Documents for home loan
Home Loan Eligibility Guide Lorem ipsum dolor sit amet, consectetur…
Find the Right Loan. With Expert Guidance.
Your Dream Loan, Our Expert Guidance
Whether you are buying a home, transferring an existing loan, unlocking the value of your property or looking for personal or business funding, Mind Choice Services helps you understand suitable options and the next steps.
HOME LOANS
MADE EASY
Compare offers from leading banks, Housing finance Companies & NBFCs to secure the right and best deal for your dream home
Instant Eligibility Check
Takes less than 60 seconds
- Your information is 100% secure.
ABOUT US
Hassel free loan experience is our motto
Mind choice services is a home loan & mortgage consulting firm, having decades of wide experience in Banking financial services industry. We provide customised services to home loan and mortgage loan explorers, we are the direct sales associates of 68 nationalized, private and Non-Banking Financial Institutions.
We specialize in our consultations for all kinds of khata’s in Bangalore city, we understand and educate the customers about the specific requirements by each of the bank and suggest an appropriate solution for all your financial requirements.
Mind Choice service’s founders come with varied experience from the financial sector and are fully equipped to give you various options and solutions for your home loan & mortgage loan necessities.
Our seamless endeavor to support our customers in getting a hassle free loan experience from these banks at the best interest rates for any kind of property in Bengaluru city with clear titles is a feather in the cap.
Mr. Suresh.N. (Mind Choice Services)
VISION
To be a customer centric company in offering a value based consulting for home loan and mortgage loans by instilling faith, trust & ethics in rendering end to end loan solutions.
MISSION
To focus on giving a hassle free loan experience to each and every client in the least possible time in home & mortgage loan industry there by assisting our customers create more assets for a lifetime.
VALUES
To educate the customers about the various options to avail the required loan from various financial institutions and help them take an informed decision.
LOAN PRODUCTS
Home Loans
Under this segment we assist in Site purchase, Site purchase cum Construction, Row house/flat purchase.
Mortgage Loans
Loan against the property, comes under this section, the rate of interest would be higher than home loans.
Balance Transfer / Loan Top-Up
You can transfer the existing loan to another bank with better offers and can top up an existing loan if required
Project Loans/APF
Apartment Project/layout project comes under this segment. We can facilitate up to Rs 25 Cr for each project.
Personal Loans
25000 salaried professionals can avail personal loan upto 3 lakhs
.
Bussiness Loans
Explore suitable funding options for eligible business needs, working capital and expansion requirements.
WHY CHOOSE MIND CHOICE
HOW IT WORKS
OUR LENDING PARTNERS
Disclaimer: “Loan availability and final approval are subject to eligibility and applicable lender policies.”
EMI Calculator
Calculate monthly loan EMI, total interest, and total payment.
Result Summary
Monthly EMI-
Total Interest-
Total Payment-
These results are indicative and may vary based on market returns, charges, taxes, and other assumptions.
Mind Choice Services Estd. 2014
Calculator
Estimate your EMI using our calculator.
Eligibility Check
Verify your eligibility before applying.
Loan Corporate
Submit your application with documents.
Documentation
Complete documentation and verification.
Payment
Loan is approved and payment processed.
Disbursement
Loan amount is credited to your account.
About Us
About Mind Choice Services
Mind Choice Services helps customers compare loan products across leading banks, housing finance companies, and NBFCs to secure the right and best deal for you.
We provide end-to-end support from eligibility assessment to loan disbursement, ensuring a smooth, transparent, and stress-free experience.
Transparent Process
Customer First Approach
Multiple Options
post disbursement support
Suresh N
Founder & Home Loan Advisor
With extensive experience in home loan consulting and mortgage advisory, Suresh N has been helping customers make informed borrowing decisions since 2014.
TESTIMONIALS
FAQ
Below are the basic questions which we try to answer,
we are happy to help you if you have any specific questions in your mind related to Home Loans..
Which bank is best for Home Loan ?
Every bank has deferent set of rules in giving Home Loans, first we collect all the documents and visit your property, We Analise which bank your profile suites and what best offers we can get you and from which bank. Post discussion we can finalize the Bank.
How can I apply for home loan ?
Give us a call on the below mentioned contact number, Our professional Executives will get in touch with you & would finish all the Loan application formalities of applicable bank at your convenience.
Can I apply for housing loan jointly with my spouse or parents ?
Yes, you can apply jointly, i.e. either be your spouse or your parents, Adding co-applicant, you can also get a higher amount of loan as your co-applicant’s income also gets added with your income and that total income is taken into consideration for calculating the Final Loan amount you will be eligible for.
What is the minimum and maximum tenure of house loan ?
The loan tenure for housing loan ranges from 5 years to 30 years.
What are the Tax Benefits available on home loans ?
