Plan your property finance with confidence.
Understand how a property loan works, check what you may be able to borrow and get ready before you approach a lender. Our team can walk with you through every step.
Guidance you can follow
We explain your options in plain words and help you prepare. Lending decisions, rates and fees are always the lender’s.
One person follows your case
A USHAS PRIME team member keeps track of where your application stands and what is pending.
We look at the property too
Lenders check title, approvals and documents closely. We help you check them early, before they delay a sanction.
Choose the loan that fits the purchase.
Banks and finance companies offer these on their own terms. Knowing which one you need makes the application faster.
Home purchase loan
To buy a ready apartment, house or builder floor. Usually the lowest-cost option for a home you will live in.
Builder-linked loan
Paid to the builder in stages as work progresses. You pay interest-only pre-EMI until the full amount is paid out.
Plot and construction loan
To buy a plot and build on it, with money released in stages against the construction plan.
Commercial property loan
For offices, shops, showrooms and warehouses. Often assessed on the rent or business income as well.
Loan against property
Borrow against a property you already own, for business or other needs. The rate is usually higher than a home loan.
Balance transfer and top-up
Move a running loan to a lender with a lower rate, and sometimes add extra funds. Check the fees and remaining tenure first.
Test the numbers before you decide.
Illustrations from the figures you enter. Your lender’s rate, fees and terms decide the real amounts.
Use the rate your lender quotes. Tenures are commonly up to 30 years, subject to your age and the lender.
- Total interest
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- Total you pay back
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Year-by-year breakup
| Year | Principal paid | Interest paid | Balance at year end |
|---|
In the early years most of each EMI is interest. Part-prepaying in those years cuts the total interest the most.
Lenders commonly allow total EMIs of roughly 40 to 55 percent of net income, depending on income level and credit history. Adding a co-applicant’s income can raise the amount.
- Highest EMI you can carry
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- Loan used after lender limits
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- Property budget (loan + savings)
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Stamp duty depends on the state, the property and sometimes the buyer, so 7% is only an assumption. Check the current rate before you budget. The brokerage is as shown in the notice before you send an enquiry. Other costs can include legal checks, loan fees and interiors.
- Down payment
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- Stamp duty and registration
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- Brokerage
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- Loan amount
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- Monthly EMI
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- Total cost over the loan
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From budget to disbursal, step by step.
Timings are typical and vary by lender and by case. The tag on each step shows who does the work.
Know your budget
List your net income, existing EMIs, savings and the down payment you can make. Remember stamp duty, registration and other one-time costs on top of the price.
How we help: we run your numbers with you and tell you a realistic price range.Check your credit health
Get your credit report and look for errors or old dues. A score of 750 or above is generally seen as strong. Fixing issues before you apply avoids a higher rate or a rejection.
How we help: we explain how to read the report and what to fix first.Choose the property and check its papers
A lender lends only against a property with clear title, approved plans and complete documents. Check these before you pay a booking amount.
How we help: we shortlist properties in your range and check the papers lenders ask for. Properties with a green “Checked” tag have already been through our review.Compare lenders on the full cost
Compare the rate and whether it is fixed or floating, the processing fee, other charges, the maximum tenure and the terms for part-payment and closing early. The lowest headline rate is not always the cheapest loan.
How we help: we give you a simple comparison sheet to fill in for each lender you speak to.Apply and submit documents
Fill in the application, complete KYC, submit income and property documents and pay the processing fee. An incomplete file is the most common reason for delay.
How we help: we give you a checklist for your profile and tell you what is still missing.Verification and valuation
The lender checks your credit and income, has its lawyer check the title and sends a valuer to see the property. The loan amount depends on the lower of the price and the valuation.
How we help: we follow up on pending items and keep the property side moving.Sanction letter
The sanction letter states the amount, rate, tenure, fees and conditions. Read it fully. Ask what happens if the rate changes and what the closing-early terms are.
