House Owner Loan

Enliven your dream home with our House Owner Loan

Monthly outflows lower by upto 40% of regular loans

So how do I avail this House Owner Loan ?

Just fill in your basic details here and upload your Home Loan sanction letter. In case you are yet to get your Home Loan approved, you need to upload your latest salary slip. In most of the cases, we would approve your loan within a day!

LoanTap's Advantage


Why LoanTap's House Owner Loan?

Home is where your heart is. Do not delay the decision of making your home, dream home.Get it designed or renovated now with LoanTap’s unique personal loan – House Owner loan.

Instant approval and disbursal

Loan Approval within a day

Unique Personal Loan

Monthly outflows lower by upto 40% of regular loans

Flexible Re-payment

No foreclosure charges after six months

Transparent Processes

No hidden charges

eligibility-criteria

Eligibility Criteria for House Owner Loan

1

Salaried Professional with monthly income more than Rs 30,000

2

Individual working with a limited/private limited company or in a government job

Check My Instalment

Check your reduced tentative monthly outflow as compared to regular personal loan by representative loan of Rs 1 Lakh

Key Features
Monthly Instalment / Minimum Payment
Time to Disburse
Tenure
Lock-in Period
Foreclosure Charges
Bank Loan LoanTap
Rs. 2327 Rs. 1500
5-7 days Next Business Day (24-36 hours)
36-48 Months 60 Months
12 Months None
4% after Lock-in Zero after 6 Months
Check My Rate
Key FeaturesLoanTap
Monthly Instalment / Minimum Payment Rs. 1500
Time to Disburse Next Business Day (36 hours)
Tenure 60 Months
Lock-in Period None
Foreclosure Charges Zero after 6 Months
Check My Rate
Bank Loan
Rs. 2327
5-7 days
36-48 Months
12 Months
4% after Lock-in

How we make loans happen in 24-36 hours

online application
Online Application

Apply online, upload basic documents or mail us

record your time
Record your time for representative visit

Download documents as per checklist, sign and handover to our representative.

verification sanction disbursal
KYC & Fund transfer

We check documents, verify them and activate instant disbursal online

Frequently Asked Questions


This loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. In this loan, customer pays interest amount every month and in every 6 months a bullet amount needs to be paid towards outstanding principal amount. Interest amount is revised post bullet payment of principal amount. Overall monthly outflow is almost lower by 40% as compared to normal personal loan EMI.
LoanTap offers house owner loan ranging from Rs 1 Lakh up to Rs 10 Lakhs. Final loan amount decision is taken on basis of your eligibility and credit checks.
This loan is available to both salaried and business professionals. You only need to provide basic documents for loan processing.
For Salaried customers –
  • PAN
  • Address proof
  • 6 months’ salary account statement
  • e-NACH mandate form
  • Additionally, the customers need to submit 3 months’ payslips or copy of Home Loan sanction letter
  For Self-employed customers –
  • PAN
  • Address proof
  • Copy of Home Loan sanction letter
  • Business proof
  • 6 months bank statement
  • e-NACH mandate form

For Salaried Customers: You will need to pay interest amounts every month. The loan principal amount is collected by bullet repayments - every 6 months. Thus, you save up to 40% on the monthly outflow compared to normal EMIs. Loan tenure up to 60 months.

For Self Employed Customers: You will need to pay interest amounts every month. The loan principal amount is collected by bullet repayments - every 6 months. Thus, you save up to 40% on the monthly outflow compared to normal EMIs. Loan tenure up to 36 months.

Currently we are providing House Owner Loans to customers in Pune, Mumbai and Bangalore locations.
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges

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