Maximaloans Home Loan Features and Benefits
Explore the myriad benefits and features of LoanX's Home Loan offerings, tailored to suit your housing needs:
Competitive Rates and Affordable EMIs:
Maximaloans collaborates with leading institutions to offer competitive home loan rates and manageable Equated Monthly Instalments (EMIs), ensuring affordability.
Home Construction Loan:
If you possess a plot of land but lack financial backing for home construction, Maximaloans provides Home Construction Loans tailored to your needs.
Home Extension Loan:
Expand your existing home with ease using Maximaloans's Home Extension Loan, designed to finance extensions, annexes, or additional floors.
Home Improvement Loan:
Upgrade your living space with Maximaloans's Home Improvement Loan, covering renovations, fixtures, and enhancements for a better lifestyle.
NRI Home Loan:
For Non-Resident Indians (NRIs) aspiring to own residential property in India, Maximaloans offers specialized NRI Home Loans, facilitating property ownership with tailored formalities.
Home Loan Eligibility and Documents
Discover the eligibility criteria and required documentation to streamline your Home Loan application process with Maximaloans.
Eligibility Criteria:
Age: 21 to 65 years at loan maturity
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Salaried: 21 to 58 years
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Self-Employed: 25 to 65 years
Income:
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Salaried: Minimum Rs. 10,000 per month
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Self-Employed: Minimum Rs. 2,00,000 per year
Employment:
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Salaried: Minimum 2 to 3 years of experience
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Self-Employed: Minimum 3 years of experience in the current field
Credit Score: Minimum 750
Income Proof Documents
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For Salaried and Self-Employed Individuals: Various financial documents such as Form 16, Salary Slips, Bank Statements, and more.
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For NRIs: Income proof documents, property papers, and additional documentation as required.
Documents Required:
EMI Calculator for Home Loan
Plan your finances effectively with Maximaloans's online Home Loan EMI Calculator, assisting you in determining accurate Equated Monthly Instalments (EMIs) for informed decision-making.
Follow these steps to calculate EMI:
Enter loan amount, interest rate, tenure.
Click Calculate.
View EMI, total interest, repayment.
Adjust tenure if needed.
Consider extra costs.
Check budget compatibility.
Confirm with the lender before finalizing.
Fees and Charges for Home Loan
Stay informed about the fees and charges associated with Maximaloans's Home Loans, ensuring transparency and clarity throughout the loan process.
Home Loan Reviews
Discover what our satisfied customers have to say about their experiences with Maximaloans:
Facing a downturn in my business, I struggled to secure financial support until the team from Maximaloanssuggested applying for a top-up home loan. This lifeline helped sustain my business through tough times. Thank you, Maximaloans, for the invaluable support.
Sachin Mehta
I opted for a Home Loan of Rs. 20,00,000 from SBI through Maximaloans. The attractive rate of 6.90% and minimal processing fees, especially for government employees like me, made the process smooth. Highly recommend Maximaloansfor your home loan needs.
Ananya Sharma
Maximaloansfacilitated my Home Loan offer from HDFC Limited. Their comparison tool guided me to choose the best option. With a moderate interest rate and a comfortable tenure, I purchased my dream apartment hassle-free. Thank you, Maximaloans, for the excellent service.
Rahul Desai
Using Maximaloans's EMI calculator, I estimated my Home Loan EMI and found it very accurate. Applying for a Home Loan with Kotak Bank through Maximaloanswas a breeze, and my loan was approved swiftly, much faster than anticipated. Highly impressed with Maximaloans'sefficiency.
Priya Patel
I opted for a Home Loan of Rs. 20,00,000 from SBI through Maximaloans. The attractive rate of 6.90% and minimal processing fees, especially for government employees like me, made the process smooth. Highly recommend Maximaloansfor your home loan needs.
Ananya Sharma
Facing a downturn in my business, I struggled to secure financial support until the team from Maximaloanssuggested applying for a top-up home loan. This lifeline helped sustain my business through tough times. Thank you, Maximaloans, for the invaluable support.
Sachin Mehta
Using Maximaloans's EMI calculator, I estimated my Home Loan EMI and found it very accurate. Applying for a Home Loan with Kotak Bank through Maximaloanswas a breeze, and my loan was approved swiftly, much faster than anticipated. Highly impressed with Maximaloans's efficiency.
Priya Patel
Loanx facilitated my Home Loan offer from HDFC Limited. Their comparison tool guided me to choose the best option. With a moderate interest rate and a comfortable tenure, I purchased my dream apartment hassle-free. Thank you, Maximaloans, for the excellent service.
Rahul Desai
Maximaloans Home Loan FAQs
A home loan from LoanX is a financial product designed to facilitate the purchase of a home. It typically spans a repayment period of 15 to 30 years and is secured by the property being purchased. In the event of non-repayment, the lender reserves the right to take possession of the property.
To qualify for a home loan with Maximaloans, you generally need a good credit score (usually above 620), a stable income, and a favorable debt-to-income ratio. Additionally, your employment history is considered. Meeting these criteria makes you eligible for a home loan with Maximaloans.
Yes, Maximaloans allows prepayment of home loans through full prepayment or part prepayment. Full prepayment involves paying off the remaining principal amount in one go, while part prepayment entails making partial payments to reduce the principal amount.
While Maximaloans doesn't offer 100% home loans, we provide financing up to 90-95% of the property's agreement value, subject to eligibility criteria based on income and credit history.
Maximaloans doesn't impose a maximum limit on home loan amounts. The loan quantum is determined based on the property's agreement value and the borrower's income eligibility and creditworthiness. Generally, Maximaloans provides financing up to 90-95% of the property's agreement value.
Salaried professionals applying for a home loan with Maximaloans need to furnish proof of identity, address, and income, along with employment proof, professional certificates, income tax returns, property documents, and bank statements.
Yes, Maximaloans allows joint applications for home loans with friends or family members. Eligible joint applicants include spouses, parents, siblings, or other close relatives. Some lenders may also permit unrelated individuals to apply jointly, provided they meet Maximaloans's eligibility criteria.
Joint borrowers for a home loan with Maximaloans can include family members, spouses, or any two individuals willing to share responsibility for loan repayment. All co-owners of the property must also be co-borrowers on the loan. Having a joint borrower can enhance loan eligibility, considering the combined income and creditworthiness. It's crucial for joint borrowers to understand their shared responsibility for loan repayment, as any defaults can impact both borrowers' credit scores.