Achieve Your Homeownership Dreams with Our Home Loan Solution!



Discover a variety of Home Loan Options with flexible terms and competitive rates whether you're buying a dream home or refinancing needs.


Home Loan Features

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Attractive Interest Rates.

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Minimal Documentation.

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30 Years of Tenure.

Features and Benefits of our Home Loan


A Home loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option, as there are no limitations on its use.

  • Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
  • Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
  • Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
  • NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.

Home Loan Eligibility and Documents

Read on to know the criteria required to apply for our Home Loan.

Home Loan Eligibility

The basic home loan eligibility criteria are as follows:

Age:
  • You must be above 21 years of age at the time of commencing your loan, and up to 65 years or less at loan maturity.
  • Salaried Person: 21 years to 58 years
  • Self-Employed Person: 25 years to 65 years

    • Income:
  • You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
  • Salaried Person - 21 years to 58 years
  • Self-Employed Person - 25 years to 65 years

    • Employment:
  • Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
  • Self-Employed Person - Minimum 3 years of Experience in the current field

    • Credit Score:
  • A credit score of 750 is considered a good score for approval.

    • Documents required to apply for Home Loan

    Income Proof Documents

    1. Salaried Individuals

    • Form 16
    • Employee Identity Card
    • 3 Months Salary Slip
    • 6 Month Bank Account Statement
    • Duration of Employment Evidence

    2. Self-Employed Individuals

    • PAN
    • Trade License
    • Partnership Deed
    • Article of Association
    • Memorandum of Association
    • Import Export Code
    • SEBI Registration Certificate
    • ROC Registration Certificate
    • Financial Statement Audited by CA
    • Profit & Loss Account Statement
    • Balance Sheet
    • 6 Months Bank Account Statement
    • Professional Practice License for Doctors, Consultants, etc.
    • Registration Certificate of Establishment for Shops, Factories, and Other Establishments
    • Business Address Proof

    3. Documents Required from all Non-Resident Indians (NRIs) Applicants

    • Income Proof Documents for NRI
    • Property Papers
    • Property Documents
    • Sale Deed
    • Stamped Agreement of Sale
    • Allotment Letter
    • No Objection Certificate or NOC
    • Housing Society
    • Builder
    • Possession Certificate
    • Land Tax Receipt
    • Construction Cost Estimate
    • Bank Account Statement of Payment Made to Seller or Builder
    • Payment Receipt of Payment Made to Seller or Builder
    • Incase of resale property share certificate is required
    • Occupancy Certificate

    EMI Calculator for Home Loan

    The monthly installment you pay to repay your Home Loan is known as an Equated Monthly Installment (EMI). Each EMI comprises both repayment of the principal loan amount spread over the loan tenure, along with the applicable interest calculated on the outstanding loan balance.

    "Using the SLN online Home Loan EMI Calculator is crucial for making informed decisions and optimizing your Home Loan plan. This user-friendly EMI calculator simplifies complex calculations, ensuring accurate computation of your Home Loan Equated Monthly Installment instantly."

    Home Loan​​​​​​​ FAQs

    What are the eligibility criteria for a home loan?
    The eligibility criteria typically include factors such as income, age, credit score, employment status, and property value.
    How much home loan can I get based on my income?
    Lenders generally calculate the loan amount based on your income, existing liabilities, and the property's value. Typically, the loan amount can be up to a certain percentage of your income.
    What documents are required to apply for a home loan?
    Documents typically include proof of identity, address, income, property documents, and bank statements.
    What is the tenure of a home loan?
    Home loan tenures vary but typically range from 5 to 30 years, depending on the lender and your repayment capacity.
    What is the interest rate for a home loan?
    Home loan interest rates can be fixed or floating and vary based on market conditions, RBI policies, and the lender's discretion.
    Can I apply for a joint home loan?
    Yes, you can apply for a joint home loan with a co-applicant, typically a family member. This can increase your loan eligibility.
    What are the processing fees for a home loan?
    Lenders may charge processing fees, which are typically a percentage of the loan amount. These fees cover the cost of processing your loan application.
    Can I prepay or foreclose my home loan?
    Yes, most lenders allow you to prepay or foreclose your home loan either partially or fully. However, there may be charges associated with prepayment.
    What happens if I default on my home loan?
    Defaulting on a home loan can lead to penalties, increased interest rates, legal action, and even foreclosure of the property.
    How can I improve my eligibility for a home loan?
    You can improve your eligibility by maintaining a good credit score, reducing existing debts, increasing your income, and ensuring all documentation is in order.