Home Loan
Asha Purti's Home Loan offerings are tailor-made for purchasing a home or constructing one. We also offer to transfer your home loan balance. Asha Purti home loans extend from Rs. 2.5 lakhs up to Rs. 10.5 crores and start at an affordable interest rate of just 6.90%*. You can choose the home loan amount, tenure, and the EMI period at your convenience. And what’s more, is that our home loan processing involves minimum documentation and is easy and seamless.
Owning a home is everyone’s dream and we at Asha Purti turn this dream into a reality. We are committed to standing by your side during the entire home loan process so that you make an informed choice in getting the right property.
We are a credible lending institution with a dedicated workforce that believes in making things simple and transparent for you. Our hassle-free documentation process makes your home buying process very smooth and provides you a home loan based on your requirement.
KNOW MORE ABOUT OUR OFFERINGS
FEATURES & BENEFITS
Loan Amount
₹2,50,000 - ₹10,50,00,000
LOAN TENURE
72 months to
360 months
INTEREST RATES - FEB 2021
Personal Loan Interest Rate starting at 8.5%*
Processing FeeBetween .75% - 1.5% of the loan amount
ADVANTAGES
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Wide Range of Home Loans
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Attractive Home Loan Interest Rates
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Highest Home Loan Eligibility
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Easy Repayment
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Flexible loan repayment tenure from 72 months to 360 months
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Simple application process
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Quick disbursement
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Home is a good investment for your future
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Upgrade to make it Eco friendly
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For balance transfer
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tailor-made for purchasing a home or constructing one
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Loans for Resident Indian and NRI Salaried and Self Employed customers.
Attractive fixed and floating interest rates.
OVERVIEW |ELIGIBILITY & DOCUMENTATION |RATES & CHARGES |CALCULATORS |PAYMENTS| FAQ
Eligibility for a Home Loan
To be eligible for a home loan, you must be a resident citizen of India and of at least 21 years of age. Further, you must be gainfully employed with a minimum monthly income of ₹20,000 (₹25,000 for residents of Mumbai and Delhi).
If you are self-employed, the annual profit after tax would be considered instead. You should also have the required documentation. Please note that loan sanction is subject to verification of all information provided as well as documents
Profession
A salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy
Eligible Age
21 years to 45 years
Minimum Income for Loan Eligibility
For salaried: 25,000 per month in Mumbai/ Delhi, 20,000 per month in rest of India
For self-employed: a minimum yearly profit after tax determined based on profession/industry
Work Experience Required
Minimum 1 year
Experience in Current Company
Minimum 6 months
Minimum CIBIL Score
625*
Maximum EMI as a percent of Income
75.00%
Documents for a Home Loan (Salaried )
These are the documents you will need to submit:
The documents required to establish your credentials like Voter ID, Aadhaar Card.
Proof of identity and proof of residence.
Income documents, documents relevant to your salary, profession.
Photo Identity proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
Income Proof
A copy of your Bank statements for the last six months
Salary Slips
A Copy of your Salary slips for the last three months / Appointment letter / Yearly increment letter / Certified true copy of Form 16
Address proof
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
Existing Loan Details
Existing loan details should be provided through bank statements
Age Proof
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
Processing Fee Cheque
To be issued from the salary account for Salaried customer or the business account in case of Self
Documents for a Home Loan (Self Employed)
For self-employed individuals or entrepreneurs, home loan eligibility criteria are such that they must have at least three years of experience in their current field.
Photo Identity proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
Income Proof
A copy of the last three years' Profit & Loss (P/L) Projection Statement / Operative current account statement for the last six months / Bank statements for the last six months of CC/OD facilities, if taken.
