Kalyan Constructions welcomes you to experience the meticulously planned and executed prestigious constructions. Our commitment towards providing the best quality living with un-compromised standards, kept Kalyan on the pedestal. Right from inception, Kalyan created and maintained the remarkable reputation.

Eligibility

Broadly speaking, home loans can be availed whether you want to buy or build a house and can be used to repair or extend an existing house. Salaried Employees and Self-Employed Indian residents over 21 years of age at the beginning of the loan and below 65 at its maturity can avail Home Loans. (NRI) Non Resident Indians Salaried and (NRI) Non Resident Indians Self-Employed persons, under RBI guidelines, can approach nationalized banks and other Home Finance Companies for home loans.

Loan Sanction

The loan sanction amount depends on your repayment capacity - based on your total current income and your future repayment capacity. Your spouse's gross income can be added to enhance the loan amount eligibility. The maximum loan that can be sanctioned varies with each bank/institution and generally ranges from Rs.10 lakhs to Rs.1 crore upto a maximum of 85% of the value of the property.

Repayment

Usually loan tenures range from 2 years to 25 years and does not extend beyond the age of retirement or when you turn 65 years of age - whichever comes first. The EMI - Equated Monthly Installment is the amount of money you repay every month until the end of the loan tenure which comprises both principal component and an interest component

Interest Rates and Charges

A bank normally charges between 0.5% to 1.8% of the quantum of loan as one time service charges for sanctioning a loan. Home loans are sanctioned under two categories of interest rates namely floating rates and fixed rates. The applicant is allowed to make a choice at the time of application to choose between one of
the above categories.