How we help: we go through the letter with you and flag anything unusual.Agreement, registration and disbursal
Sign the loan agreement, pay your own contribution and complete registration. The lender pays the seller in full, or to the builder in stages for an under-construction property. Your EMIs, or pre-EMIs, then begin.
How we help: we coordinate the dates between you, the seller and the lender so nothing is left waiting.
Documents lenders typically ask for.
Tick what you have ready. Your ticks stay in this browser only. Requirements vary by lender, so use this as a starting list.
What you pay besides the EMI.
Ask every lender for these in writing before you choose.
| Cost | What it is | What to ask |
|---|---|---|
| Processing fee | One-time fee when you apply, usually a share of the loan plus tax. | Is it refundable if the loan is rejected? Can it be reduced? |
| Valuation and legal fees | Charged for the property valuation and the lawyer’s title check. | Who pays, and is it charged even if the loan is not sanctioned? |
| Stamp duty and registration | Government charges on the sale. They depend on the state, the property and sometimes the buyer. | Check the current rate with the registration office or an official source before you budget. |
| Pre-EMI interest | For an under-construction property, you pay interest only on the amount paid out so far. | How does the builder’s schedule affect when the full EMI starts? |
| Insurance | Cover on the property, and optionally on the loan. | Is the loan cover optional? Compare the premium with your own cover. |
| Early closing and part-payment | On floating-rate home loans to individuals, RBI rules generally do not allow a prepayment charge. Fixed-rate loans may charge. | Ask for the terms in writing for your loan type. |
| Brokerage | USHAS PRIME charges the buyer brokerage on a sale, as shown in the notice before you send an enquiry. | Read the notice, then ask us if anything is unclear. |
Interest and principal paid on a home loan may qualify for income-tax deductions under the rules in force at the time. Please confirm with a chartered accountant.
Common questions about property loans.
How much home loan can I get?
Lenders commonly allow total monthly EMIs of about 40 to 50 percent of your net monthly income, depending on income, credit history, age and the property. Use the eligibility calculator for an estimate. The lender decides the final amount.
What credit score do I need?
A score of 750 or above on the 300 to 900 scale is generally seen as strong. A lower score may still be considered, usually at a higher rate or with conditions.
Should I choose a fixed or a floating rate?
A floating rate moves with an external benchmark and can fall or rise. A fixed rate stays the same for the period agreed but is often higher and may carry charges if you close the loan early. Ask your lender how and when the rate resets.
Is a joint loan better?
A co-applicant’s income is added to yours, so the eligible amount can be higher. Both are responsible for the whole loan. Ask a chartered accountant how it affects tax.
How is a loan for an under-construction property paid out?
The lender usually pays the builder in stages as construction progresses. Until the full loan is paid out you normally pay interest only on the amount paid out so far, called pre-EMI. Check that the builder is registered with RERA.
Does USHAS PRIME give loans?
No. USHAS PRIME Estates is not a bank or lender and does not guarantee approval, rates or terms. We help you prepare, check the property side and follow your application. If any fee ever applies to a service, we tell you before you agree.
What if my application is rejected?
Ask the lender for the reason. Common causes are a low credit score, high existing EMIs, incomplete documents or a property with unclear title. These can often be fixed, or another lender may assess the case differently.
Tell us about your finance need.
Share a few details and a USHAS PRIME team member will contact you to understand your case and guide the next step. Please do not send identity or income documents through this form.
- We call you to understand your plan and your budget.
- We help you check eligibility and get your documents ready.
- We guide your application and keep you updated until it is done.
USHAS PRIME provides guidance only. Lending decisions, rates and terms are the lender’s.
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USHAS PRIME Estates is a property platform. It is not a bank, NBFC or lender. It does not guarantee loan approval, interest rates or terms. The calculators are illustrations only and are not an offer or a quote. Rates, fees, eligibility rules and taxes change, so please confirm the current position with the lender and a qualified adviser before you decide.
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