Get your Home Loan at attractive interest rate

What is a Home Loan

Apply Home Loan Online at Low Interest Rate

Housing Loan is a first step in realizing your dream home. Home loans can be availed by all types of customers including salaried, self-employed, professional and non-resident Indians. Home loans are available for purchase of under construction or ready to move homes. Housing loans can also be availed for construction of own house or purchase of a residential plot.

Why you should choose us

We are associated with various banks and financial institutions and offer wide variety of home loans which will fulfil your needs at one of the lowest interest rates available. You can get the best home loan deals from us with low processing fee and hassle-free process.

Our Process

Eligibility Criteria

Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Major Home Loan eligibility criteria is as below:

Housing Loan Eligibility Criteria
  • The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years.
  • Age Limit for Salaried Individuals: 21 to 70 years
  • Age Limit for Self-Employed Individuals: 21 to 65 years.
  • Minimum Salary: ₹10,000 per month
  • Minimum business income: ₹2 lac per annum
  • Maximum Loan Term: 30 years.
  • A longer home loan tenure also enhances the eligibility
  • You can also enhance home loan eligibility by adding an earning family member as co-applicant
  • A good repayment track record with a clean past and present credit history is considered positive.

Documents Required

  • Photograph
  • PAN Card Copy
  • Address Proof
  • Last 3 Months Salary Slip
  • Last 3 Years form 16 / Last 3 years Income Tax Returns with computation of Income
  • 6 Month Bank statement from all accounts
  • Appointment letter from current employer and reliving letter from the previous employer, if the Job was changed in last 2 Years
  • In Case of loan takeover– Updated loan account statement/loan track record.
  • Photograph
  • PAN Card Copy
  • Address Proof
  • Education qualification certificate and a proof of business existence
  • Business profile on letterhead
  • Income Tax Returns with computation of Income for previous 3 years
  • CA Certified / Audited Balance Sheet and Profit & Loss Account for past 3 years.
  • Bank statement from all accounts for previous 6 months
  • In Case of loan takeover– Updated loan account statement
  • Photograph of Proprietor
  • PAN Card Copy
  • Address Proof
  • Company Registration Proof
  • Last Year VAT / Service Tax return
  • Business profile on letterhead
  • Income Tax Returns with computation of Income for previous 3 years.
  • CA Certified / Audited Balance Sheet and Profit & Loss Account previous 3 years
  • Bank statement from all accounts for previous 6 months
  • In Case of loan takeover– Updated loan account statement / loan track record
  • Copy of complete chain of original documents
  • Approved sanctioned plan / map of the property

Benefits of Home Loan

Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Major Home Loan eligibility criteria is as below:

  • Home loan makes it easy to buy your dream home as home loan can be repaid in easy monthly instalments.
  • Home Loan is among the lowest interest rate financial product which makes monthly instalments lower.
  • There are no prepayment charges on floating rate home loans. Whenever you have surplus money then you can utilize it for making part payment towards your home loan and lower your burden. There are no prepayment charge even if you transfer your home loan to another financial institution.
  • Ease of paying because of long tenure for repayment. Maximum tenure of upto 30 years is available, subject to bank policy and sanction criteria.
  • Benefit of tax saving on repayment of principal part of home loan for the year, under section 80 C of Income Tax Act. Maximum amount allowed for tax deduction is of ₹1.5 lacs under Section 80 C.
  • Expense on stamp duty and registration charges are also covered under section 80 C, within the limit of ₹1.5 lacs.
  • Benefit of tax saving on interest payment on home loan for the year, under section 24 of Income Tax Act. Maximum amount allowed for tax deduction is of ₹2 lacs under Section 24.
  • For first time buyer, additional tax saving on interest payment on home loan for the year, under section 80 EE of Income Tax Act. Maximum amount allowed for tax deduction is of ₹50,000/- under Section 80 EE.
  • In case of second house, you are eligible to claim deduction for the entire amount of housing loan interest paid under Section 24B of Income Tax Act.
  • Tax benefits on home loan for joint owners

MyLendingStation is the best housing loan provider company in Dwarka, Janakpuri, Tilak Nagar, Vikaspuri, Delhi Cantt, Palam, Najafgarh, West Delhi, and Gurgaon. We offer you to apply for home loan online at the lowest interest rate from India's leading banks and financial institutions. If you are planning to buy, construct or renovate your home, then feel free to contact us, we will provide a comprehensive home loan solution that can make your dream of owning a home come true!

Apply for best housing loan schemes

About Us

We founded LendingStation with the idea to assist borrowers with the best products available with Lenders as per their requirements. We are a technology driven company setup up by a professional team of financial experts.  Our single objective is to keep our customers happy by providing best of our services. We are associated with leading banks and financial institutions in the country.

Contact us and get your best loan offer today.