Any amount of money borrowed from a bank or an NBFC for the purchase, expansion, or construction of a home at a certain fixed or floating rate of interest, payable in EMI or Equated Monthly Instalment over an agreed period, is termed as a Home Loan. The property remains as security with the lender for the term or period of the loan. You may avail a home loan for purposes such as:
Loan Magic is one of the leading companies in India that provides Home Loans to potential home buyers. We at Loan Magic understand that buying a home and building it is a once-in-a-lifetime event, and we promise to make the process as painless as possible.
Owning a home is a dream, and in 2023, easy home loan availability may make it a reality. In fact, buying a home is one of the best investments you can make in your life. And low interest rates, simple EMIs, and quick loan approvals have encouraged more people to buy a home than ever before.
However, purchasing a home needs extensive research and planning, including the selection of the best financial institutions that not only provide the best-interest home loan but also provide customised home loans tailored to your specific needs. Loan Magic is one of the best home loan financial institutions that offer low-interest mortgages. Aside from that, it provides a variety of other advantages such as quick approval, a simple process, flexible long tenure, competitive interest rates, simple EMI with minimal paperwork.
Your home loan eligibility is determined by considering several factors, including your age, employment status, employment type, monthly income, and credit score. You need to fulfill the eligibility criteria mentioned below to avail of Loan Magic housing loan finance:
The following are the accepted documents for a Home Loan application. An applicant needs to produce only one/two from each of the following category -
With Loan Magic, you can apply for a housing loan in various ways:
Visiting our Branch
You can visit your nearest Loan Magic branch to apply for a home loan offline. Our executives there will guide you through the entire process.
Through the phone
Owning a house is a dream for everyone. You can fulfil this dream of yours by getting a housing loan from Loan Magic. With home loan finance of up to Rs. 5 crores, you can buy or construct a house for yourself and your family members. You can also avail of a home loan to purchase a plot or land.
Real estate properties are one of the best investment avenues in India. The appreciating value of a housing property can fetch you good returns in the future. You can avail of a home loan to invest in a housing property and secure your financial future.
Even the best of houses suffers from wear and tear with time. You can avail of a housing loan finance to renovate or reconstruct your house and make it a beautiful place to live in. This may include repainting, carpentry, or masonry works.
You want to upgrade your house to make it more eco-friendly and more liveable. For example, you may want to add more space to your living room or turn your children’s room into a fantasy playground for them. You can apply for a house loan to meet all these expenses.
With the customers’ individual desires and needs in mind, our team at Loan Magic guides you at every step and offers specific financial solutions.
Our personalised approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all.
No collateral? No problem. We don’t want you to give any security to cover the loan.
We let you choose the loan amount, tenure, and EMI period for which you need the loan.
We only ask for minimal documents to process Education Loan applications. You won’t have to run from pillar to post to get your Education Loan with us.
This means we understand your needs and we will tailor our services to your needs. If you look good, we look good.