“Home Ownership Made Easy for Women

INTRODUCTION

Over the last five years, the financial market has opened up to provide various benefits home loan for women applicants. That is why this special offers as well as many other occupations, regardless of the position of the participant – an employee, freelancer or an entrepreneur, are available for financing your desire to build a home.

Advantages of the Home Loans for Women

• Lower Interest Rates: Currently, most banking institutions have different interest rates for instancing the rates that apply to women applicants are usually lower than those that apply to men applicants. This can greatly help to lower the cost of the loan and make monthly instalments convenient to pay 
• Loan Amounts: To be more precise, women applicants are granted greater loan limits than men counterparts especially in cases when they provide co-borrower. Every loan applicant can join together with another individual to boost his/her income for the loan eligibility .
• Repayment Options: The flexibility in repayments is also considered so as to address the cash flow patterns of women — especially the self-employed, the freelance workers, and business women.
• Stamp Duty: Some of the states offer some types of concession to woman buyers in the sense that they are eligible for reduced stamp duty rates on homes, and this is a cost cutting measure that can be seen when women are buying their homes through registration

Options for Loans / Banks / NBFCs

Banks /Nbfc	R.O.I	Processing Fees	Loan Amount	Cibil Score	Apply Now
HDFC Bank Home Loans	8.45% – 10% (Reducing Per Annumn)	0.5% – 1%	5.00 Lacs and above	650 or above	https://referloan.in/loans/hdfc-bank-home-loan
Kotak Bank Home Loan	8.5% – 10.75% (Reducing Per Annumn)	0.5% – Rs.10000	20.00 Lacs and above	675 or above	https://referloan.in/loans/kotal-bank-home-loan
Bank of India Home Loan	8.5% – 10.75% (Reducing Per Annumn)	0% – 0.25%	10.00 Lacs and above	675 or above	https://referloan.in/loans/bank-of-india-home-loan
Canara Bank Home Loan	9.25% – 13.8% (Reducing Per Annumn)	0% – 0%	10.00 Lacs and above	675 or above	https://referloan.in/loans/bank-of-india-home-loan
Aavas Housing Home Loan	9.9% – 18% (Reducing Per Annumn)	1% – 1.5%	25.00 Lacs – 5.00 cr	650 or above	https://referloan.in/loans/canara-bank-home-loan
Bajaj Housing Finance Home Loan	8.45% – 10% (Reducing Per Annumn)	0.2% – 0.5%	5.00 Lacs – 75.00 cr	650 or above	https://referloan.in/home-loan/bajaj-housing-finance
PNB Housing Home Loan	8.75% – 14% (Reducing Per Annumn)	0.25% – 0.5%	5.00 Lacs – 20.00 cr	625 or above	https://referloan.in/loans/pnb-hfl-loan-home-loan
Shri Ram Housing Finance Home Loan	11.5% – 13% (Reducing Per Annumn)	1% – 1.25%	10.00 Lacs – 1.00 cr	650 or above	https://referloan.in/loans/shri-ram-housing-finance-home-loan
We Rize Home Loan	10% – 18% (Reducing Per Annumn)	0.5% – 1%	5.00 Lacs – 75.00 Lacs	650 or above	https://referloan.in/loans/we-rize-home-loan
Mahindra Finance Home Loan	9% – 15% (Reducing Per Annumn)	1% – 3%	3.00 Lacs – 75.00 Lacs	650 or above	https://referloan.in/loans/mahindra-finance-home-loan
Capri Global Bank Home Loan	9.5% – 15% (Reducing Per Annumn)	1.25% – 1.5%	10.00 Lacs – 1.50 cr	650 or above	https://referloan.in/loans/capri-global-home-loan
Tata Capital Home Loan	8.6% – 11% (Reducing Per Annumn)	0.2% – 0.5%	30.00 Lacs – 7.00 cr	750 or above	https://referloan.in/loans/tata-capital-home-loan
Aditya Birla Home Loan	8.9% – 11% (Reducing Per Annumn)	0.5% – 1%	25.00 Lacs – 25.00 cr	675 or above	https://referloan.in/loans/aditya-birla-home-loan
Piramal Finance Home Loan	10.5% – 14% (Reducing Per Annumn)	1% – 1.5%	30.00 Lacs – 5.00 cr	650 or above	https://referloan.in/loans/piramal-finance-home-loan
Satin Housing Home Loan	11% – 18% (Reducing Per Annumn)	2.5% – 3%	5.00 Lacs – 1.00 cr	700 or above	https://referloan.in/loans/satin-housing-home-loan
Indiabulls Finance Home loan	9.4% – 10% (Reducing Per Annumn)	1% – 1.5%	5 Years – 25 Years	675 or above	https://referloan.in/loans/indiabulls-finance-home-loan
Axis Finance Home Loan	9.5% – 11% (Reducing Per Annumn)	0.5% – 1%	30.00 Lacs – 10.00 cr	650 or above	https://referloan.in/loans/axis-finance-home-loan
ICICI Home Finance Home Loan	9.5% – 11% (Reducing Per Annumn)	0.5% – 1%	10.00 Lacs – 5.00 cr	650 or above	https://referloan.in/loans/axis-bank-asha-home-loan

