Hi dear readers, hope you are doing well, today we will know about How to get GIC Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
Any person to fulfill his dream of home Home Loan can take You can apply for GIC Housing Finance Home loan both online and offline . Friends as you know Home loan comes under the category of secured loan.
In this article , we will know in detail what is GIC Housing Finance home loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this home loan, so you can complete this article . Read till the end
How to Get GIC Home loan
Anyone can take a home loan to build a house , buy a house or renovate a house . Yours to apply for home loan CIBIL Score must be good People with high income and very good credit score can take advantage of Instant Home loan up to higher loan amount and at attractive interest rates .
Looking at the income of the applicant, the home loan amount is given to the customer by the lender . GIC Housing Finance Offers a variety of home loan schemes . With GIC Housing Finance , you can get a government scheme of the Government of India Prime Minister’s Housing Scheme You can take advantage of loan subsidy on home loan under
The interest rate of GIC home loan starts from 7.90% per annum . You can take loan amount up to 90% of the property value . The loan tenure of GIC Home Loan is maximum 30 years . You are also given tax benefits on home loan by this institution . The processing fee of the loan is Rs.3000 + GST .
Key Features of GIC Home Loan
- Loan Name: GIC Home Loan
- Lender Name: GIC Housing Finance
- Interest Rate: Starting from 7.90% pa
- Loan tenure: Up to 30 years
- Processing Fee: Rs 3000 + GST
- Loan Amount: Up to 90% of the property value
- Official Website: https://gichfindia.com/
Interest Rate of GIC Home Loan
GIC Housing Finance home loan interest rate starts from 7.90% p.a. The interest rate of this home loan depends on the applicant’s credit history , profile , loan amount , tenure and property type .
Just as Personal Loan before we take Personal Loan Interest Rate Similarly, before taking a home loan, we need to know about Home Loan Interest Rate It is necessary to have information about If your credit history is very good and your income is very high, then you can take advantage of home loan up to higher loan amount and at attractive interest rates of the bank .
Insurance Benefits :
- free property insurance
- free accident death insurance
- Life insurance (optional instead of lump sum premium) arranged through Kotak Life Insurance , Birla Sun Life Insurance and Future Generali .
Loan Repayment Mode:
your Home EMI through the following modes:
- Electronic Clearing Service (ECS) / National Automated Clearing House (NACH) – based on standing instructions given to your bank .
- Post Dated Check (PDC) – drawn on your Salary/Savings Account. ( Only for those places where ECS/NACH facility is not available) .
Types of GIC Home Loan
GIC Housing Finance offers a wide variety of home loan customers which are as follows:
- ( Individual Housing Loan)
- Composite Loans
- Affordable Home Loans
- Home Improvement(Repair/Renovation) Loan
- Home Extension Loan
Apna Ghar Yojana (Individual Housing Loan):-
- new property or old property You can take this loan to buy a house or to build a house .
- maximum loan tenure is up to 30 years .
- You can get loan amount up to 90% of the property value .
Composite Loans:-
- You can take this home loan to buy land and then build a house on it .
- Efficient legal and technical support |
- This loan can be taken for a maximum loan tenure of 30 years .
- You can get the loan amount up to 60% of the registered value of the property .
- The interest rate of this home loan is linked to the CIBIL score . The better your CIBIL score is, the more attractive interest rates you can avail of this home loan .
Home Extension Loan:-
- You can take this home loan to expand your home .
Home Improvement( Repair/Renovation) Loan:-
- can take this GIC Home loan to do repair/renovation of your home .
- Both existing and new customers can take advantage of this home loan .
- You can take this home loan for a maximum loan tenure of 30 years .
- Under this home loan, you can get a loan amount ranging from Rs 5 lakh to Rs 15 lakh .
Affordable Home Loans:-
- You can take this home loan for buying a house , building on a plot , buying in a cooperative society, repairing /expansion of the house .
- All types of salaried , professional and business persons can apply for this home loan .
- Loan tenure – up to 30 years .
