream home with our affordable, transparent, and simple home loans.
Home Loans
Securing a home loan from Finscope allows you to purchase a primary or investment residence with confidence. In this arrangement, the property’s title is transferred to the lender with the understanding that it will revert back to you upon full repayment and adherence to the mortgage terms.
Home loans come with either a fixed or variable interest rate. Monthly payments are applied towards the interest charges and principal loan amount. As the principal decreases over time, the interest is calculated on a lower amount, allowing future payments to contribute more towards the principal reduction.
HOME LOANS – INTEREST RATES (Effective from 01.05.2016)
| Borrowers’ category | Home Loan interest rate, irrespective of loan limit | EMI per Lac for 30 year Tenure |
|---|---|---|
| Women | 20 bps above the MCLR i.e. 9.35% p.a | Rs. 830 |
| Others | 25 bps above the MCLR i.e. 9.40% p.a. | Rs. 834 |
Features
- Significant savings with variable and semi-fixed rate housing loans, and a one-time processing fee. No hidden charges.
- Customizable solutions for your needs. Loans available for ready/under construction houses, home extension, and renovation.
- Flexible tenures for both salaried and self-employed customers.
- Refinancing options available. Transfer your existing loan to a lower interest Finscope Home Loan and save money.
We offer a wide range of home loan types to cater to diverse needs:
- Land Purchase Loans: To buy a plot of land for building a house, for residential or investment purposes.
- Home Purchase Loans: For financing the purchase of a new property or an old house from its previous owners.
- Home Construction Loans: For individuals looking to construct a custom-built house rather than purchasing a pre-built one.
- Home Expansion/Extension Loans: For expanding or altering the existing structure of a house.
- Home Improvement Loans: For individuals who already own a house but require funds for renovation or repairs.
- Home Conversion Loans: For borrowers who wish to buy a new house by transferring their existing home loan.
- NRI Home Loans: Exclusively for non-resident Indians looking to buy residential property in India.
- Balance Transfer Loans: To transfer a home loan from one bank to another, usually for lower interest rates or better services.
- Stamp Duty Loans: To cover the stamp duty charges on property purchases.
- Bridged Loans: Short-term loans for individuals who are planning to buy a new house but are yet to find a buyer for their old house.
Choose Finscope for a reliable, efficient and tailored home loan solution.