Home Loans

Realize your dreams with us. Affordable home loans for Salaried individuals, Self-Employed and Individual Professionals starting from 8.75%. For further details call us at 1800-425-6070 or visit www.repcohome.com .

Repco Home Finance Limited, Chennai, India. 191 likes · 683 talking about this. Repco Home Finance Ltd is a professionally managed housing finance...

The Ongoing economic and health crisis on account of COVID -19 pandemic has created adverse impact on all hopes and dreams of not only commercial establishments but also among general public. We understand that we are all in same pandemic tornado and the ships in which we are travelling are different. The invisible virus that holds dominion over the world has left no stones unturned prompting all the levels of Government, Industries especially Manufacturing & Real estate, Financial Institutions like Banks, HFCs, NBFCs etc to take urgent steps for protecting the survival of their own establishments as well as to support the livelihoods of their beloved patrons thereby trying their level best on their part to control economic slippage. 

We have an array of Home loans for you. Affordable home loans for Salaried individuals, Self-Employed and Individual Professionals starting from 8.25%. For further details call us at 1800-425-6070 or visit http://repcohome.com
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Repco Home Finance Ltd (RHFL) is a professionally managed housing finance company registered as a housing finance company with the National Housing Bank (NHB).

This video explains the complete Home Loan process for Home loan seekers. For further details call us at 1800-425-6070 or visit repcohome.com

THE Pradhan Mantri Awas Yojana is an ambitious initiative of the Government to provide shelter to the poor and weaker section of our society. “Pradhan Mantri Awas Yojana is a significant step in making the dreams of the poor come true” are the Prime Minister’s words. While the PMAY aims at achieving shelter for everyone by 2022 through various schemes, one of the key components of the scheme is the Credit linked subsidy which offers subsidy on home loans for different sections of the society.

An EMI is an equated monthly instalment. An EMI is an outstanding loan spread across a stipulated tenure. This part becomes the monthly payable by the borrower throughout the stipulated time frame.

In the wake of the pandemic and with WHO openly announcing that there is no silver bullet available, the Corona virus is here to stay. This means a complete transformation of our Lifestyle. The ‘Work from Home’ is here to stay and many companies are giving away real estate in exchange for ‘Work from Home’  and are looking to save huge spend on real estate, maintenance, employee transport & other expenses which follows. They would maintain this till their balance sheets return to the old form even if the pandemic ends.

Buying a home is a dream for everyone. The ache of owning a home, lives with every one of us. The sooner you buy, the pressure on other commitments eases. Go for a home loan when you are young before other commitments squeezes your cash in hand or impact your credit scores. While they do put in a small margin of investment as downpayment and eighty to eighty five percent of the cost of a home or apartment is financed by loan providers.

For many first-time home buyers, this pandemic would have come as a jolt. But for those whose income channels are not cut off, this is the right time to explore and buy a new home.

Joint Home loan is considered to be advantageous in many aspects for the borrower(s). At times, which could have been rejected single handedly would get approved because of the co-applicant. While this is not mandatory it offers multiple advantages.
Increases the loan eligibility amount
With the urban spaces getting crunched, the prices are shooting up. When you apply for a home loan as an individual, the affordability of a home with more space or at a location you desire takes a beating. When there is a co-applicant who has a decent income the chances of a higher loan amount are possible which could suffix not just your current requirement but also your future needs of a bigger space.
Increases credibility
When a co-applicant is added the combined credit scores and the ability to repay the loan increases the credibility of your loan application leading to a hassle-free approval. Also, with two combined salaries the loan eligibility amount also increases.
Reduces the loan tenure
Since the loan eligibility amount increases with a co-borrower, they can plan to either go for a higher loan amount or a lesser loan tenure. This way they can look at quickly repaying the loan in lesser duration and free themselves from the financial commitment which will allow them to think of pursuing other future investment plans.
Tax Benefits
Tax benefits can be claimed under section 80C and 24B by both the co-borrowers. The principal amount paid by the borrower can be claimed upto Rs.1.5 Lakhs in a financial year. And as well an amount upto Rs. 2 lakhs can be claimed on the interest repayment. Remember that the co-borrower should also be the co-owner of the property to avail the tax benefits.
Concessional Interest rates for woman
When the co-borrower is a woman many lending institutions offer loans at a concessional rate. But she also should be a co-owner or owner of the property.
Lower Stamp duty Charges
Registering the property in a woman’s name as an owner or co-owner will help in reducing the stamp duty charges. However, the stamp duty charges are subject to every individual state were the property is registered because the stamp duty charges vary from state to state. Also, the same can be claimed under Section 80C and should be done in the same year when the expenses have occurred.
Also note this in mind that whenever any co-applicant defaults the EMI payment it affects both the applicants. The liability of loan repayment is the complete responsibility of the joint applicants even if one defaults. And it also affects their credit score and the financial history negatively.
If you are looking for a loan to buy a home or for construction loan to build a new home or looking for a Home renovation loan to repair or extend rooms in your ancestral property visit us www.repcohome.com or mail sales@repcohome.com. Repco Home Finance extends loan facilities to properties located in Tier III Cities and nearby rural areas too.

We offer the best Interest rates for you. Affordable home loans for Salaried individuals, Self-Employed Professionals starting from 7.90%. For further details call us at 1800-425-6070 or visit www.repcohome.com

A ready reckoner for all Home Loan seekers. Once you have all these documents ready the whole process time is quick. For further details call us at 1800-425-6070 or visit repcohome.com.