Introduction

HomeNxt offers a digital, hassle-free, and lighting fast end-to-end Home Loan journey. Our product covers salaried, cash-salaried, self-employed professionals, and self-employed-non-professionals. With a vision of housing for all, our product is flexible to suit everyone’s requirements. The loan application process is smooth, transparent and involves no hidden charges.

Your dream home is only a step away. Apply now (HomeNxt – Online mortgages & home loans – apply now).

HomeNxt digital Home Loans are offered by our financial partners – Singularity Creditworld & Yes Bank. The decision of our financial partners will be independent & final.

HomeNxt Home Loan Eligibility Criteria

Home Loans are available for both salaried and self-employed individuals. You can apply for a Home Loan if you meet the basic criteria listed below:

HomeNxt Home Loan Interest Rates

HomeNxt Home Loans start at an attractive rate of 8.95% p.a. Whether you are looking to purchase your first home, upgrade to a bigger space, or refinance your existing mortgage, our loan product has you covered. With flexible repayment options and personalized service, we make the Home Loan process easy and stress-free.

HomeNxt Home Loan Tenure

HomeNxt offers flexible tenure options to suit your financial situation. Salaried individuals can choose from a tenure of up to 35 years, while self-employed individuals get up to 30 years. With competitive interest rates and personalized repayment plans, we make it easy for you to achieve your homeownership goals. Do not miss out on this opportunity to secure a long-term, low-interest loan for your dream home.

Home Loan Processing Fees

Processing fee is ₹10,000 onwards (GST additional).

HomeNxt Home Loan Schemes

HomeNxt allows you to purchase new or existing properties from private or statutory agencies, as well as Co-operative Societies and Owners Associations. It covers every aspect of homeownership, giving you the freedom and flexibility to choose the home that is right for you.

The paperwork involved is straightforward, and the pre-approval process is transparent and simple with no hidden charges, as opposed to the norm, where it can be challenging and time-consuming.

You will also receive tax benefits on your Home Loan interest up to ₹2,00,000 per year under Section 24 of the Income Tax Act. Additionally, you can claim a tax benefit of up to ₹50,000 under Section 80EE of the Income Tax Act.

Home Loan EMI Calculator

HomeNxt Home Loan Calculator is at the HomeNxt portal (HomeNxt – Online mortgages & home loans – apply now) helps you understand the monthly repayment obligation in a concise way. The salient features of the calculator are:

• The calculator computes the Maximum Loan Amount and EMI using Gross Monthly Income, Other Monthly Income, Credit Card Outstanding, Existing EMI, Tenure and Interest Rate
• The calculator will also show you the total interest that you will pay over the loan tenure

How to apply for HomeNxt Home Loan?

Step by step guide is as follows

1. Visit HomeNxt – Online mortgages & Home Loans – apply now
2. Click ‘Check Eligibility’
3. Enter Mobile Number
4. Answer three basic questions and enter applicant details
5. Get In Principle Eligibility Letter and click ‘Apply’
6. Loan Application opens
7. Enter Personal, Address, Professional Details
8. Upload required documents
9. Enter Property Details
10. Upload Property Documents
11. Click ‘Submit’
12. Pay fees and we will review the application and get in touch with you

Checklist of documents required for Home Loan

List of Documents Required for Salaried –

Proof of Identity

• Aadhaar Card
• Proof of Address (Any one of the below)
• Rent Agreement
• Passport
• One Utility bill of any of last 3 months (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)

Proof of Income (All three)

• Form 16 of last 2 years
  
• Pay slip of last 3 months
• Bank Statements of past 6 months

Property documents (All five)

• Draft of sale deed
• Cost Sheet
• Occupancy Certificate or Commencement Certificate
• Approved Building Plan
• Booking Payment Receipt 

  Other documents (Both Required)

• Photo
• PAN Card

List of Documents Required for Self-Employed –

Proof of Identity

• Aadhaar Card 

Proof of Address (Any one of the below)

• Rent Agreement
• Passport
• One Utility bill of any of last 3 months (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)

Proof of Qualification (if Self Employed Professional)

• Qualification Degree

Proof of Income (Both)

• Bank Statements of last 1 year
• ITR of last 2 years
• Financials with computation income of last 3 years

Proof of Business (Any one)

• Business Proof
• Electricity bill of last 1 month
• GST Return of last 1 year
• Contract Copies/Form 26AS (for Service Industry)
  

Property documents (All four)

• Draft of sale deed
• Cost Sheet
• Occupancy Certificate or Commencement Certificate
• Booking Payment Receipt

Other documents (Both Required)

• Photo
• PAN Card