We at Oasis aspire to make your experience easy & comfortable. Having a tie up with all leading Banks & NBFC companies we do doorstep delivery of your home loan.
Home Loans are generally granted to individuals who are looking at buying an under constructed, new or resale residential property, actual construction of the house including interiors, purchase a plot, renovation etc.
As a general practice, the lender finances 80-90% of the total amount of the residential property. However exceptions do apply to the above stated rule. The net loan amount is dependent on several factors like monthly income, previous/existing loans, track record etc. Please note- As per the RBI ruling, financial institutions do not fund registration and stamp duty fee as part of the net loan amount. This is an ambiguous area as the amount can be refinanced.
All Banks & NBFC’S have to follow guidelines of the Reserve Bank of India as per the margin money in the case of Banks & discount in case of NBFC.
The Home Loan floating rate fluctuates as per the PLR of the RBI, which in turn is dictated by the market economy.
Customers wanting to opt for a fixed rate of Interest can avail of our expertise to Find out the options best suited to their need.
Fixed ROI are offered for tenure of 5 to 10 years. (At the current rate or with an additional margin.)
Currently, it is uncommon for financial institutions to provide a fixed rate of interest which remains common throughout the loan tenure. Many prefer dual rate of interest which remains fixed only for certain duration. Processing time could be up to 15 days to a month, the approval can be divided into personal details & eligibility, approvals with reference to the Property.
A cheque in the name of the Bank or NBFC needs to be included with the Home Loan application. All Banks & NBFC’s have varied processing fees which depends on the loan amount & property in question.
As per their rules 7 regulations some Banks allow a token amount to be charged at the time of Log in .Whilst others could take an advance cheque for the total amount ,which could range from 10000/-plus service tax upto 0.25%.
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