Home Loans

Home Loans can be obtained for various purposes such as Purchase of New/Resale House, House Repairing or Improvement and Construction of House. Buying House is a dream of each Individual and taking Finance from Banks or NBFCs can be challenging for Salaried as well as Self-Employed Individuals due to complex loan process & never ending requirement for documents by Lenders. We, SCPL, can step in to make the process simpler & hassle-free for all the Individuals in need of Home Loan at Affordable Lowest Interest rates that to in no time.

Home Loan Rates are generally linked to RBI’s Repo rate or Bank’s MCLR (Marginal Cost of Funds Lending rate) or PLR (Prime Lending Rate) and these rates are revised on quarterly basis by the RBI or respective Bank. Since home loan rates are directly linked to Repo Rate or MCLR or PLR, loan rates fluctuates upward or downward depending on increase/decrease in Repo rates or MCLR or PLR. Suppose, when there’s increase in the repo rate, loans for the customer are much more expensive because of hike in the interest rates and this is because commercial banks acquire funds from central bank at higher prices, which forces them to bump up their lending rates.

Interest rates for Home Loans starts from 6.40% p.a. onwards* subject to CIBIL score.
We SCPL make sure that NO Pre-payment / Foreclosure charges are applicable in your Home Loan i.e. NIL Foreclosure charges.
Maximum funding in Home Loans shall be 90% of Property Agreement Value subject to Income eligibility as assessed by the Lenders.

*Terms & Conditions shall apply of Banks & NBFCs.