Home Loan Company in Kolkata | Home Loan Agent

Meet with Best Home Loan Company in Kolkata | Sova Finserv

The one-stop shop for purchasing your dream home is Sova FinServ. Sova Finserv is the best home loan company in Kolkata whether you want to buy or construct a new home. We provide home loans that you can use to own, build, or renovate your home at the lowest interest rates.

Home Loan

Eligibility for a Home Loan of Sova Finserv

Any Indian citizen with a solid financial history is eligible to apply for a home loan with Sova Finserv; the requirements are simple. Whether you are self-employed or employed, some of the criteria change, while others stay the same. Additionally, certain criteria—like your age—are yes or no while others have an impact on the terms of the loans that are provided to you. For instance, the individual with the higher credit score among two people of the same age is probably going to be able to borrow more money.

Documents needed for a Home loan

Check the Following Documents for home loan:

You can submit your passport, driver's license, Aadhaar card, or voter identification card as your first KYC document.
Your company ID cards.
Recent three-month salary slip for salaried and Form 16 Bank account statements of the last 6 months for self-employed.
Most recent six-month bank statements.
Documents related to property.

Home Loan

Consider the Following Things for a Home Loan:

Check your CIBIL score and make any necessary improvements to get the best terms.
Using a home loan EMI calculator, determine your affordability and loan eligibility. The optimal loan amount and tenor combination for your financial situation can be determined by comparing the home loan EMI amounts for various loan amounts and tenor combinations.
Be careful while deciding on the term of your mortgage. A long tenor may provide you lesser EMIs, but you end up paying more in interest over the tenor.

FAQ

How much home loan can I get on 40,000 salaries?

Sovafinserv, a loan service provider, typically grants house loans for up to 15 years with monthly payments equal to 50% of the applicant's net salary. Your monthly repayment capability will be Rs 20,000 if your net salary is Rs 40,000 (50 % of your income). You'll be given a loan of approximately Rs 24-26 lacks.

What is the EMI for a 20 lakh home loan?

Your monthly home loan EMI for a 15-year term with a 20 lakh loan amount will be Rs 21,187.25 at the current Sova Finserv interest rate of 9.75%. However, the interest rates depend on other factors.

How much CIBIL score is required for a home loan?

When your credit score is between 650 and 749, lenders may decide to give you a house loan after finding out more about your other financial details. However, the minimum CIBIL score to get a home loan in Sova Firserv is 650. Scores between 550 and 649 are considered ordinary and need improvement.

How much home loan can I get on 25000 monthly salaries?

If your salary is Rs 25,000 per month and you meet all our requirements, you may be eligible for a house loan of up to Rs 15 lakhs. The EMI for a home loan applicant cannot be greater than 40% to 50% of their monthly income. If you make 25,000 rupees a month, the highest EMI for a home loan is 12,500 rupees. To get the exact amount you can use our EMI calculator.

What is a good CIBIL score for a home loan?

CIBIL scores usually range from 300 to 900. However, the majority of lenders want a credit score of 650 or above to approve a home loan. A good CIBIL score for a home loan is 800.

What is the EMI for 40 lakhs home loan?

The EMI for a Rs 40 lakhs house loan over 15 years will be determined by the interest rate. The interest rate offered by Sova Finserv is 9.75%, and the EMI amount can be around Rs. 42,374.51. To get the exact amount you can use our EMI calculator.

Which bank is good for a home loan?

In India, Sova FinServ is considered the top lender for home loans. Home loan interest rates from Sova FinServ start at 9.75% p.a., which is among the most competitive and best in India. A loan tenure extension option of up to 15 years ensures an easy repayment time.

How do calculate the CIBIL score for a home loan?

A three-digit number called a CIBIL score measures your creditworthiness. The TransUnion CIBIL credit bureau calculates it after accounting for several factors, and its range is 300-900. These factors include Payment History, Credit Exposure, Credit Type, Credit Duration, and other factors.

How many years did ITR require for a home loan?

For a home loan, you must provide your ITR for the previous three years. It helps the lender in determining if you have a reliable source of income and whether you would be able to make regular payments of Equated Monthly Instalments (EMIs). Lenders evaluate your credibility and potential for repayment using ITR.

Can I get a home loan without ITR?

Yes, it is possible to obtain a house loan from a bank or a housing financing company even if you have not filed an income tax return (ITR) if your income is below the taxable limit.

What is EMI for 10 lakhs home loan?

If you borrow 10 lakhs from Sova Finserv for a home loan, your monthly EMI at a 9.75% interest rate over a 15-year term will be Rs. 10,593.63. To get the exact amount you can use our EMI calculator since EMI depends on some other factors.

What is the EMI for 30 lakhs home loan?

The loan interest rate and tenure offered by the lender determine the EMI amount for a house loan of Rs. 30 lakhs. Your EMI for a loan from Sova Finserv with a 9.75% interest rate will be Rs. 31,780.88 over 15 years. To get the exact amount you can use our EMI calculator since EMI depends on some other factors.

Can I take a home loan and a personal loan together?

Yes, you can. There is no cap on the number of loans you can apply for at once. It may be beneficial to have a personal loan in addition to a home loan.

What is the EMI for 15 lakhs home loan?

At Sova Finserv, the EMI for a home loan for Rs 15 lakh with a 15-year term and an annual interest rate of 9.75% is Rs 15,890.44. To get the exact amount you can use our EMI calculator since EMI depends on some other factors.

What is the EMI for 50 lakhs home loan?

Your monthly EMI would be Rs. 52,968.13 for a home loan of Rs. 50 lakhs from Sova Finserv with a 9.75% interest rate and a 15-year tenure. To get the exact amount you can use our EMI calculator since EMI depends on some other factors.

Why Choose us as Housing Finance Company?

For qualified candidates with a good credit score and consistent income, among other criteria, the maximum loan amount is unrestricted.
To ensure that your EMIs remain manageable and don't strain your resources too much, we provide a variable repayment tenor.
You can get a sizable top-up loan for any other financial needs when you transfer the remaining balance on an existing housing loan to us.
We aim for the quickest turnaround times to guarantee a hassle-free experience. We quickly disburse our loans upon verification.
Homeowners with adjustable-rate mortgages have the option of paying down all or a portion of their debt before the term expires without incurring any additional fees.
Additionally, we provide mortgages with interest rates based on outside benchmarks, such as the repo rate.
We work hard to provide the best experience possible from processing onward. Our prerequisites are straightforward, and there are few paperwork needs.

When you transfer your existing housing loan to us, you have the opportunity to receive a top-up loan as well as a flexible repayment term of up to 15 years with a house loan from us. The home finance option is simple to apply for because of its straightforward eligibility rules and low documentation requirements. Apply for a house loan online right away to fulfill your capital needs for a home.