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Home Loan – New Purchase

Unlock the door to
your dream home

Niwas provides ideal home loan solutions for your new home that’s bought directly from a developer or government agency such as MHADA, DDA, etc for an ongoing or/and completed project. Our home loans also cover purchases of existing properties.

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● HASSLE-FREE HOME LOANS UP TO ₹ 30 LAKH FOR 30 YEARS ● HASSLE-FREE HOME LOANS UP TO ₹ 30 LAKH FOR 30 YEARS
● HASSLE-FREE HOME LOANS UP TO ₹ 30 LAKH FOR 30 YEARS ● HASSLE-FREE HOME LOANS UP TO ₹ 30 LAKH FOR 30 YEARS

Essential features of
your new home loan

Dream Homes, Dream Terms

Secure Loans up to Rs 30 Lakh with a 30-Year Tenure.

Interest-Free Grace Period

Begin Paying Interest Only After Loan Cheque Release.

Prepayment Freedom

No Penalties for Borrowers on Floating Interest Rates.

Tailored Eligibility

Unlock Maximum Loans with Flexible Lending Programs.

Enhanced Loan Eligibility

Unlock Higher Eligibility: Access Various Lending Programs accommodating cash, cheque incomes, ITR-based assessments, and existing loan repayment tracks.

PMAY – CLSS Subsidies

Access Subsidies: Avail up to Rs 2.67 lakh under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (PMAY – CLSS).

Property Financing Freedom

Explore Diverse Locations, Inside or Outside Municipal Limits.

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Calculate and take
your decision now!

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Document checklist:
What we need from you

Keep the following documents handy to enjoy a simple and hassle-free loan application process:

  • PAN card
  • Passport
  • Voter ID card
  • Driving license
  • Government identity card
  • Aadhaar card

  • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Aadhaar card (if your date of birth is mentioned)

  • Passport
  • Voter ID card
  • Driving license
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Aadhaar card
  • Ration card

  • PAN card
  • Passport
  • Driving license
  • Government identity card

  • PAN card
  • Passport
  • Voter ID
  • Ration card
  • Marriage certificate
  • Aadhaar card (if relationship is mentioned)

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Active bank account statement or passbook
  • Property tax receipt
  • Index II of property
  • Registered rent agreement
  • Certificate issued by professional body incorporated under relevant statute.

  • Partnership firm: Partnership deed
  • Company: Certificate of incorporation, Memorandum of Association, Articles of Association, latest CA-certified list of directors and shareholding pattern.
  • Trust: Registration certificate and deed of trust
  • Professionals: Qualifications and registration certificate

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Certificate issued by professional body incorporated under relevant statute.

  • Last 2 years audited CA-certified financials along with schedules, sub-schedules/tax audit report (if applicable), computation of income, ITR acknowledgement provisional financials (if applicable), along with VAT returns/GST returns to validate provisional sales figures.
  • Last 3 months salary slip along with their reflection in your bank account (in case of salaried individuals).
  • Form 16 for last two years.

  • Last 12 months bank statements of all active bank accounts.
  • Last 12 months saving bank account of partners and directors (in case of partnership firm/company).

  • Sanction letter of all existing facilities availed from existing bankers/financial institutions/repayment track record for last 12 months (statement of accounts/banking reflections) of all existing loans/statement of accounts for the last 12 months (mandatory in the case of BT for the facility to be taken over).
  • Copy of property papers proposed to be offered as collateral.
  • List of documents and foreclosure letter (mandatory in the case of BT for the facility to be taken over).
  • Any other information required on case-to-case basis.

  • Copy of complete chain documents of the property (as applicable).
  • Copy of agreement to sell (if executed).
  • Copy of allotment letter/buyer agreement (if applicable).
  • Copy of receipt/s of payment/s made to the developer (if applicable).

Disclaimer: The above list is indicative and may require additional documents depending on your case.

Clarifying doubts:
Frequently asked questions

Anyone with a steady income can apply for a home loan. This includes salaried workers, self-employed individuals, and even daily wage earners.

To get a home loan, you usually need proof of identity, address proof, income proof (like salary slips or bank statements), and property documents.

The amount you can get as a home loan depends on your income and the value of the property you want to buy.

Some lenders may allow you to prepay your home loane with/ without any penalty (Subejective)

If you miss an EMI payment on your home loan, there may be penalties, and it could affect your credit score. It's important to inform your lender if you're facing difficulties.

You may take a joint home loan with family members or friends. This can help increase your eligibility and the amount you can borrow.

Yes, under Indian tax laws, you may claim deductions on the interest paid on your home loan and principal repayment under certain sections of the Income Tax Act.

Home loan approval can take anywhere from a few days to several weeks, depending on how quickly you provide documents. This may vary for each lender.

You can apply for a home loan online through the lenders website or visit their branch to fill out an application form and submit required documents.

Some lenders may offer home loans specifically for construction or renovation of existing properties. Please check with your lender to know more.