Business Proof
A copy of the last two years' Income Tax Returns / your Business profile on letter head / Registration certificate for business commencement
Address proof
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
Existing Loan Details
Your existing loan details should be provided through bank statements
Age Proof
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
Processing Fee Cheque
To be issued from your business account
Documents for a Home Loan (NRI's )
For Non-Resident Indians, the following is the home loan eligibility criteria –
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Must be within the age group – 24 to 65 years
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Must be a salaried individual with at least three years of work experience
Photo Identity proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
Income Proof
Overseas salary account details for Indian NRE/ NRO account statements for the last six months
Salary Slips
A copy of your payslips for the last six months along with employment stability documents such as appointment letter/previous employment history
Address proof
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
Existing Loan Details
Existing loan details should be provided through bank statements
Age Proof
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
Processing Fee Cheque
To be issued from the salary account for Salaried customer or the business account in case of Self
Credit Report
NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per AshaPurti norms.
Home Loan interest rates
At Asha Purti, we bring you the best home loan rates based on your individual and financial profile as well as your requirement. Apart from interest charges, we also charge processing fees and foreclosure charges which are applicable in case of prepayment or foreclosure of the loan. Provided below is a brief snapshot of the current home loan interest rates and the factors that influence its finalization.
Processing Fee
Penal Interest/Additional Interest
2% on Overdue amount per month + GST
Bounce Charges
Mandate Rejection Service Charge
₹ 300 + GST
Charges will be applicable on your EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account
CCOD Annual Maintenance Charges
0.25% on Dropline Amount + GST or ₹ 750, whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month.
Outstation Collection Charges
₹ 100 + GST per repayment tenure
Statement of Accounts
Soft Copy – Nil.
Branch Walk-in – ₹ 250 + GST
Loan Cancellation Charges
2% of the loan amount or ₹ 4500, whichever is higher + GST
Instrument Swap Charges
₹ 400 + GST
Duplicate Repayment Schedule
Soft Copy – Nil
Branch Walk-In – ₹ 350 + GST
Duplicate NOC
₹ 400 + GST
Post-Dated Cheque Charges
₹ 450 + GST
Part Payment Charges
Part Prepayment is allowed twice per year and the minimum gap between two-part prepayments to be three months.
A maximum of 25% of the principal outstanding is allowed by way of part prepayment during a single year.
A part prepayment charges of 1% + applicable taxes shall be applicable on the amount over and above 25% of principal outstanding
No part payment is allowed during the 6 month Lock-in period
Foreclosure Charges
No foreclosure allowed for the first 6 months (Lock-in period).
If foreclosed within 6 months post completing part pre-payment:
3% of the principal outstanding at the time of foreclosure + GST + Part pre-payment amount
Foreclosure Charges for Top-Up
2.50% on the principal outstanding at the time of foreclosure + GST
Foreclosure charges shall be levied only if the new rate is lower than the existing rate.
Any prepayment /foreclosure made during the Lock-in Period will attract prepayment/foreclosure charges of 4.5% + applicable taxes on the principal outstanding
Foreclosure Charges in CCOD Cases
4.5% on the Dropped down limit amount + GST
Any prepayment /foreclosure made during the Lock-in Period will attract an additional 2% over and above the prepayment/foreclosure charges mentioned in (a) above + applicable taxes on the Dropped down limit
Foreclosure Charges on Term Loan Facility
4.5% on the principal outstanding at the time of foreclosure + GST
In case the Borrower forecloses the Facility within 6 months after doing part prepayment, foreclosure charges of 4.5% + Applicable taxes will be levied on the principal outstanding plus part prepayment amount.
Any prepayment/foreclosure made during the Lock-in period will attract an additional 2% over and above the prepayment/foreclosure charges mentioned in (a) above + applicable taxes on the principal outstanding at the time of foreclosure
Foreclosure Letter Charges
Soft Copy – Nil
Branch Walk-In – ₹ 200 + GST
Upto 3.00% of the loan amount + GST
₹ 400 for every cheque/Payment Instrument Dishonour + GST
Disclaimer
The fees/charges indicated above are subject to revision at Asha Purti's discretion from time to time.
CALCULATORS AND OTHER INFORMATION
CHECK YOUR HOME LOAN ELIGIBILITY
CALCULATE YOUR HOME LOAN EMI
CREATE YOUR HOME LOAN PLAN
Disclaimer :
The EMI calculator is an indicative tool and the results may vary based on actual interest rates and the period between disbursal date and the first EMI date. Calculation results are approximate and for information purposes only.
