EMI Calculator

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%
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  • Monthly
  • Yearly
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Total Interest
Principal Loan Amount
198341
198341
(Principal + Interest) 198341
198341
₹ 10 K ₹ 1 Cr
1 30
%
0.5 % 15%
₹ 0 ₹ 1 Cr
12,71,132
10,000/monthly

Why Choose Finzapp for
Your Home Loan Needs?

At Finzapp, we simplify the process of securing a home loan by offering competitive house loan interest rates tailored to your needs. Looking for the cheapest interest rate home loan? We'll guide you every step of the way to ensure you get the most value for your investment. Our easy tools help you calculate house loan amounts, making budgeting straightforward and stress-free. With access to the lowest housing loan interest rate, you can save more on your dream home.

Eligibility concerns? Don't worry! We'll assist you in understanding home loan eligibility and ensure you meet all criteria seamlessly. For added convenience, we also specialize in evaluating housing loan eligibility to match you with the perfect lender.

Trust Finzapp to connect you to loans with less interest rate for home loan options, helping you achieve your homeownership dreams affordably and effortlessly!

Why Choose Finzapp for
Your Loan Against Property Needs?

At Finzapp, we make securing a loan against property simple and hassle-free. Whether you need funds for business expansion, education, or emergencies, we offer low interest rate loan against property solutions tailored to your needs.

Looking for the best loan against property interest rates? We provide competitive rates to help you maximize your property’s value while ensuring affordable EMIs. Our quick processing ensures a fast loan against property approval, so you can access funds without delays.

Worried about eligibility? Our experts guide you through the loan against property eligibility process, ensuring you meet the criteria effortlessly. Plus, we offer flexible repayment options, making it easier to manage your finances.

Trust Finzapp to connect you with the lowest interest rate loan against property, helping you unlock the true potential of your real estate while keeping costs low. Apply for a loan against property today and secure your financial future!

Who can Apply for Home Loans?


Salaried Professional

If you're a salaried employee in both the private or public sector, you're eligible to apply for home loans with low house loan interest rates. Home loan eligibility is determined by factors such as income stability and repayment capacity. With the right qualifications, you can secure the cheapest interest rate home loan available.

Self Employed Professionals

Professionals like architects, doctors, chartered accountants, tax consultants, engineering specialists, attorneys, and other self-employed professionals can also avail housing loans. With the right documentation and a low-interest home loan, you can enjoy cheapest interest rate home loans that fit your financial situation.

Self Employed - Own Business

Owners of businesses such as distributors, traders, wholesalers, manufacturers, service providers, and retailers are eligible for loan against property in Chennai. They can avail the best home loan in Chennai at competitive home loan interest rates.

FAQs

Interest rates for home loan starts from 8.35%. However your rate will depend on your Credit Score, Loan Amount, Tenor etc. and varies from lender to lender

Interest rates for Loan against Property starts from 9% and is dependent on many other factors like your Credit score, Loan Amount, Type of property, Tenor, End use of the loan, etc.

After submitting the form, a 4-digit OTP will be sent to your mobile number. Enter the OTP on the verification page to complete the process.

The initial financial approval will be done within one week of submitting all required papers. The final sanction is done after legal verification of property documents and a technical examination of the property. Thus the final sanction shall take around 3 to 4 weeks and varies from lender to lender.

  • KYC documents
  • Financial Documents
  • Property Documents

Each lending bank or NBFC has its own own policies based primarily on your credit score , your monthly income , your current fixed financial obligations and other factors

FOIR is abbreviation for Fixed Obligation To Income Ratio. Most lenders look at not only your income but also you current fixed financial obligations. This means the lender will also look at how many EMIs you are servicing now and the total amount you are currently paying as EMIs for existing loans. Each lender has FOIR ranging from 50% to 70%.

While each lending institutions has its own norms a score of 700+ is preferred by most lenders. There are some lenders who lend even if the score is a bit lower.

Each lender has its own norms basis which they do try to assess your repayment capacity & intention and will approve the loan on exception basis. They also look at reasons for your low credit scores and if there is a justifiable reason then exception approvals are done. Sometimes the lender may reduce the loan amount or tenor of the loan a bit to cover their risk when such exception approvals are done.

The company is tied up with multiple lenders and matches your requirement and profile with the apt lender. Finzapp aims to get you the best deal on loan amount, interest rate & tenor of loan. The finzapp team is well experienced in assessing and arriving at the apt lender to your benefit. Your time and energy hunting around for the loan is saved as Finzapp offers doorstep service to meet your requirements.

Powered by decades of Expertise & Experience in Finance

About Finzapp

Promoted by seasoned retail finance experts having worked at top management levels in leading private sector banks & NBFCs , the company aims at delivering loans to all deserving borrowers. As an authorised corporate associate of many Banks & NBFCs for reaching the loan products to prospective borrowers and to screen base level eligibility of the prospective borrower to enable them to avail the apt loan from the lending institution, your loan requirement is in safe and caring hands.