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Instant Provisional Sanction
Digital Application Process
Minimal Documentation

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Get Home Loan Online Up to Rs. 5 Crore*

We offering Home Loan up to Rs. 5 Crore* online with a competitive interest rate @ 8.50%* p.a. (applicable only to customers with Pre-approved Home Loan Offer). Get benefits with a hassle-free online application process, minimal documentation and instant provisional sanction. Get offers flexible tenure options, ensuring convenient repayment. Secure the perfect Loan amount and embark on your homeownership journey with confidence. Trust us for a seamless and customer-friendly Home Loan experience.

Home Loan EMI Calculator

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Interest Rate (p.a)

Loan Tenure

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Home Loan Eligibility

Determining your eligibility for a Home Loan is crucial before initiating the application process. This eligibility table will outline the key factors lenders consider, including income, credit score, employment status, age and property value, helping you assess your likelihood of approval and plan your home purchase journey effectively.

Eligibility Criteria	Salaried and Self-Employed
Income Criteria	Minimum salary for Home Loan: Rs 25,000
Age Criteria	Minimum: 21 years, Maximum: 70 years
Loan Tenure	Up to 30 years
Loan Amount	No cap, depending on your eligibility
Nationality	Indian

Home Loan Interest Rates & Charges

Explore Home Loan Interest Rates and Charges with the table given, outlining the costs and rates involved in securing your home financing.

Home Loan Interest Rate (Pre-approved Customers)
Pre-approved customers stand to benefit from preferential Home Loan rates, which are lower than standard rates. These rates are tailored to reward loyalty and financial stability

Current Home Loan Interest Rate

8.50%* p.a.

Special Home Loan Interest Rates
Special Home Loan interest rates, often lower than standard, are offered for a limited time or to eligible customers, serving as incentives or promotional offers. Below are the special Housing Loan interest rates:

CIBIL	Salaried	Self-Employed
>800	9.00%	9.00%
750-800	9.00%	9.10%

Documents required to apply for a Home Loan

Here are mandatory documents required for home loan such as a proof of identity, a proof of address, a loan application form that has been duly filled and your financial documents. Below is the detailed list of documents required for home loan:

Submit your Aadhaar card, passport or driving licence for KYC
For address proof, your utility bills, or rent agreement with your current address works fine
^*For income proof, we needs your salary slips, income tax returns or Form 16
Submit the title deeds of the property and construction approvals
^**Prove your financial stability by submitting bank statements for the last 6 months
Provide your job offer or appointment letter for a stress-free experience
If applicable, submit your co-applicants’ documents for joint loan applications.

Avail your Home Loan
in just 5 steps

Enter your basic details
Check your eligibility
Pay the processing fee
Upload Documents
Get Provisional Sanction

Features & Benefits of Yoindi Home Loan

Generous Loan
Amount

Yoindi offers up to Rs 5 crore^* Home Loan online, providing ample financing options for diverse housing needs.

Minimal
Documentation

Our streamlined documentation process liberates you from excessive paperwork, accelerates approval and amplifies convenience for applicants.

Instant Provisional
Sanction

With our Instant Provisional Sanction, applicants receive swift pre-approval, enabling confident home purchases with no delays, streamlining the buying process.

Flexible
Tenure

Our Home Loan offers flexible tenure and repayment options, allowing borrowers to choose a schedule that suits their finances and preferences for affordability and convenience.

No Foreclosure
Charges

We offer early loan repayment without foreclosure charges, giving borrowers financial flexibility to clear debts ahead of schedule at no extra cost.

Competitive Fixed
Interest Rates

Enjoy the security of stable fixed interest rates, ensuring predictable monthly repayments and peace of mind.

Maximising Your Home Loan Approval: Dos and Don'ts

Dos	Don'ts
Investigate loan and property details thoroughly.	Avoid applying for a Home Loan on multiple aggregator sites to maintain approval chances.
Plan for unexpected expenses wisely.	Refrain from carrying excessive loans to maintain a favourable creditworthiness.
Keep all necessary paperwork organised.	Avoid overspending on Credit Cards or delaying loan repayments to prevent a negative impact on your credit score.
Improve your credit before applying for a Home Loan.	Don't commit to a Home Loan beyond your means to ensure manageable repayments.

Home Loan FAQs

What is a home loan?

A home loan is essentially a financing option where funds are provided to an individual or an entity for the purchase, construction, extension, or renovation of a residential or commercial property. Lenders provide funds upfront, and borrowers repay through monthly installments, usually over many years. It's crucial for prospective homeowners to understand the terms, interest rates, tenure, and eligibility criteria before applying.

How do I apply for a home loan?

You can apply for a home loan from Yoindi through our website www.yoindi.com. Or, you could visit the office of Yoindi to submit your application for a loan.

What are the parameters for arriving at Housing Loan eligibility?

Home Loan eligibility is determined by factors like age, income, employment stability, credit score, existing financial obligations and nationality. For applicants aged 20-65 (salaried) or 21-70 (self-employed), with a minimum income of Rs 25,000, stable employment or business record, a good credit score of 700+, and Indian nationality are eligible. These parameters ensure a comprehensive assessment aligning with the bank's policies and regulations.

How is the Equated Monthly Instalment (EMI) for a home loan calculated?

The Home Loan EMI is calculated on the basis of specific factors like the amount of the loan, its tenure and the rate of interest.

What is Floating Rate of Interest on a Home Loan?

Floating Rate of Interest on a Home Loan means that the interest rate is not fixed and can change over time. The change takes place according to a benchmark rate/repo rate set by the Reserve Bank of India (RBI) that can impact your overall monthly EMIs.

What is the meaning of a fixed rate of interest on a home loan?

A fixed rate of interest on a Housing loan means that the rate of interest does not change throughout the tenure of the loan. Regardless of market fluctuations, the borrower pays the same interest rate through the same equated monthly installments (EMIs) from the loan's inception to its conclusion. This stability provides predictability in monthly payments, allowing homeowners to plan their finances without being affected by interest rate variations in the market.

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