A home loan is a type of loan that is used to purchase a home. It is typically paid back over a period of 15 to 30 years. Home loans can be secured or unsecured. A secured home loan is backed by the property that is being purchased. An unsecured home loan is not backed by any collateral.
SIIA Advisory is a leading provider of home loans. We offer a variety of home loan products to meet the needs of all borrowers. We also have a team of experienced loan officers who can help you choose the right home loan for your needs and budget.
Conventional Home Loans: Conventional home loans are not insured by the government. They typically require a down payment of at least 20%.
FHA Loans: FHA loans are insured by the Federal Housing Administration. They allow for down payments as low as 3.5%
VA Loans: VA loans are available to veterans and active duty service members. They do not require a down payment.
USDA Loans: USDA loans are available to borrowers who are purchasing a home in a rural area. They do not require a down payment.
To apply for a home loan from SIIA Advisory, you can either visit our website or call one of our loan officers. We will need to collect some basic information from you, such as your income, employment history, and credit history. Once we have this information, we will be able to provide you with a pre-approval for a home loan.
- Competitive interest rates
- Flexible terms
- Low down payment options
- No prepayment penalties
- Fast and easy approval process
To be eligible for a home loan from SIIA Advisory, you must meet the following criteria:
- You must be an Indian citizen or a resident of India.
- People falling between 21 – 70 years can apply for the loan
- Type of employment Acceptable:
- Salaried
- Minimum Salary required – 20 thousand
- Work Experience – 1 Year
- Self-Employed ITR – 3 lakhs+ Turnover 20 Lakhs Work Experience – 3 years
- You must have a good credit history.
To apply for a home loan from SIIA Advisory, you will need to submit the following documents:
- For Salaried: -
- Applicant & Co-applicant KYC
- Last 3 months – Salary Slip
- Bank statement – Latest 1 Year
- Form 16 – 2 years
- PF Statement (Optional) – 1 year
- Property Documents
- For Self Employed (Proprietorship): -
- Applicant & Co-applicant KYC
- Company KYC
- Property Paper
- Company Financials– Latest 2 years
- Partners / Directors Financials– Latest 2 years
- GST – 3B – 1 Year
- Bank Statement, all business account – Latest 1 year
At SIIA Advisory, we have a team of experienced loan officers who are dedicated to helping you get the best possible home loan. We will work with you every step of the way, from the initial application process to the closing of your loan.
The loan sanction amount will depend on your eligibility and the market value of the property you are purchasing. Our range is as follow:
- Maximum Amount – 100 Crore
- Minimum Amount – 25 Lakhs
- Rate of Interest (ROI) – 8.50% 15%
- Equated Monthly Installment (EMI) – 1st to 15th
- Pre-payment not allowed
- Foreclosure • Minimum - 3% • Maximum - 5%
- Processing Fee • Minimum - 0.25% • Maximum 2%
- Co-applicant - Should be in Blood Relation
- Rate of Interest (ROI) – Varies as per the client’s background information of payment history, requirements, and floating rates. Equated Monthly Installment (EMI) – 1st to 15th - Varies as per the Lender.
All loans are subject to terms and conditions. Please contact us for more information.
