HOME LOAN
Your Dream Home: Seamless Home Loans with Jessica Fincorp
Owning Your Dream Home with Hassle-Free Mortgage Loans
Owning a home is a cherished dream for many, symbolizing stability and success. However, navigating the complexities of financing can make the journey to homeownership feel overwhelming. At Jessica Fincorp, we believe that your dream of owning a home shouldn’t be hindered by financial hurdles. That’s why we specialize in providing mortgage loans that are simple, transparent, and tailored to your needs.
Making Homeownership Simple
Purchasing a home is one of the most significant milestones in life. Whether you’re a first-time buyer or seeking to upgrade to your forever home, Jessica Fincorp is your trusted partner. Our mortgage loan solutions offer the financial flexibility you need to secure your dream home, without the stress.
With a focus on trust and convenience, we work to provide you with competitive rates, seamless application processes, and expert guidance every step of the way. At Jessica Fincorp, we’re here to make your journey to homeownership smooth and fulfilling.
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Your Ideal Mortgage Loan Partner – Tailored for Your Dream Home
- Competitive Interest Rates: Enjoy some of the most competitive rates in the mortgage loan industry, crafted to fit your budget.
- Flexible Tenure Options: Select a repayment tenure that works best for you, ranging from 5 to 30 years, ensuring maximum comfort.
- Simplified Documentation: Say goodbye to complex paperwork. Our streamlined documentation process ensures a hassle-free experience.
- High Loan-to-Value (LTV) Ratio: Avail up to 90% financing of your property’s value, reducing the burden of hefty down payments.
- Quick Processing: Found your dream home? Don’t wait! Benefit from fast loan approvals and processing to move in sooner.
- Exclusive Benefits for First-Time Buyers: If this is your first mortgage loan, take advantage of special offers tailored to make your experience exceptional.
- Transparent Procedures: No hidden charges, no unpleasant surprises. We value transparency to keep you fully informed every step of the way
Eligibility Criteria
Home loan eligibility differs across lending institutions and home loan schemes. However, a common set of housing loan eligibility criteria is given below:
- Nationality: Indian Residents, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs)
- Minimum Age: 18 years with some lenders setting the minimum age of 21 years
- Maximum Age: Usually 70 years at the time of loan maturity with some lenders extending the tenure till 75 years of age
- Work Experience: At least 2 years (for salaried)
- Business Continuity: At least 3 years (for self-employed)
- Minimum Salary: At least Rs. 25,000 per month (varies across lenders & locations)
- Loan Amount: Up to 90% of property value
Documents Required
- Identity Proof Documents: Copy of any one (PAN Card, Passport, Aadhaar Card, Voter’s ID Card, and Driving License)
- Age Proof Documents: Copy of any one (Aadhaar Card, PAN Card, Passport, Birth Certificate, 10th Class Mark-sheet, Bank Passbook, and Driving License)
- Address Proof Documents: Copy of anyone (Bank Passbook, Voter’s ID, Ration Card. Passport, Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill) and LIC Policy Receipt
- Income Proof Documents for Salaried: Copy of Form 16, Latest Payslips, IT returns (ITR) of past 3 years, Investment Proofs (if any).
- Income Documents for Self Employed: Business License Details, Proof of Business Address, ITR of last 3 years, Balance Sheet and Profit & Loss Account Statement of the Company/Firm
- Property-related Documents: NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, and an approved copy of the building plan.
EMI LOAN CALCULATOR
EMI Calculator Service
Our EMI Calculator Service is a user-friendly tool designed to help clients easily estimate their Equated Monthly Installments (EMIs) for loans. With this service, clients can input key loan details such as loan amount, interest rate, and tenure, and instantly calculate their monthly repayment obligations. Whether you’re planning to take out a home loan, car loan, or personal loan, our EMI Calculator Service provides quick and accurate estimates, empowering clients to make informed financial decisions with ease.
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FAQs on Home Loan with Jessicafincorp :
A Mortgage Loan is a financial product that allows you to borrow money to purchase a house, construct a new home, or renovate an existing one. The loan is secured against the property you are buying.
Jessicafincorp offers various types of home loans, including:
- Home Purchase Loan: For buying a new or resale property.
- Home Construction Loan: For building a house on a plot of land.
- Home Renovation/Improvement Loan: For repairing, upgrading, or renovating an existing home.
- Home Loan Balance Transfer: For transferring an existing home loan from another lender to Jessicafincorp at better rates.
- Top-Up Loan: For additional funding over and above the existing home loan.
Eligibility depends on the following factors:
- Salaried employees: Individuals with a stable income from employment.
- Self-employed professionals: Business owners or freelancers with a steady income.
- Age: Generally between 21 and 65 years.
- Credit Score: A good credit score is preferred to ensure approval and better interest rates.
The loan amount depends on factors like:
- Property’s market value (usually 75% to 90% of the property value).
- Your income, credit score, and repayment capacity.
Interest rates typically range between 8.40% to 11% per annum, depending on the applicant’s profile, the loan amount, and tenure. Jessicafincorp offers both fixed and floating interest rate options.
The maximum loan tenure offered is typically up to 30 years, depending on the borrower’s age and eligibility. Longer tenures result in lower EMIs but higher interest payments over the life of the loan.
The following documents are usually required:
- Identity Proof: Aadhaar, PAN card, Passport, etc.
- Address Proof: Utility bills, ration card, voter ID, etc.
- Income Proof:
- Salaried: Salary slips, bank statements, and Form 16.
- Self-employed: ITR, business financials, bank statements.
- Property Documents: Agreement to Sale, property title, approved building plan, etc.
- Employment Proof: Appointment letter, employer certificate (for salaried applicants).
The loan approval process typically takes 10 to 15 working days after all documents are submitted and verified. However, it can take longer depending on property valuation and legal checks.
Yes, you can avail tax benefits on both the principal and interest components under sections 80C and 24(b) of the Income Tax Act, subject to government norms. Principal repayment is eligible for a deduction up to ₹1.5 lakhs, and interest repayment up to ₹2 lakhs annually.
A Mortgage Loan balance transfer allows you to transfer your existing home loan from another lender to Jessicafincorp at better interest rates, reduced EMI, or better loan terms.
