Youmake society and the society makes a country. Your development is essential for the development of India. Your development is incomplete without owning your own home. We, IIFL Home Loans understand this and want to make your housing dream a reality. With our attractiveNew Home Loan Scheme NHLS,we ensure, you don have to worry about your low income and limited income documents. On top of that, you can avail the interest subsidy up to Rs 2, 20,000* on your home loans under CLSS scheme of Pradhan Mantri Awas Yojna PMAY.
Ab Income Pe Nahi, Hunar Pe Milega Home Loan
IIFL Home Loans brings forth anattractive New Home Loan Scheme NHLS.Under this scheme, people with low income/unstructured income can also apply for home loan, subject to terms and conditions* Also, there is freedom from strict income documentation.
On top of that, you can avail the interest subsidy up to Rs 2,20,000/- on your home loan under CLSS-PMAY* For further details referhttp://goo.gl/n0BCdn
Frequently Asked Questions:-
1. What are the benefits of this scheme
2. Who are all eligible under this scheme
Resident Indians are eligible through New Home Loan Scheme NHLS. This scheme plays an instrumental role in reaching the unreached Indian masses in an unprecedented way.
We believe in our government vision of abka Saath, Sabka Vikaas
3. Can I apply for home loans with Zero credit history
Yes, even with zero credit history, you can apply for the home loans under this scheme.
4. What is the maximum loan amount that I can avail
The loan amount can be maximum up to Rs 20 lacs.
5. What is the maximum tenure for which I can avail the home loan
You can avail home loan for maximum up to 20 years under this scheme.
6. My annual household income is Rs 6 lacs. Am I eligible for this scheme
Yes, you can leverage the benefits of this scheme. You can avail home loans up to Rs 20 lacs with no upper household income limit subject to eligibility assessment.
However, if you want to avail interest subsidy under CLSS scheme of Pradhan Mantri Awas Yojana, your annual household income should be within Rs 6 lacs.
7. Do I need to apply with a co-applicant
Yes, co-applicant is a must. At least one female member participation is must in the home loan structure and property ownership.
For more information on CLSS scheme-Pradhan Mantri Awas Yojanacontact us or read http://goo.gl/h7ol4i
8. Who are all covered under the definition of the household
A household consists of husband, wife and unmarried children.
*DisclaimerLoan eligibility would be commensurate with the customer income as assessed by the housing finance company as per its credit norms.