 

General Eligibility and Document Required for This Type of Loan

 Eligibility

• Age: Age between 21 years by 65 years of age.
• Income: Ensuring that he or she has a good income that would sustain him or her in repaying the loan.
• Credit Score: A record credit score which is above 700 is normally regarded as good.
• Employment: long-term work history for those who are paid via salaries or wages or long-term patronage for business people

Documents Required:

• Proof of Identity: PAN card, Aadhaar card.
• Address Proof: any utility bill or rent agreement.
• Business Proof: Registration certificate, the business license.
• Bank Statements, Bank Statement, Income Tax Returns and Profit Loss A/c

How Referloan Can Help 

 ReferLoan is among the rapidly advancing businesses of the Indian nation. It serves all sorts of financial needs through banking and non-banking segments where it interconnects the clients needed.

This is how ReferLoan can help!

1. Wide Range of Lenders

ReferLoan works with several banks and other financial institutions, so we can offer you many home loan choices. For this reason, one is able to compare the interest rates between one or more banks, loan periods, and the requirements for eligibility, in order to find the most suitable loan product market for their needs.

2. Personalized Loan Offers

Based on your financial profile, income, credit score, and property value, ReferLoan recommends personalized loan offers from various lenders. This saves time and helps you focus on the most suitable options.

3. Loan Comparison Tools

ReferLoan provides tools to compare various loan offers, helping you make an informed decision. You can analyze interest rates, processing fees, and other hidden charges, ensuring transparency in your home loan journey.

4. Simple Steps 

ReferLoan takes the headache out of submitting loan application documents as you can submit them online. 

5. Dedicated Customer Support

You can easily contact their experienced loan advisors to clear your doubts and search and apply for home loans, check eligibility, submit documents and get a home loan.

6. Risk Free Trades and Low Interest Rates

ReferLoan works with highly regarded banks to make sure that you acquire affordable interest rates. They also have specific promotions and promotions that they may cut their processing fee or provide specific terms and promos for those who are aspiring first time homeowners.

7. End-to-End Assistance

Start from the submission of the application, through to the final approval of the loan, and even beyond to an extent of follow up services, ReferLoan is there to assist. 

Frequently Questions  

1. What is this Home Loan for Women?

A home loan for women gets special features such as lower interest rates, a higher LTV ratio and other perks as an incentive to women homeowners.

2. What kind of advantages do the home loans have for women?

There are perks on the side of the women which include lower interest rates, processing fees, likely to get some tax advantages, and a longer tenure to pay it back and stuff like that.

3. Does a woman can apply for home loan with the co borrower?

Yes, women can apply for a home loan either single or in conjunction with co-borrower; partner, relative etc.

4. Is there any difference in the interest rates provided for women applicants?

Most of the financial institutions will provide better interest rate for women borrowing compared to men by about 0.05 % to 0.10%.