House/Flat Purchase Loan - Yoindi

HOUSE / FLAT PURCHASE
LOANS

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HOUSE / FLAT PURCHASE

We offers affordable and tailored loans to all our clients and personalise them to suit our clients’ requirements better. We offer loans for purchase of flats and construction of plots across the country, through our pan-India branch network. We also offer loans for construction, renovation and home extensions. We also accept houses/commercial property as collateral for secured loans to self-employed individuals for business and personal needs.

We offers hassle-free loans with a clear focus on your needs. We encourage individuals, especially those in the lower income and economically backward segments, with our loans for the purchase of house/flat.

  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers
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  • Employment type: Salaried / Self Employed
  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Click Here
  • Applicant & Co-applicant: Maximum of 6 applicants in total co-applicants
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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%
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Purpose Documents
Identity Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
Age Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
Address Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
6. Latest Electricity Bill
7. Latest Utility Bill (Telephone (MTNL/BSNL/ Non Private Service Provider), Water Bill, Property Tax Receipt)
Income Proof Salaried
1. Salary Slips/6 month's Bank Statements / Form-16
2. Salary Certificate (Cash Salaried Cases)
Self-Employed
1. IT Returns and/or Financial Statements of last 3 years / 1 year Bank statement
and/or
2. Informal Income Documents
Other Documents 1. Application form with photograph duly signed
2. Processing fee cheque
3. Proof of business existence
4. Last 1 year Bank statements
Property-related documents 1. Title Deeds of the Plot
2. Proof of no encumbrances on the property
Application Form Completely Filled application form from all Applicant & Co-applicants
Apply Now ➞
  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers
Apply Now ➞
  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers
Apply Now ➞

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%
Apply Now ➞
Purpose Documents
Identity Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
Age Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
Address Proof

(Any One)		 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN Card
5. Valid Driving Licence
6. Latest Electricity Bill
7. Latest Utility Bill (Telephone (MTNL/BSNL/ Non Private Service Provider), Water Bill, Property Tax Receipt)
Income Proof Salaried
1. Salary Slips/6 month's Bank Statements / Form-16
2. Salary Certificate (Cash Salaried Cases)
Self-Employed
1. IT Returns and/or Financial Statements of last 3 years / 1 year Bank statement
and/or
2. Informal Income Documents
Other Documents 1. Application form with photograph duly signed
2. Processing fee cheque
3. Proof of business existence
4. Last 1 year Bank statements
Property-related documents 1. Title Deeds of the Plot
2. Proof of no encumbrances on the property
Application Form Completely Filled application form from all Applicant & Co-applicants
Apply Now ➞

Home Loan FAQs

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.

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.

Home Loan eligibility is determined by factors like age, income, employment stability, credit score, existing financial obligations and nationality. For ICICI Bank, 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.

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.

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.

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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