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Avail Home Loan FAQs

Avail home loans

MRG World is a 21st Century real Estate Company and it has sets an aggressive target of delivering 100,000 flats by year 2022 under the affordable housing projects.

As we know housing is a basic necessity for a human being to stay in, with rising costs of land and homes but this necessity remains a dream for most. That’s why, the Government of India started a scheme known as PMAY (Pradhan mantri awas yojana). People get an affordable house within their financial capabilities through this scheme.

To serve the customers and to provide professional home loan services at your locations with zero fee service and hassle frees, there is a MRG World which is a real estates company who tie up with notch financial institutions. It will ensure you for quick services with minimum interest Rates.

While you avail home loan there are several benefits attached to it

Benefit from PMAY Scheme & Tax Benefit

PMAY is a subsidy scheme which is available for home loans belonging to EWS, LIG, MIG 1 & 2 category under section 24B and 80C.

The tax benefits available under section 80C, you can take benefit by reducing your taxable income up to INR 150000 on interest amount who you paid during financial year.

24B or 80EE section is for the benefit of the home buyer, under this income tax act you can take benefit by reducing your taxable income up to INR 200000 on interest amount which you paid during financial year.

The most important benefits of PMAY which provide benefit up to INR 267000.

Improve your credit worthiness

As we know credit score plays a vital role if you want to avail any kind of loan. It is basically a numeric representation of your credit worthiness and the calculation this record is based on your past repayment track record. So, when you make timely payment of your home loan EMIs, it results a positive effect on your CIBIL/credit score which improves your creditworthiness.

This makes easy to get approvals on future loan and credit card applications.

Possibility of getting a better home

Getting a dream home is first desire if you are investing your all money in a single thing.

In case if you take home loan then it allows you to go beyond your set budget and choose best home or property.

List of documents

Salaried

  1. Photograph of both an applicant & the co-applicant.
  2. PAN & Aadhar Card of both an applicant & the co-applicant.
  3. Current Address proof of both an applicant & the co-applicant.
  4. Last 6 months’ bank statement of Salaried account.
  5. Last 3 months’ salary certificate/slip.
  6. Latest 2 years Form 16/ Form 26AS and ITR.
  7. Running loan obligation details of Applicant and co-Applicant, if any.
  8. Processing fees cheque.

 

Self Employed

  1. Photograph of Applicant & Co-Applicant.
  2. Current address proof of Applicant & Co-Applicant.
  3. PAN Card of Applicant & Co-Applicant.
  4. Last 3 years personal ITR with computation for the Applicant and of the firm.
  5. Last 3 years Audited Balance sheet for the Applicant and of the firm.
  6. Last 1 year’s savings and current bank statement of applicant and current account statement of the firm.
  7. Existing loans track record.
  8. Term loans details, if any.
  9. Processing fees cheque.

Important note

  • All documents must be self-attested by both an applicant & the co-applicant.
  • Please noted that these are standard documents and we may ask for certain other documents if asked by the financial institution.
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