Banks provide customers with home extension loans to extend their houses, add more rooms etc. Such loans fall under this category of home loans.

Banks normally offer 70-85% of the total amount of home extension as loan. The amount of loan sanctioned also depends on a number of factors such as the age of the applicant at the time of loan, tenure of the loan, repayment capacity of the borrower etc. Rates of interest charged will be as per Bank's policy on the date of disbursement of loan. Interest rates can be either on fixed or floating basis.

Home loans for NRIs are available for construction of new house / flats, purchase of old house / flat addition / alteration to an existing house and repairs / renovation etc. NRIs can avail of loans by mortgaging an existing residential property. However, for availing home loans, NRIs have to fulfill certain conditions according to provisions of the Income Tax Act. Documents required for Resident Indians as well as for NRIs for getting Home Loans are different in some respect.

They should have stayed in India for a period of 182 days or more within an assessment year or they should have stayed in India for at least a total of one year or more.The Non-Resident Indians (NRIs) are recognized under the Foreign Exchange Regulatory Act, 1973. Every bank and housing finance companies follow the RBI guidelines to define NRI - "An Indian citizen who holds a valid documents like Indian passport and who stays abroad for employment or for carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a NRI."

Get the lowest interest rate when you transfer your existing home loan. It is transfer of high cost home loans to lower cost loans, from Approved Banks.

Home Loan Transfer is basically taking a home loan, to pay off existing home loan(s). Typically, the choice to transfer is made when interest rates are lower than the original loan. You should go for Home Loan Transfer if:

You are trying to reduce your interest rate and lower your payments. You are trying to reduce your home loan term to pay off your loan faster. You want to use the equity in your house to get money for any of your needs.

Home Loan Transfer is based on your convenience. The procedure of acquiring the loan is made easy, and the amount payable for your installments are designed to make you feel comfortable.

This unique retail loan products offers a customer, a loan by mortgaging an existing house. A person can take a loan for his personal needs which can be for purchase of furniture, trade and business requirement, higher education etc. by mortgaging his home. A person can also take a top up loans, on an existing home loans; while paying for the loans, bank can grant a customer, a top up loans to meet his other needs, this in turn depends on his repaying capacity.

Top up loans are an extension of takeover loans, by way of an additional amount on the original loan. This facility is also available to our existing customers. The maximum amount of loan offered by banks generally does not exceed 70% of the market value of the property. A number of factors are also kept in mind while granting top up loans.

We at Perfect Wealth realise how important it is to raise money in the face of exigencies. We help you through these difficult situations through customer friendly Loans against property (Residential & Commercial) product. Loan Against Property is a product designed to extend loans to individuals against their existing ownership dwelling units for any legitimate and non-speculative purpose. The important thing is to dream. For when you have a dream, the next challenge is in achieving it. Loan Against Property makes sure nothing comes in the way of fulfilling that dream. So go on, while you make your plans, allow us to make sure they reach their heights.

Loans could be used for Education, Business, Marriage, Purchase or improvement of property, Medical treatment or any other personal need. Maximum amount possible is Rs 500,00,000 subject to repayment capacity and value of property.

Do you own a rented out commercial property? Do you need additional funds?

Enjoy the benefits of future rentals today and execute your business plans immediately. Loan against Rent Receivables (LARR) empowers you to use your rental cash flows right now! Under LARR, funds are provided for your business against your rent receivables. You can use the funds to grow your business, consolidate your existing loans, expand your business into newer ventures or use the funds for any other requirement you may have.

This type of loan is generally available to individuals who own a property that has been rented out to blue chip companies, multinational companies and public sector companies. However, certain banks offer this loan only to those individuals who own commercial property. Before offering this loan, the banks will take care to ensure that he following conditions have been met:

The property has been rented out.
The property has been built according to the plan approved by the local government authorities.
There is a confirmed lease agreement between you and your tenant.
You and your tenant are worthy of giving credit.

Once the banks have checked the above criteria, they start processing your application. Normally, the bank enters into a tripartite agreement with you and your tenant as well as a term loan agreement is signed between you and the bank, prior to approving the loan.