Home Loan

That fulfils your needs

We assist you in purchasing rightful properties at the right price in Dehradun!

At AssetAssist we assist you to own your Asset stress-free! We provide highly efficient personalised services to secure Home Loan that fulfils your needs. Loan Amount The Home Loan is assessed and determined after assessing the individuals’ requirement and his repayment capacity the foremost document being the Income Tax Return (ITR) forms the proof of income.  The other important factors considered are:
  • Age
  • Educational background
  • Stability and Continuity of income
  • Number of dependents in the Family
  • Co-applicant's income
  • Assets
  • Liabilities
  • Saving habits, and others
Our Home Loan representative will calculate your indicative home loan eligibility after understanding your financial background. Tenure The maximum loan tenure on your Home Loan is up to 30* years. The tenure however does not extend beyond the retirement age or 60 years (in case of salaried person) whichever is earlier. EMI The EMI that you would be paying to repay the loan depends on factors like Quantum of loan, Interest rates applicable & the tenure you have taken the home loan for. To calculate the indicative EMI on your home loan you can use our Assessment A credit check will be carried out to divulge your credit history; for all such cases Financial Institution will obtain a credit report that will show the following details:
  • Personal details such as : Name, Residential Addresses, Date of Birth and PAN card number
  • Records of some recent credit accounts
  • Overdue Accounts (Defaults) which may have been listed against your name, including an indicator on whether the default amount has been paid or not.
As your credit history plays an important part in the home loan application process, it is always advisable to clarify and resolve any credit-related issues before lodging your loan application. Applicant and Co-Applicant Home Loans can either be applied individually or jointly. The Co-Applicant may or may not be a Co-owner of the property. However, all the Co-owners of the property must be a Co-Applicant. Co-Applicants should be immediate family members like Spouse, Parents or Children. For more information, you can call our representative and provide your details and representative from the Financial Institution shall get in touch. Conditional Loan Sanction Once the concerned Bank/Financial Institution has verified your income and credit checks, they will provide a conditional sanction for your loan. This means that you would be issued formal Letter of Offer cum acceptance favouring all the applicants to the loan. It is highly advisable to read this document carefully, sign and return it to Bank/Financial Institution, making sure the information is correct and that everyone understands all the terms and conditions. Bank/Financial Institution  Home Loan executive will be there to guide you through this step and assist you in compiling documents, should they require any further information. Loan Disbursement Once all the necessary paperwork has been accomplished and you have formally accepted the loan offer, thorough scrutiny of all of the above steps is conducted by us to ensure accuracy of the entire process. Upon completing the final check, you need to submit the final processing fee cheque (all other charges as mentioned in the tariff schedule) to your Bank/Financial Institution executive. Upon receiving the funds you will start paying your first home loan repayment usually from the next month after the disbursement date. And with these four simple steps, you and your family would be the proud owner of your own Home. If you have more questions, please mail us your questions to support@assetassist.in **Credit extended at the sole discretion of Bank/Financial Institution *Terms & Conditions apply  Categories
  • Home Loan for Salaried Employees
  • Home Loan for Self Employed
  • Loan for Plot Purchase or/and Construction
  • Home Improvement Loan
  • Home Extension Loan
  • Loan against Residential/Commercial Property
  • Balance Transfer and Top-up
  • Loan for Purchase/Construction of Non-residential Property

Get highly efficient personalised services to secure Home Loan that fulfils your needs.