Note : Please check with your Auditor for more details on Home Loan Tax Benefits.
It may change every year as per the Union Budget. A home loan borrower can avail a tax benefit on their home loans both on the principal as well as on the interest rate on home loans.
1. Under section 80C ( principal ) : The individual is eligible for a maximum annual tax deduction of Rs. 1,50,000 (Rs. 2 lakh for senior citizens).
2. Under section 24 ( interest rate ) : The individual can avail the tax benefit on the amount of interest paid on their home loan to the maximum limit of Rs. 2 lakh (Rs. 3 lakh for senior citizens) for a self-occupied property.
3. Pre-Construction Interest : Deduction on home loan interest cannot be claimed when the house is under construction. This pre-construction interest can be claimed only after the construction is finished.
It may change every year as per the Union Budget. A home loan borrower can avail a tax benefit on their home loans both on the principal as well as on the interest rate on home loans.
1. Under section 80C ( principal ) : The individual is eligible for a maximum annual tax deduction of Rs. 1,50,000 (Rs. 2 lakh for senior citizens).
2. Under section 24 ( interest rate ) : The individual can avail the tax benefit on the amount of interest paid on their home loan to the maximum limit of Rs. 2 lakh (Rs. 3 lakh for senior citizens) for a self-occupied property.
3. Pre-Construction Interest : Deduction on home loan interest cannot be claimed when the house is under construction. This pre-construction interest can be claimed only after the construction is finished.
Can I take top up on my existing home loan ?
Yes, you can get a top up on your existing home loan, only if you have made timely repayment of EMIs on existing home loan. The interest rate charges on a top up loans are comparatively 0.5 – 2% higher than a home loan with minimal documentation for top up loan processing.
Can I do balance transfer on home loan ?
Yes, if you are paying higher interest rate in your existing bank, then you can go for home loan balance transfer and reduce your monthly EMIs.
What is the CIBIL score needed for home loan ?
CIBIL score ranges from 300 to 900. A score of 680 and above is considered as good score to get home loan. Higher the credit score, higher the chances to get loan application approved.
Can I get a home loan with a bad CIBIL score ?
Yes, Even with the bad credit/CIBIL score, you may be eligible for qualifying a home loan. But, the Bank might charge a higher rate of interest on your loan and may ask you to apply for loan along with a co-applicant to improve your credit worthiness.
Does it affect my co-applicant's CIBIL score, if I default ?
Yes, if you fail to pay the loan on time then it will also affect your co-applicant’s CIBIL score.
What are the Documents needed for Home/Mortgage Loan ?
| Documents Needed | Salaried / Employee | Self Employed / Business |
|---|---|---|
| Filled Application Form | Signed with photographs | Signed with photographs |
| Income Proof | Form 16, Latest 6 months salary slip, Last 1 year bank statement | Last 3 years ITR, Last 1 year bank statement |
| Identity Proof | PAN card, Aadhar Card, Passport / Driving License / Voter ID | PAN card, Aadhar Card, Passport / Driving License / Voter ID |
| Address Proof | Aadhar Card, Passport, Driving License, Voter ID card, Lease or Rent Agreement, Telephone / Mobile bill / Bank statement (not more than 1 month old) | Aadhar Card, Passport, Driving License, Voter ID card, Lease or Rent Agreement, Telephone / Mobile bill / Bank statement (not more than 1 month old) |
| Age Proof | PAN card, Passport, Driving License, Voter ID card, Birth certificate, Employee ID card (only for PSU / Government employees), School / College leaving certificate (Any 1) | PAN card, Passport, Driving License, Voter ID card, Birth certificate, Employee ID card (only for PSU / Government employees), School / College leaving certificate (Any 1) |
| Certificate and Proof of Business Existence | Not Applicable | PAN, GST Registration, Copy of partnership deed, Trade license, Certificate of Practice, Registration certificate issued by ROC, RBI, SEBI. |
| Property Documents | All one set. | All one set. |
What are the Minimum Eligibility for Applying Home Loan ?
| Factors | Salaried / Employee | Self Employed / Business |
|---|---|---|
| Age of the Applicant | Min 18 years & up to 60 years | Min 18 years & up to 60 years |
| Eligible Salary / Income | INR 15,000 per month and above | INR 25,000 per month and above |
| Work Experience / Business | 2 years and above | 3 years and above |
| Minimum CIBIL Score | 650 | 650 |
| Maximum Loan on Property Value | Up to 85% | Up to 85% |
Ready to Explore Your Loan Options?
Share your requirement with us and our team will guide you on the next steps.
Knowledge Centre
Useful Resources for Home Buyers
Balance transfer advantages
Home Loan Eligibility Guide Lorem ipsum dolor sit amet, consectetur…
Loan against property guide
Home Loan Eligibility Guide Lorem ipsum dolor sit amet, consectetur…