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Once you submit your requirements, a representative from AurumKuberX will contact you to understand your needs better. They will guide you through the application process, assist in gathering the necessary documents, and help you choose the best loan options available.

The documents required for a home loan typically include: - Completed loan application form - Identity Proof (Aadhaar, PAN Card, Passport, or Voter ID) - Address Proof (Utility Bill, Rent Agreement, or Passport) - Income Proof (Salary Slips, Bank Statements, or Income Tax Returns) - Property Documents (Sale Agreement, Builder NOC, Allotment Letter, and Property Title Deeds) - Copy of plan approved for the proposed construction/extension - Cost estimation/valuation report from an authorized surveyor/evaluator The specific documents may vary depending on the lender's requirements.

The loan processing time varies depending on the lender and completeness of the submitted documents. Generally, it takes 7 to 15 working days from the date of document submission to loan disbursement.

No, there are no hidden charges. All fees, including processing fees, administrative charges, and other applicable costs, will be transparently communicated before proceeding with the loan application.

Yes, home loans for under-construction properties are available, with disbursement happening in stages as per the construction progress.

Individuals with a regular source of income, whether salaried or self-employed, can apply for a home loan. The applicant should be between 21 and 65 years of age.

Lenders assess factors such as income level, age, occupation stability, credit history, existing loans, number of dependents, and co-applicant’s income (if applicable).

No, joint home loans can only be applied for with immediate family members such as parents, spouse, or children.

A maximum of 6 joint borrowers are permitted, but they must be family members such as parents, siblings, or spouse.

A floating rate home loan has an interest rate that changes periodically based on market conditions, affecting EMI payments.

A fixed rate home loan has an interest rate that remains unchanged throughout the loan tenure, ensuring consistent EMI payments.

Yes, some lenders allow switching, but charges may apply. Check with your lender for details.

Home loan repayments can be made via post-dated cheques, automatic deductions from a salary account, or ECS (Electronic Clearing System).

Yes, but some lenders may charge a penalty of 2-3% on the outstanding principal. Some banks do not charge a prepayment penalty.

Charges may include processing fees, prepayment charges, documentation fees, stamp duty, and credit bureau report charges.

Yes, tax benefits include: - Section 80C: Up to ₹1.5 lakh tax exemption on principal repayment. - Section 24: Up to ₹2 lakh deduction on interest paid. - Joint borrowers can claim up to ₹7 lakh combined tax benefit.

A top-up loan is an additional loan on an existing home loan with minimal paperwork, typically at a lower interest rate than personal loans.

A good credit score improves the chances of loan approval and helps secure better interest rates and terms.

Yes, but it may be challenging. Applying with a co-borrower who has a stable income and a good credit score can improve eligibility.

Pre-EMI interest is the interest charged on the disbursed loan amount before EMI payments begin. It is paid monthly and does not include the principal component.

The margin is the percentage of the property’s cost that the borrower must pay upfront, usually around 20%, while lenders finance up to 80% of the value.

Home loans typically do not cover: - Down payment - Stamp duty - Registration fees - Transfer charges

An amortization schedule is a table detailing the periodic principal and interest payments on a loan, along with the remaining loan balance after each payment.

Different home loans include: - Land Purchase Loan: For buying a plot of land. - Home Purchase Loan: For buying a new or resale property. - Home Construction Loan: For building a house on owned land. - Home Extension Loan: For expanding or modifying an existing property.