Stryde Mortgage Experts Private Ltd

Loan Your Dreams

Home Loan


Your Home is a place where you relax after coming back from your day's tiring work, it is that place where you can give time to your family & spend beautiful moments with them. To acquire a home which can be christened your "Own House" is a life-time decision & has to be taken with a lot of planning & requires huge finances.

Your Dream Home is not very far away with a Home Loans which will fulfill your Dream into a reality. We at Stryde are working constantly to get you the BEST Loans Deal & have brought a small guide which would answer some important questions related to Home Loans & help you decide your loans deal.

Types of Home Loan

There are different types of home loans available in the market to cater borrower's different needs.

  • Home Purchase Loan: This is the basic type of a loan which has the purpose of purchasing a new house.
  • Home Improvement Loan: This type of loan is for the renovation or repair of the home which is already bought.
  • Home Extension Loan: This type of loan serves the purpose when the borrower wants to extend or expand an existing home, like adding an extra room etc.
  • Home Conversion Loan: It is that loan wherein the borrower has already taken a housing loan to finance his current home, but now wants to move to another home. The Conversion Housing Loan helps the borrower to transfer the existing loan to the new home which requires extra funds, so the new loan pays the previous loan & fulfills the money required for new home.
  • Bridge Loan: This type of loan helps finance the new home of the borrower when he wants to sell the existing house, this is normally a short term loan to the borrower & helps during the interim period when he wants to sell the old house & want to buy a new one, It is given till the time a buyer is found for the old house.
  • Home Construction Loan: This type of loan taken when the borrower wants to construct a new house.
  • Land Purchase Loan: It is that loan which is taken to purchase a land for construction & investment purposes.

Following are eligible to apply for a Home Loan :

  • Salaried individuals
  • Self employed professionals/businessmen

You can include your spouse/parents/children as co-applicant if you require higher eligibility subject to maximum of three applicants.

Checklist
Individual

  • Pan card / Passport copy / Aadhar Card (Applicant & Co-Applicant - Self Attested)
  • Residence Proof (Self Attested)
  • BVR (Bank Verification Request) form duly signed for each account.
  • Last 2 year ITR(1st & last page self attested)
  • Last 6 months bank statement of Savings Account (1st & last page - Self attested)
  • Sanction Letter of all loans (if any) & Loan details (Sanction letter, EMI amount - Self attested)
  • Passport size photograph (Applicant & Co-Applicant)
  • Duly Sign Application form
  • Processing fees cheque favouring the Bank proposed.
  • Business

  • Pan card / Passport copy (Applicant & Co-Applicant - Self Attested)
  • Office and Residence Proof (Self Attested)
  • BVR (Bank Verification Request) form duly signed for each account.
  • Last 2 year ITR with all supporting docs as Audit Report, Balance sheet, P n L, Comp of Income, 3CB 3CD, Annexure etc (1st & last page self attested)
  • Last 6 months bank statement of saving and current account (1st & last page - Self attested)
  • Sanction Letter of all loans & Loan details (sanction letter, EMI amount. - Self attested)
  • MOA (1st & last page - Self attested)
  • C.A. certified share holding Pattern & List of directors.
  • Passport size photograph (Applicant & Co-Applicant)
  • Duly Sign Application form
  • Processing fees cheque favouring the Bank proposed.