Capital Bank
Achieve your dream of owning a home with our flexible and affordable home loans.
8.5% p.a. onwards
30 years
0.5%
Key Features
- Provider: Capital Bank
- Loan Amount: Up to ₹5 Cr
- Pre-payment Charges: Nil
- Special Feature: Interest-only period available
Eligibility Summary
To be eligible for the DreamHome Loan, applicants generally need to be at least 18 years old, possess a stable income source, and maintain a credit score of 680 or higher. Specific income requirements vary depending on the loan amount and property location. A debt-to-income ratio below 43% is typically preferred. Verification of employment and a stable residential history are also essential.
Ideal Borrower Profile
The DreamHome Loan is ideally suited for first-time homebuyers or individuals looking to upgrade to a larger home. It's particularly beneficial for those with a solid credit history, a down payment of at least 5%, and a steady income stream. Self-employed individuals with well-documented income and a strong credit profile can also benefit. This loan offers competitive interest rates and flexible repayment options, making it attractive for borrowers seeking long-term financial stability and a secure housing solution.
Repayment Tips
To effectively manage your DreamHome Loan repayments, consider setting up automatic payments to avoid late fees. Create a budget that prioritizes your mortgage payments. Explore the possibility of making extra principal payments when financially feasible to shorten the loan term and reduce the total interest paid. Review your loan statements regularly to track your progress and identify any potential discrepancies. Refinance if interest rates drop significantly to potentially lower your monthly payments. Consider bi-weekly payments which can accelerate your repayment.