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1What is an EMI?
EMI means Equated Monthly Installment. It is the amount payable to Bank/Financial Institution every month, till the loan is paid back in full. Every EMI contains both Principal and Interest amount. With Every EMI Paid, the Home loan amount gets reduced. The amount of the EMI depends on the quantum of loan, interest rate applicable and the term of the loan.
2How is an EMI calculated?
EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12 l = loan amount r = rate of interest n = term of the loan
3What is the maximum amount that one can borrow?
The maximum amount that one can borrow depends on factors such as:
  • The purpose of the loan.
  • Whether it is for purchase of property or improvement or renovation.
  • Or purchase of land for development etc.
  • The Bank/Financial Institution generally provides a maximum 80% of the cost of the property.
4What types of Loans does Bank/Financial Institution provide?
Variety of Home loans for various purposes.
  • Home Construction Loans: For the construction of your own home.
  • Home Improvement Loans : To carry out repair works/renovations in a home that you have already purchase
  • Home Extension Loans: To extend your existing home.
  • Plot Loans: To purchase plots of land for home construction/INVESTMENT.
  • Balance Transfer Loans : To transfer your existing home loan from another Bank/Financial Institution for better interest rates or extra top-up loan.
  • LAP: Loan against property already owned by the applicant.
5What are the repayment periods for home loans?
Repayment period ranges from 5 to 30 years.
6Can I make a joint application for Home Loan?
Yes, you can make a joint application for a Home Loan.
7Which documents should I verify before buying a property?

Before you purchase a property, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You must use the services of a competent advocate. It is a professional job to be done with professional assistance.

We understand better the inherent risk of buying property therefore Asset Assist will perform thorough due diligence to verify any fraud, appoint qualified civil engineers for inspection and most importantly verify the price taking care of all the critical aspects pertaining to the purchase of property in District Dehradun which includes Rishikesh, Vikasnagar and Mussoorie.

8What is the difference between built up area, super built up area, and carpet area?

Carpet Area: This is the actual usable area of the apartment/building, which does not include the area of the walls.

Built up Area: This is inclusive of the area of walls too.

Super Built up Area: This includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is only applicable to multi-dwelling units.

9What are the important documents one should check before buying any property?
If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents, carryout search, etc. Asset Assist will provide you Highly Qualified top Legal Advisors specializing in Property Laws to provide an unbiased, objective legal opinion before you conduct the purchase.
10In whose name are the Stamp Papers required to be purchased?
The stamps are required to be purchased in the name of any one of the executors to the Instrument.
11What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?
Market value means the price at which a property could be bought in the open MARKET on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the MARKET value whichever is higher.
12Which are the instruments that attract the payment of Stamp Duty?
The instruments that attract Stamp Duty on market value of the property are:
  • Agreement to Sell
  • Conveyance Deed
  • Exchange of property
  • Gift Deed
  • Partition Deed
  • Power of Attorney settlement and Deed
  • Transfer of lease
13Who is the appropriate authority for knowing the market value of the property?
The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the market value of the property.
14How to verify the authenticity of the various documents submitted by the seller of the property, particularly with regard to the possibility that the property has not been sold earlier to a third party?
The property lawyers look into two major aspects while verifying the property. First of all, is the land on which the property is being or been built has been procured legally and there are no issues pertaining to ownership transfers, partitions, conversions, mutations etc. Second, is if the property is being or been built in compliance to the local governing regulations, sanctions, laws and bye-laws.
15I want to gift a property in a Co-op Hsg. Society. What are the legal formalities? What about stamp duty?
Gift of an immovable property is considered as a 'transfer' under the provisions of the TOP Act and you have to have the transaction registered through a Gift Deed and pay stamp duty as per provisions of the relevant State's Stamp Act depending in which state the property is situated.
16Upon buying a property from a builder in a building under construction, what are the permissions and papers that one should check with the builder, so as to ascertain the legitimacy of the builder?
When you are BUYING A PROPERTY from a builder in a building under construction, you have to check the following:
  • Approved plan of the building along with the number of floors.
  • Ensure that the floor that you are buying is approved.
  • Check if the land on which the builder is building is his or he has authority under an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate.
  • Check the building by-laws as APPLICABLE in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.
  • Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?
  • Check the reputation of the builder.
  • Ensure that urban land ceiling NOC (if APPLICABLE) has been obtained or not.
  • All necessary permissions have been obtained or for example water, electricity, pollution, fire etc.
  • Permissions from lift authorities and other Government agencies as APPLICABLE.