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title: Best Housing Finance Company to Get Home Loan in 2022

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# Best Housing Finance Company to Get Home Loan in 2022

Shubham offers its customers some of the most attractive home loan programs. Get a maximum loan of up to 50 lakhs for a loan term of 20 years with interest rates starting at 11%. Find out which loan best suits your needs and study the details before applying for a Shubham **[home loans](https://shubham.co/home-loans.php)**.

![](https://i.imgur.com/sMI0e1U.jpg)


If you want to take out a home loan or **[loan against property](https://shubham.co/loan-against-property.php)** for home construction, the applicant must meet the following requirements:

* **Age:** from 18 to 65 years old
* **Status of Residence**: You must be Indian or Overseas Indian (NRI).
* **Occupation**: Self-employed or working
* **Creditworthiness**: more than 750
* **Income**: Around Rs 25000 per month


**What documents are required?**

In addition to Know Your Customer (KYC) documents and income, to build a house on a property you own, you must provide a lender with documents proving ownership of your property. This property can also be the property or property granted by the building authority. You can also get a loan against a property. However, the lease agreement must be made for a longer period of time. You must also submit a permit certificate for the property.



In addition to property documents, plans and plans for the planned house must be submitted. You must also submit an estimate of the value of the building certified by the architect or structural engineer. Based on these documents, if the lender is satisfied with your solvency and the fees presented, they will approve your home loan on terms.



* **Margin Money** - As with other home loans, borrowers have to pay extra money to build a house depending on the amount of the home loan applied for. If the property has just been taken, the cost of the property will be taken into account when calculating your rate. The value/price of the property will not be taken into account when calculating your contribution if you received it as an inheritance or gift or purchased it long ago.
* **Loan Payment** - Home loans are paid in instalments, with the money paid during construction. The same process is also carried out when ordering an apartment under construction with a developer. However, the lender will not give you the money unless you have approved your deposit and have proof. To claim payment from the bank, you must provide a photo of the house and a certificate from the architect or civil engineer for the completion of the house.


Lenders can rely on the certificates and photos you provide, or outsource verification to one of their technicians. So, if construction is completed quickly, the lender will pay off the money faster.

