Home Loan- Overview
Find Your Perfect Home Loan with Mystic Money Mart
Home Loan- Mysticmoneymart understands that buying a home is a significant milestone. It's more than just a transaction; it's about building a future. That's why we take the stress out of home financing by acting as your trusted partner in finding the perfect home loan.
We Don't Just Offer Loans, We Offer Solutions:
Wide Network of Lenders: We have established relationships with leading banks and Housing Finance Companies (HFCs) in India. This extensive network allows us to compare different loan options and secure the most competitive interest rates and terms for your specific situations
Expert Guidance: Our experienced loan specialists will guide you through every step of the process. They'll answer your questions, explain different loan products, and tailor a solution that fits your budget and financial goals.
Streamlined Process: We handle the paperwork and liaise with lenders on your behalf, saving you valuable time and effort.
Benefits of Choosing Mystic Money Mart:
Save Time & Money: Let us handle the legwork of comparing lenders and negotiating rates.
Transparency & Efficiency: We provide clear communication and ensure a smooth application process.
Variety of Options: Choose from a wide range of home loan products suited for your specific needs (purchase, construction, NRI home loans).
Expert Support: Our dedicated team is here to guide you every step of the way.
A Home loan is used to buy an under construction or completed houe or for the construction of property on a land. The house for which the loan is taken is kept as mortgage with the Bank as collateral.
Interest Rate Range: 8.50%*% to 13%*(Annual rate of interest)
Minimum and maximum period for repayment Period): 5-30 Years
Processing Fee : 0.25%-1% of the loan amount
Documentation Fee : Rs 1200-2000
Representative Example:
For a loan amount of 30 lakh @ 10% interest rate, Total payment in 20 years will be Rs 69,48,156 out of which interest paid will be Rs 39,48,156
Assuming Processing fee as 10000 + GST 1800, and legal valuation, technical and documentation charges as 10000 + GST 1800. Total charges will be 23600.
Loan taken 3000000 + 23600 =3023600 , The APR calculated will be 10.12%
List of Documents:
1) ID Proof - Pan Card , Aadhar Card, Passport Copy
2) Minimum age - 21 years
3) Valid Bank Account
4) Last 3 months Income Proof
5) Valid Address Proof
6) Last 2 Years Form 16 / Last 2 Years ITR copy
7) Co-applications Docuemnts same as Applicant's - If applicable
