Availing a home loan from Capital India Home loans is simple. Here is the 4-step process:
Step 1: Submit your duly filled loan application form along with the required set of documents.
Step 2: Your application would be appraised based on our policies and the pre-approval will be communicated to you.
Step 3: Property related checks pertaining to the value and title of the collateral will be carried out through a Capital India Home Loans empanelled agency.
Step 4: The loan will be disbursed on submission of original property documents along with duly signed loan agreements and other required documents.
Your home loan is repaid through Equated Monthly Instalments (EMI), which includes the principal and the interest component. EMI repayment starts from the month, after the month of final disbursement. Pre-EMI Interest is the simple interest, payable every month till the loan amount is not fully disbursed. You also have an option to start the EMI payments before the final disbursement of the home loan.
Yes, you can avail re-finance at the applicable home loan rate within 6 months from the date of property purchase.
Keeping our customer’s convenience in consideration, the EMI can be kept constant while the remaining loan tenure is adjusted. In an exceptional situations, the EMI may be changed to support the principal repayment, within a time frame.
Yes, you can prepay your home loan. For applicable loan pre-payment fees, please check your Capital India Home Loan sanction letter for the terms & conditions and schedule of charges.