Home Loan

Gives you access to immediate funds

Available for salaried and self employed

Benefits of Saarebank Home Loan

  • - Low EMIs
  • - Immediate Funds availability
  • - Fast and easy Loan Processing
  • - Speedy Approvals
  • - Flexible Tenure
  • - Simple and Hassle free Documentation
  • - Easy Balance Transferring

Get Instant Home Loan

Get an Instant Home Loan from Saarebank

Buying a home/house is a dream for many people and involves a lot of financial planning. Saarebank Home Loans makes it easier for those who want to build this home dream.

With our Saarebank Home Loans platform, you can now get digital sanction of your home loan at the cheapest rate of interest in just one click.

Types of Home Loan

Pradhan Mantri Awas Yojana (PMAY)

Easy balance transfer facility

Top-up loan

Property dossier

Top Features of Saarebank Home Loans


Apply for a higher loan amount with an extended tenure of 30 years to enjoy low EMIs

Vast database of Saarebank approved project

Enjoy faster loan disbursement in projects approved by us.

Track Your Loan

Facility to check your Home Loan status on the saarebank.in

Simplified Disbursement

Hassle-free disbursement with minimal documentation

Home Loan Eligibility

Saarebank Eligibility Criteria for Home Loans are very easy; Any Indian with a good financial profile can obtain a loan. Some of the criteria differ depending on whether you are self-employed or salaried while others remain common.

Eligibility criteria for Saarebank Home Loans

ELIGIBILITY Criteria For Salaried For Self Employed
Nationality Resident Indian Resident Indian
Age 23 to 62 Years 25 to 70 Years
Work Experience/Business Continuity 3 years or More 5 year or More

Documents Required for Saarebank Home Loan

Identity Proof (any one)

  • PAN card
  • Driving license
  • Voter ID
  • Valid passport

Address Proof (any one)Electricity bill/water bill/telephone bill

  • Valid passport
  • Aadhaar Card
  • Driving license
  • Voter ID

Other Documents

  • Passport-size photograph
  • Proof of 5 years of business continuity (for self-employed individuals)

Income Proof Documentation

Individual Documents
Self-Employed and Salaried Individuals Latest Salary Slips or Form 16 Bank account statements of the last 6 months

Home Loan FAQs

A home loan, as the name suggests, is a financing solution that allows you to borrow funds to purchase a property at a predetermined rate of interest and repayment tenor. You then repay the amount through EMIs, and the lender, which can be a bank or another financial institution, retains ownership of the property till you pay the entire sum owed. While home loans are typically intended for the purchase and/or construction of a property, some solutions also cater to renovation and repair. Saarebank offers high-value loans at competitive interest rates, with the option of flexible repayment tenors extending up to 30 years
Yes, a house loan is eligible for a tax deduction. Home loan tax benefits include Section 80C’s deduction of Rs. 1.5 lakh on the principal repayment and Section 24B’s deduction of Rs.2 lakh on the interest repayment. You can also claim home loan tax deduction for registration fees and stamp duty charges under Section 80C. In the Union Budget 2021, the government extended the additional deduction of Rs. 1.5 lakh for interest repayment on home loan by 31 March 2022 under the Section 80 EEA to purchase a house costing up to Rs. 45 lakh. This additional deduction is being provided over and above the existing 2 lakh deduction.
As per RBI guidelines, no lender is permitted to offer 100% home financing. You need to make a down payment amounting to 10-20% of the property’s purchase price. Typically, you can obtain up to 80% housing loan financing for your property.
Any Indian national with a strong financial profile can avail of a home loan from Saarebank. The home loan eligibility terms include:
Age limit for salaried: 23 to 62 years
Age limit for self-employed: 25 to 70 years
Minimum salary: Rs.25,000
Work experience for salaried: Minimum 3 years
Business continuity: Minimum 5 years
The upper age limit is considered as the age at the time of maturity of the loan
Saarebank requires you to have a minimum net monthly income of Rs.25,000 to Rs.30,000 in order to get a housing loan. In places such as Delhi, Gurugram, Nodia, and Delhi NCR your monthly salary should be at least Rs.30,000. In cities such as Bangalore, Chennai, Hyderabad, and Goa, you must earn at least Rs.25,000 per month.
Salaried individuals with minimum 3 years of work experience can avail of a home loan of up to Rs. 3.5 crore and self-employed individuals having a business continuity of 5 years can avail funding up to Rs.5 crore. Please note that these figures are only indicative, the actual amounts sanctioned vary on a case to case basis. Use the Housing Loan Eligibility Calculator to know the maximum loan amount based upon your income, tenor, and current obligations.
The documents required for a Home Loan from Saarebank include:
KYC Documents
Identity proof
Form 16/Latest salary slips
Bank account statements of the last 6 months
Proof of business continuity (for businesspersons, self-employed)
Both types of home loans have their pros and cons. With a fixed-rate home loan, the interest rate remains constant through the tenor, which allows you to forecast EMIs. Pick it when home loan interest rates are low. For floating rate home loans, the interest rate alters basis economic changes and RBI policy decisions. Choose this variant when you expect rates to reduce in the time to come. Additionally, the RBI mandates that you do not need to pay any prepayment or foreclosure charges if you’re an individual borrowing a floating rate home loan..

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