What is a Home Loan?.

Everyone has a dream of owning their own house. However, not everyone has the necessary monetary support to purchase one. If you want to own a house for residential purpose, then you can opt for home loan at Dial For Loan. Home loans are secured loans. The financial institute will retain the property documents as collateral. You can simply compare top banks and NBFCs (non-banking financial companies) offers on housing loan and apply for the loan.

Why Choose a Home Loan?.

You can take home loan for purchase of old or new property of residential purpose. It can be a flat, a piece of land, or any residential property. Agricultural, industrial, and commercial properties are excluded from the scheme. The housing loan can be used for home extension, construction, repair, and renovation as well. Sometimes, you want additional loan on existing loan, and opt for a top up home loan.

There are no unsecured home loans as in the bank or NBFC will keep the property documents as collateral. However, you can stay in the house and use it for residential purpose even while the repayment tenure is ongoing.

Things to Consider before You apply for a Home loan.

Here are the things to remember before you apply for home loan urgent need based or planned basis:

Home Loan Eligibility.

The criteria for housing loan eligibility can be different as per personal profile and determined on basis of work stability, employment history, your age, income, credit history Check your home loan eligibility before applying for the loan.

Loan Disbursal Time.

It may take few days to process and disburse housing loan as there is a thorough check of documentation.

Interest Rate (fixed or floating).

Your loan provider can either charge fixed or floating interest rate. Fixed interest rates are best for short tenure, and floating rates for longer period. Hybrid home loans are where you can enjoy benefit of both floating and fixed rates.

Terms and Conditions

There could be certain conditions regarding loan balance transfer, prepayment, repayment, and other things related to your housing loan. Know these in details before making a choice.

Hidden Charges.

The bank or NBFC can levy some charges such as processing charge or late payment charge etc. It is best to read the loan agreement before selecting the loan provider.

Features and Benefits of Home Loan.

Maximum Loan Amount: You can get 60 percent to 80 percent of the house’s purchase value. However, you need to pay 20 percent as down payment.

Flexible Tenure: The tenure of home loan is one of the longest. You can repay between 1 year to 15 years and sometimes up to 20 years to 30 years. Repayment tenure depends on the home loan borrowed and other factors.

Low Interest Rate: Since the loan is secured, the home loan rate of interest is low. At our website, you can get rates as low as 8.35%. The rate can be either fixed or floating or combination of the two.

Tax Benefits on Home Loan: Under Section 24 of the Income Tax Act, you can claim exemptions in tax of up to Rs. 2 lakhs for EMI’s interest component paid in a financial year. Additionally, you can claim tax benefits of up to Rs. 1.5 lakh on principal amount paid under Section 80 C of the Income Tax Home loan tax benefits are valid for co-applicant as well.

Improve Home Loan Eligibility with Co-applicant: You can add your spouse or blood relative as co-applicant for the loan and improve your eligibility for securing home loan.

Types of Home Loans in India.

Home loan is a broad category and there are various categories in it. Some banks and NBFCs offer loan to purchase new or existing property, while other offer loan based on borrower’s need for renovating the house and additional expenses. There are collateral free home loans as the housing loan is secured in nature and the lending institute retails the property papers as collateral.

Below are the sub-types of housing loan in India:

Loan to Purchase House:This is the typical loan you can take to purchase new or old residential property. Tenure ranges from 1 year to 15 years and in some cases 30 years.

Plot Loans/Land Purchase Loans: These loans are taken to buy land or plot for investment or construction. The funds are used to purchase vacant plot.

Top up Home Loan: If you have an existing home loan but want additional loan to purchase the house or make renovations in the same, then you can take top-up online home loan apply from dialforloan.com.

Home Extension Loans: If you want to add more space to your house then you can choose home extension loan and extend your house area.

Home Conversion Loans: If you own a house that has an existing housing loan, but plan to buy a new house, then you can take home conversion loan.

Home Construction Loans: If you want home loan for constructing a house on a plot or land, then you can get sufficient funds in form of home construction loan.

Home Improvement Loans: You can apply for a home loan to renovate or repair your current house.

Home Loan Eligibility Requirements

To be eligible for a home loan you need to check for home loan eligibility calculator and criteria. The housing loan eligibility will differ from one financial institute to other but broadly depend on your income, age, credit score, employment information etc. Housing loan is provided to self-employed, professional, salaried individual of Indian nationality.

  • Income: You should have a regular source of income and display healthy repayment ability. For self-employed and businesspersons, the profit on business earned will decide the income limit for housing loan, and for salaried individual it is the monthly salary.
  • Age: You as an applicant must be more than 21 years of age.
  • Credit History: A clean credit history will help you get quick home loan online at Dial For Loan. You can check free credit score or CIBIL score at our website.
  • Employment Experience: You should be employed with current employer for specific number of years, as asked by the financial institution.

Documents Needed for Home Loan

Applying for Dail For Loan home loan requires you to submit following documents, however, the documents required may differ depending on your employment type.

