About Home Loan

Akshara Capital Home Loan offers home loans starting at Rs. 3,000,000 so that you can own the home of your dreams. In addition to smaller EMIs that are spaced out over a longer period of time, Akshara Capital Home Loans are easy to apply for, come with an attractive interest rate, and provide doorstep service. See below for more information on Akshara Capital Home Loan.

You can use Akshara Capital Home loans to do much more than just buy a property - you can buy a plot of land for construction, extend your home, transfer your balance, and much more!

What's the point of settling for less when it comes to your home? You can use this calculator to determine your eligibility for a home loan. Instantly determine your eligibility for housing loans.

In simple terms, a home loan or housing loan is a sum of money borrowed from a lender to purchase or construct a house. Existing homes can also be extended with home loans. The interest rates and payment terms of home loans can be fixed or adjustable.

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Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

For purchase of residential property

For construction of a residential property

For purchase of land

For home expansion

Features of Home Loan

All loans are not created equal, personal loan has become a great option for people to use.

Smaller EMIs

Minimum Loan Amount Rs. 3 Lakhs

No PrePayment Charges

Floating & Fixed Interest Rates

Home Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Home loans: How do they work?

Loans for home purchase provide a lump-sum advance of funds towards buying your dream home, this amount is repaid with interest. However you can re-pay the amount advanced via EMIs (Equated Monthly Installments), thus enabling you to approach realizing your home dream in a convenient and structured way.

How do I apply for a home loan?

Applications for home loans usually include the following steps: Application: You will need to apply for a home loan, this can be done online or at bank branches/loan centres.
Loan Sanction: Post submission of your application and review of necessary KYC and documents of financial stability, the bank shall sanction your loan amount.
Review: Once the loan is sanctioned, you will need to submit the documents pertaining to the property against which your loan is sought, for technical and legal review.
Approval & Disbursal: Upon validation of your loan amount and the property sought, the bank shall approve and disburse your loan.
With the right documents and prompt follow-up, you could have your Akshara Capital Home Loan Approved in 15 days!

How do home loans affect tax benefits?

A home loan can provide you with the following tax benefits:
In accordance with Section 80C of the Income Tax Act 1961, the repayments (EMIs) towards the principal loan amount are eligible for a deduction up to Rs 1.5 lakh.
According to Section 24(b) of the Income Tax Act 1961, interest on home loan EMIs may be deducted up to a maximum of Rs. 2 lakh per year.
Nevertheless, a home purchased as a "let-out property" that is rented out will not qualify. Interest payable can be deducted in full.
Furthermore, first-time home buyers may be eligible for further deductions under Section 80EE, up to Rs.50,000/- per year after they exhaust the limit for interest per Section 24(b).
Regardless of whether the loan is used to stay on a property or let it out, the maximum tax deduction is Rs.30000 when taken for re-development, reconstruction, or renovations.

Are there different kinds of home loans?

Akshara Capital offers a selection of Home loans to suit every client's investment goals. Additionally to advancing loans for the construction of properties, purchase of built homes, and loan for top-ups of existing loans and redevelopment, we also offer options for subsidy benefits and repayments.