- People of rural area can get maximum loan amount of Rs 20 lakh .
- People of urban area can get maximum loan amount up to Rs 28 lakh .
GIC Home Loan Eligibility
You can apply for home loan only if you follow its eligibility . You can visit the official website of GIC Housing Finance House loan eligibility calculator You can calculate your eligibility with the help of With the help of eligibility calculator , you can get information that for how many years and for how much loan amount you can get home loan . GIC Housing Finance offers various types of home loans and its eligibility also depends on the type of loan . For more details you can contact GIC housing finance customer care number by calling or visiting your nearest branch .
GIC housing finance home loan documents required
applying for a home loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately . To apply for GIC Housing Finance home loan, you must have the following documents:
KYC Documents :
- ID & Address Proof (Any one): PAN Card / Valid Passport / Voter I Card / Driving License / Aadhar Card
- Residence proof (any one): Electricity , telephone , postpaid mobile , water bill etc. / Ration magazine / letter from employer / copy of bank statement / pass book showing address / valid rent agreement / sale deed
Income Documents :
For salaried person-
- Salary slip or salary certificate of last 12 months
- last 1 year (salary account)
- Form 16 / Marks If variable components like overtime and incentives are reflected , pay slips for the last six months are required .
For Self Employed Professional-
- Certificate of competency for professionals: CA , Doctor or Architect
- Copy of Income Tax Return of last three years along with computation of income
- Copy of all schedules and audited balance sheet of the P/L account for the last three years , wherever applicable
- VAT or Service Tax or GST Return or TDS Certificate
- last 12 months (Savings Account , Current Account and O/D Account)
For business class-
- Copy of Income Tax Return of your last three years along with computation of income
- Copy of P/L account for the last three years along with all schedules and audited balance sheet , wherever applicable .
- GST or TDS certificate
- Bank statement for the last one year (Savings Account , Current Account or O/D Account)
- business registration certificate
Property Documents:
- allotment letter from builder
- sale agreement
- Registration and Stamp Duty Receipt
- Index- ii
- NOC from builder
- Own Contribution Receipt ( OCR)
- All builder linked documents (applicable for cases not approved or previously funded by GICHFL )
- development agreement
- partnership deed
- sale deed
- title search report
- estimate for construction
How to apply for GIC Home Loan ?
If you fulfill all the conditions of this home loan then you can apply online and offline for it . The information about the process of applying is given below:
GIC Home loan Online Apply
- First of all you have to visit the official website of GIC Housing Finance gichfindia.com But have to come
- On the home page of the website, you will see all types of home loans .
- Click on the home loan you wish to apply for .
- After clicking, all the information related to that home loan will come in front of you on the next page .
- To apply, you have to click on the option of Apply now .
- A form will open in front of you .
- Enter the requested information in the form and submit the form .
- After this the bank employees will contact you and the loan process will be issued further .
How to apply offline ?
- First of all you have to go to your nearest branch .
- You will have to contact the branch employee by going to the branch .
- The branch staff will provide you all the information related to the home loan .
- After that you have to fill a form .
- Attach the document with the form and submit it there .
- If your loan is approved then the loan amount will be transferred to your bank account .
GIC Housing Finance Home loan EMI calculator
Before applying for a home loan, by calculating the EMI (Equated Monthly Installment) of the loan, you can know how much you will have to pay at the time of loan repayment . The EMI of the loan depends on the loan amount , interest rate and loan tenure . You can visit the official website of GIC Home Loan Home loan EMI calculator With the help of this you can calculate the EMI of your loan .
GIC Housing Finance Customer Care Number
- National Insurance Building
- 6th floor, 14, Jamshedji Tata Road,
- Churchgate, Mumbai – 400020.
- State : Maharashtra
- Tel : (022) 22851765/66/67/22853866/ +91 9222392223(SMS only)
- Fax : (022) 22884985
- Email : [email protected]
The Last World:
In this article we have you How to Get GIC Home loan Provided complete information about Anyone can apply for GIC Housing Finance home loan and fulfill their dream of home .
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