  • Cost estimation or valuation report approved by the bank of NBFC.
  • Copy of documents giving approval to proposed construction/extension plan.
  • Filed and signed home online loans application form. Recent invest proof (if any). Recent passport sized photographs.
  • Last 6 months salary slips, salary account statement for salaried individuals.
  • Proof of identity such as copy of voters ID card, PAN Card, Aadhar Card, Driving license
  • NOC letter from society/builder/municipal, allotment letter given by housing board etc
  • IT department acknowledged copies of documents such as sales receipts, profit and loss statement certified by legit authority.
  • Acceptable address proof such as government issues ID proofs, utility bills, electricity bill etc.

Home Loan Interest Rates

The home loan interest rates bases on marginal cost of lending rate (MCLR) plus a spread on the MCLR that depends on lender’s risk perception about the borrower. At loanbaba.com, you can get loans online for purchasing residential property starting at 8.35%. Almost every financial institute offers competitive interest rates to attract customers. You can compare home loans interest rate at loanbaba.com to get the lowest rates possible.

The housing loan providers can either offer fixed or floating interest rate today. Floating interest rate change with market conditions whereas fixed rates remain fixed and do not change. You can choose either as per the available options for the loan provided by the lender.

What is a Car Loan?.

There was a time when owning a car was a luxury not all could afford to have. Buying a car was a life milestone for everyone who could shell out those huge amounts of money all at once to buy their dream car. With growing times, changing demographics and emerging car loan lenders, for a majority of the Indian middle class, owning a car today is no longer a luxury, but in fact a necessity made possible by taking a car loan.

You cannot imagine living without a car because that would restrict you form going places for work, duties or leisure, hindering a good social and professional life. But with newer technologies and lesser resources, the cost of cars are on a rise, often making it extremely difficult for the average individual to purchase their vehicle outright only using ones savings. Therefore, viewing the huge demand for financing both used and new cars, leading loan lenders in India offer car loans, which are floated products, which enable you to purchase your car and pay off the car loan amount borrowed bit by bit through car loan EMIs or installments.

Benefits of Car Loans

Car loans in India generally carry the following features:

  • One can opt for new or used car loan depending upon the need and the kind of car requirement. Though, most people prefer a car loan over new cars and not the second hand ones.
  • Car loan option in India, for a majority, is an alternative that lets them purchase a car which is better than the one available in their budget since the car loan approval is quick.
  • Car loans in India generally provide a fixed rate of interest option while repayment through EMIs. This keeps you assured of a fixed repayable amount on a monthly basis towards the car loan, facilitating better budget planning without disturbing your usual expenses.
  • A bank offering car loan mostly also provide flexible repayment tenure options of 1-7 years to repay the car loan amount in regular EMIs..
  • Car loans in India are often easier to avail when compared to any other loans and involves easy documentation with clear instructions and guidance throughout the full car loan approval and sanction process.
  • Car loan borrowers can avail loans up to Rs. 1.5 cores, mostly comprising of 100% of the vehicle's on-road price.
  • Most banks have reasonable EMIs within flexible tenure options to offer on Car loans.

What is a Business Loan?

If you have a business that is in existence for at least 3 years, then you may qualify to apply for business loan online at Dail For Loan You may want additional funds to pay for investments, costs, operations, expenditures related to your company. To meet these needs, you can take an unsecured business loan. For the loan, you can consider our website, as we offer best banks and NBFCs that provide the funds in India.

You can get funds up to Rs. 1 crore. Interest rate starts at 13%. Apply for business loan online by comparing top banks/ NBFCs (non-banking financial company) to get quick quotes. No need to submit any security or collateral to the financial institute.

Why Choose a Business Loan?.

If you generate returns on capital more than the actual loan payout, then you can consider applying for a business loan. You can take the loan for meeting innumerable expenses which are critical for your business. Some of the reasons why you may want to choose business loan in India are as follows:

  • To increase profits or revenue , you need to invest in timely manner. If you do not have sufficient funds to expand your business or invest in it, you can apply for funds.
  • Sometimes you may need business loan for peak seasons to make the most of seasonal trends that help in growth of your organization.
  • You can take funds to upgrade or add to the facilities, equipments, premises etc.

Points to Consider Before Applying for Business Loan

Here are some of the factors to consider before you apply for an unsecured business loan, India:

  • You should compare business loan offers and providers at our website to understand the best loan offer suited for you.
  • Know the annual percentage rate (APR), which is the total cost of loan in terms of annual interest rate.
  • You need a good credit score to get your loan application approved. You can check your Credit score and report for free from CIBIL at our website and understand your business loan eligibility.
  • To get your application approved, you have to submit all the necessary documents. Know which are the documents required for business loan before you apply for the funds.
  • Understand all the terms and conditions for business loan online, such as interest rate, additional charges, repayment tenure, loan amount, etc.

Features and Benefits of Business Online Loans

Some of the key points and benefits of business loan at Dail For Loan are as follows:

  • You can borrow a minimum of Rs. 1 lakh as collateral free business loans and Rs. 1 crore as the maximum loan amount.
  • The funds can be only used for business related purposes.
  • The tenure is between 6 months and 5 years.
  • There are suitable loan amounts available for small and medium sized enterprises as well, besides large-scaled businesses.
  • We offer easy and simple online application and paperless process for business loan India.
  • Interest rate depends on your profile and other factors, but starts at 13%.
  • You can have co-applicants for the loan to improve your chances of getting the loan approved.
  • This loan can have co-applicants, which can help raise the approval chance for the loan.

