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Home loan for DLF Express Greens
Compare offers from multiple banks for your home in Manesar Sector M1, Gurgaon, get instant approval and doorstep documentation help, at no cost to you.
Why apply with Zricks
Why apply for a home loan in DLF Express Greens
Attractive interest rates
Get the best quotes & compare offers to identify the right bank to deal with.
Instant approval
Get a pre-approved home loan in place before you select your property.
Documentation assistance
Doorstep assistance for consultancy & document collection by the majority of banks.
Totally free service
Free customer care support for our customers, 24x7.
Secure & transparent process
Skilled professionals guide you through the process with doorstep service.
Greater loan eligibility
A flexi home loan can give you eligibility for a larger loan.
Best offers from multiple banks
With a presence in 30+ cities across India, our bulk dealings get the best loan offers from banks.
Flexible tenor
Repay your loan over flexible tenors ranging from 12 months to 60 months.
No hidden charges
We help you avoid hidden charges like legal fees, valuation fees, documentation charges and more.
Partners
One platform. Multiple banks
Eligibility
What decides your home loan eligibility
Your current income
The nature and continuity of your employment
Your current obligations, i.e. other EMIs you are paying, and the number of credit cards and credit limits you have or use
Your past credit history
EMI calculator
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Year-by-year payment schedule
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Home loan FAQs
Can I get a home loan for the entire property value?
No. Banks usually keep a 20% margin when providing individuals with a home loan. This means that the lender may agree to provide you with 80% of the property value as a home loan, while you will have to shell out the rest 20% by yourself. In some cases, the lender can agree to provide you with up to 90% of the property value as a home loan.
What are the important points to remember while choosing a home loan?
Home loan is a long term obligation to fulfil. Keep these points in mind: factors affecting eligibility criteria; negotiate the interest rate; check hidden costs while comparing lenders, like processing fees, foreclosure charges, prepayment costs and valuation costs; compare different lenders to get the best home loan at affordable rates; the longer the tenure, the costlier the home loan; choose a floating rate of interest over a fixed interest rate; read all the terms and conditions carefully, like foreclosure terms; and check your credit score, since a low credit score could lead to loan rejection or a higher rate of interest.
What are the reasons for home loan rejection?
Factors that can play a crucial role in home loan rejection: a bad or low credit score, incorrect personal details in the credit report, rejection of the loan by other banks, unstable income, age, the location of the property, and lack of repayment capability.
How to avoid home loan rejection?
Credit score: maintain a credit score of 750 and above for a good chance of approval; lenders check it to judge your credibility and repayment history. Insufficient income: lenders look at your monthly income to see if you can repay your EMIs; it is advisable to keep your EMI at no more than 40% of your monthly income and to meet the lender's minimum income and employment requirements. Too many applications in a short span: applying to many lenders signals that you are short of credit and can lead to rejection. Existing loans: if you already have several loans to repay, it is better to apply once you have paid off a few of them to reduce your EMI burden.
Are there any tax benefits of a home loan?
Yes. Both the loan principal amount and the interest paid towards loan repayments provide tax benefits under Section 80C and Section 24 of the IT Act respectively.
What is the checklist before applying for a home loan?
Bank statements for 3 months, salary slips for 3 months, address proof (Aadhaar card / passport) and identity proof (Aadhaar card / passport / PAN card).
What are the different types of home loan interest rates?
Fixed home loan rates: the rate of interest is fixed throughout the term of repayment of the loan. Floating home loan rates: the rate of interest changes with changes in the bank's base rate.
If the rate of interest offered to me increases, can I move to a lower interest rate? Is there a charge for the switch?
Yes. Banks usually offer the facility of switching from a higher rate of interest to a lower rate of interest. They may however charge you a one-time fee to do the same.