Home First Finance Company Loan Against Property

Features & Benefits of Home First Finance Company Loan Against Property

The HomeFirst Finance Company offers LAP by reviewing the venture, understanding the business model, and checking the documents. After the successful review of these three things, the company sanctions a loan to the individuals. LAP from HomeFirst can be obtained by self-employed people too. The only thing the company looks for is the individual’s ability to repay the loan and whether he has a fixed income source or not. Applicants will be able to enjoy a great rate of interest and a fast process. These are the benefits offered by the HomeFirst LAP:

• Flexible documentation 
• Tech-driven processes o loans alongside speedy approvals
• Competitive interest rates 
• LAP for business and personal expenses

Eligibility Criteria and Factors Affecting Home First Finance Company Loan Against Property Eligibility

As for the eligibility goes, the company checks whether the applicant has a monthly! After that, the professionals perform a background check by reviewing their family, understanding the individual’s occupation and the purpose of the loan. The eligibility for applying for LAP is different from the personal loan. Thus, the financial institute checks these parameters to evaluate Home First Finance Company Loan Against Property eligibility:

• Applicant’s income
• Savings, 
• Repayment track record, including the repayment of the credit card amounts or previous loans
• The Property’s market value (the one an applicant aims at mortgaging)
• The claimant should be a maximum of 60 years of age at the time of the maturity of the loan

Documents Required for Home First Finance Company Loan Against Property

Rather than experiencing a lengthy process with tedious documentation, you only require giving the identity proof handy and things that prove your income, liabilities, and savings. At HomeFirst, the company sees the client first and then the documents! Here’s a list of documents required for HOME FIRST FINANCE COMPANY Loan Against Property.

• Application form
• ID proofs 
• A property evaluation report

Documents Required for salaried individuals

• Application form alongside a passport-sized photo
• Valid photo ID 
• Current residence proof
• Three last day salary slips
• Bank statements of the latest six months
• A processing fee cheque 
• Form 16
• Proof of property ownership 

Documents Required for self-employed Businessman

• Application form alongside a photo attached
• Valid photo ID
• Proof of residence address
• Business evidence
• Certificates of academic qualifications 
• Self-employed professionals also need to submit the last three years’ IT returns, Balance Sheets as well as P&L statements
• Bank statements of six months
• A cheque to process fees
• Proof of ownership