FAQs

Answers to Your Common Queries

If you're into finance and real estate, learning more about our loans and mortgages could be useful.

What is a home loan?

A home loan, also known as a mortgage, is a loan provided by a financial institution to help individuals purchase a home. It allows you to borrow money to buy a property and repay it over time with interest.

Eligibility criteria typically include having a stable source of income, a good credit history, and meeting the lender’s specific requirements. Additionally, the property you intend to purchase may also be assessed for eligibility.

The maximum loan amount varies depending on factors such as your income, creditworthiness, the value of the property, and the lending institution’s policies. It’s best to consult with your lender to determine the maximum amount you qualify for.

Repayment terms typically range from several years to several decades, with monthly installments comprising both principal and interest. The exact terms depend on the loan amount, interest rate, and other factors negotiated with the lender.

Defaulting on your home loan payments can have serious consequences, including foreclosure, damage to your credit score, and legal action by the lender. It’s crucial to communicate with your lender if you encounter financial difficulties to explore possible solutions.

How to navigate our mortgage rates

Begin your home ownership journey by completing our straightforward mortgage application process, guided by our expert team.

Explore diverse loan options tailored to your needs, including personal loans, auto loans, and home mortgages

Estimate monthly payments and total interest using our convenient online tool, making financial planning for loans effortless.