Home Loan in Hisar

Eligibility Criteria for a Home Loan in Hisar

For Salaried Individuals

• Must be a resident Indian (including NRIs)
• Should be between 23 and 67 years** of age
• Must have a minimum work experience of 3 years

For Self-Employed Individuals

• Must be an Indian resident
• Should be aged between 23 and 70 years**
• Should have a business vintage of 3 years

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Documents Required for a Home Loan in Hisar

You need to submit the following documents*** when applying for a Home Loan in Hisar:

• KYC Documents: These include identity and address proofs such as an Aadhaar Card, Voter’s ID, or recent utility bills. Submission of a PAN Card or Form 60 is mandatory for loan processing.
• Proof of Income: Applicants must provide documents that verify their income — for instance, recent salary slips for salaried individuals, and profit and loss statements for self-employed applicants.
• Business Proof: Self-employed applicants are required to submit documentation establishing the existence of their business, demonstrating a minimum operational vintage of three years.
• Account Statements: Bank statements for the primary operating account for the past six months must be furnished.

***This list is indicative.

Dos and Don’ts When Applying for a Home Loan in Hisar

Dos

• Maintain updated financial records and bank statements.
• Check your credit score before applying and address discrepancies.
• Choose a property with legally compliant documentation.
• Declare all existing liabilities honestly during the application.

Don’ts

• Don’t apply with multiple lenders simultaneously, as it may affect your credit score negatively.
• Don’t overlook hidden or additional charges when applying for a Home Loan.