Home Loan

Owning a home is one of the life’s biggest aspirations. Community Finance’s home loan is designed to offer maximum convenience and make the journey of buying a dream home hassle-free. The offering is customised to meet every customer’s varied requirement.

Community Finance Private Limited is basically a lender against cash flow with property as a collateral.

Features & Benefits

Higher Loan Value Against the Market Offering

Up to 70% of fair market value for purchase of ready property and self-constructed property (including cost of land, stamp duty, registration and any one-time acquisition costs).

Dedicated Relationship

Relationship officers analyse and understand the needs and give the best suitable financial offering at every stage of life.

Loan Amount of Up to Rs. 10 Lakhs

Get loan up to Rs. 10 lakhs instantly for fulfilling the dream of owning a house. In exceptional cases this amount can be higher.

Bundled Offerings

A bouquet of product offerings along with home loan for purchasing merchandise, meeting emergencies through personal loan or securing the family through life insurance.

For details about Personal Loan Agreements, Terms and Conditions or have any questions, you can refer to our Personal Loan FAQs or can contact us at a nearest Community Finance office.

Eligibility & Documents

Individual must be between 21-60 years* (salaried/self-employed) *Age at the time of completion of the loan

As an Applicant and Co-applicant one must have:

• Completed Application Form

• Proof of Identity - • Passport Copy/Voter ID Card/Driving License/PAN Card

• Proof of Residence - • Ration Card/Telephone Bill/Electricity Bill/Rental Agreement/Passport Copy/Bank Passbook or Statement/Driving License

• Proof of Age - • PAN Card/Passport/Any Other Certificate from a Statutory Authority

• Recent Passport Size Photograph of Applicant & Co-applicant

• Bank Statement/Bank Passbook for Last 6 Months/Last 3 Months' Salary Slip

• Form 16/Income Tax Returns for Last 3 Years

• Processing Fee Cheque

Fees & Charges

Please refer to the ‘Interest Rate Matrix’ section for detailed Fees and Charges related to our product offering

How to Apply

Applying for a Home Loan with Community Finance is quick, easy and completely hassle-free. Read on to know more about how to apply for the same:

• Contact our relationship officer

• Visit our nearest branch office


Factors considered in determining home loan eligibility are: • Income of all applicants • Age of the primary applicant • Number of dependents that the applicants have to support • Assets and liabilities of the applicants • Stability and continuity of the primary applicant's occupation

One can avail of a Home Loan for any of the following purpose: • Purchase of a home • Construction of a home • Home repairs • Home improvements • Home extension

The loan offers competitive interest rates as against the market offerings and it would vary as per each person's eligibility criteria.

The loan offers competitive interest rates as against the market offerings and it would vary as per each person's eligibility criteria.

It is mandatory to have a co-applicant. If someone is the co-owner of the property in question, it is necessary that he/she also be the co-applicant for the home loan. For sole owner of the property, any immediate family member can be the co-applicant.

The required documents to be submitted along with home loan application is mentioned in the ‘Eligibility & Documents’ section.

The EMI consists of the principal amount and the interest on the principal amount. It is calculated by taking the loan amount, the time frame for repaying the loan and the interest rate on the borrowed sum. EMI may change when interest rate changes or part-payment of the loan is made. Every month, part of the EMI is adjusted towards the interest payable, and the balance is adjusted towards repayment of the principal.

The EMI will be due on a fixed date each month. This date will be notified when the loan is disbursed.

Pre-EMI interest is the interest on the loan amount disbursed by the bank. It is payable every month from the date of each disbursement until the commencement of the regular or first instalment.