Eligibility Criteria for Business Loan Online

If you want to apply for unsecured business loan, then do go through the following documents you have to submit.

  • Identity proof such as PAN Card, Voter ID card, Aadhar Card, etc.
  • Ownership proof of possessions utilized for business purposes
  • Bank account statements, practice certificate etc.
  • Last 3 years income taxstatements
  • Your KYC documents and that of the co-applicant
  • Recent passport size photographs and residence proof

Business Loan Interest Rates in India

The interest rate of business loan India will vary from a financial institute to other; however, it is based on some crucial factors given below:

  • Your age and profile
  • Your Credit score
  • Company’s and your financial position
  • The chosen loan scheme
  • In case of secured business loans, the security submitted
  • Your relationship with the fund providing bank or NBFC

What is a Loan Against Property?.

A loan against property is an advance against your Home, Business space, Industrial property or Residential Plot. On the off chance that all the area titles are set up, you have a wage and you are qualified then this is the less expensive loan choice for you. Despite the fact that the investment rates on this advance are higher than that of Home Loan, its less expensive than that an individual advance or a Loan against security.

DIAL FOR LOAN give complete answers and advice you to get Loan against residential home, Business space, Industrial property or Residential Plot. We additionally give custom arrangements utilizing our colossal experience as a part of account segment. We are affectionate sorted out group that comprises of a drive, dynamic and capable achievers.


  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
  • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Self-employed Individuals:
  • Any individual filing Income Tax returns can apply
  • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Lease Rental Discounting (LRD):
  • All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

List of Documents required

Proof of identity
  • Voter’s ID card or driving license or PAN card or photo credit card or employee’s ID card, or defense or police or government department ID card
  • Voter’s ID card or driving license or PAN card or photo credit card
  • Company/firm PAN card.

Proof of income
  • ITR for the last 3 years along with computation of income, Profit & Loss a/c, balance sheet with audit reports with complete financials for the last 3 years certified by a CA

Proof of residence:
  • Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or employers letter certifying the current mailing address or latest NSC or other similar instruments indicating the address or existing house lease agreement.

Bank statement
  • Latest 12 months saving and current account of all applicants.

Salient Features:

To be eligible for a home loan you need to check for home loan eligibility calculator and criteria. The housing loan eligibility will differ from one financial institute to other but broadly depend on your income, age, credit score, employment information etc. Housing loan is provided to self-employed, professional, salaried individual of Indian nationality.

  • Attractive interest rates
  • Doorstep service
  • Loan against Property – Residential – Self Occupied, rented/ Vacant.
  • Loan against Property – Residential PLOT/LAND.
  • Loan against property – Commercial – Self Occupied, rented/ Vacant.
  • Loan against/Purchase Industrial Property.
  • Loan for purchase of commercial property
  • Take-over of existing loan with additional refinance (Balance Transfer)
  • Lease Rental Discounting (LRD)

Loan against properties:

  • Loans are available from Rs 25,00,000 to 50,00,00,000/-
  • Repayment tenures from 12 to 180 months
  • Best in Class Rate of Interest
  • Simplified documentation and quick approval.

Service Description:We offer Machinery Loan to all small, medium and big sized enterprises to settle and grow their business with good investment. All these loan services can be availed with simple documentation procedure. Also, we offer business loan in large amount too.

An entrepreneur requires a continuous flow of funds not only for setting up business, but also for successful operation as well as regular up-gradation/modernization of the industrial unit.

Although mainly used to fund working capital requirements, the funds from business loans can be used for business expansion or repair and renovation.


  • Finance in 7* days
  • Easy documentation
  • Flexible schemes
  • Collateral Machines Only

What is a Education Loan?.

Nothing can replace quality education when it comes to building a bright and successful future for your child and education is the only thing that can get a happy life going. However, due to the rising cost of higher education for students in India as well as abroad, parents are finding it more and more difficult to self-finance their children's education hence there is a huge demand for loans to cover education expenses. Unlike most educational institutions today, educationalloans are given to meritorious and deserving students so that nothing hinders their progress and they achieve the best of education in India or abroad. At present, almost every Indian bank and NBFC offer education loans in India to students interested in pursuing a wide range of graduate, post graduate, professional and doctoral courses/degrees.

Aside from the fee payable to the school/college, other expenses covered by most education loans include:

  • Amount required towards the purchase of books, uniforms, equipment and instruments.
  • Purchase of computers/laptops, if deemed necessary for the completion of the course.
  • Fees paid for Exams, Library, Laboratories, Hostel, etc.
  • Building fund, Caution deposit, Refundable deposit (must be supported by receipts/bills).
  • Costs incurred in travel, specifically for studies abroad.
  • Additional costs that are required to successfully complete the course, including but not limited to, Study tours, Thesis work, Projects, etc.

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