Sure Worth offers affordable and flexible housing loans services to turn your dream of owning a home into reality.

If rising real estate prices have pushed the house you coveted beyond your budget, Sure Worth's unmatched home loans options will put it within reach. The attractive interest rates and minimal processing fees make our home finance products a first choice for savvy buyers. In addition, features such as flexible tenures, transparent processing and quick service have made Sure Worth stand out among the best home loans service provider in industry. Our products and services will suits to all your need and taste. Whether you are self-employed or salaried, want a floating or fixed rate, Sure Worth will organize a loan that is just right for you.

Our Strengths / Advantages
  • Zero Processing Fee
  • Guidance throughout the process making home buying hassle free
  • Doorstep service at your comfort
  • Simplified documentation
  • Customized Loan Solution
  • Higher Loan Eligibility
  • Attractive Interest Rates
  • Longer tenure and lower EMI; Maximum Loan Tenure: 30 years
  • Loans under "No Income Proof" scheme available
  • Balance Transfer at attractive rate of Interest
  • Simplified documentation
  • Doorstep service
  • Quick and Transparent Processing
  • Loan sanction possible before selecting the property
Loan Enquiry Form
Types of Home Loans

The Home Loans that are available in the market have different criteria to avail. They also have number of segments that are categorized according to varied demand of the market – different home loans for different requirements. The following is the list of different types of Home Loans you can avail from the market:

Land Purchase Loans
Land purchase loans are taken to buy a plot of land on which a borrower wishes to construct her/his house. Most banks offer up to 85 per cent of the price of the land. These loans can be availed for residential as well as for investment purposes. Almost all leading banks offer this loan .
Home Purchase Loans
The home purchase loans are the most popular and the most commonly available home loan variants. These loans can be used to finance the purchase of a new residential property or an old house from its previous owners. In this type of loan also, lenders usually finance up to 85 per cent of the market value of the house. These loans are provided either on fixed interest rates or floating interest rates or as hybrid loans.
Home Construction Loans
These loans can be availed by those individuals who want to construct a house according to their wishes rather than purchasing an already constructed one. The loan application and approval process for home construction loans are somewhat different from those of the commonly available housing loans. The plot of land on which the borrower wishes to construct the house should have been bought within a year for the cost of the land to be included as a component for calculating the total price of the house. If the plot has been purchased more than a year ago, then the above clause is not applicable. The borrower has to make a rough estimate of the cost that will be incurred for the construction of the house and then apply for the loan with the same amount. The lender then takes over from there and analyses the application to decide whether or not to sanction the loan. The approval or disapproval of the same is intimated by the lender to the applicant. The loan amount may be disbursed at one go or in several instalments according to the progress in the construction of the house.
Home Improvement Loans
Home improvement loans are availed by individuals who already own a house but lack the funds to renovate it. All kinds of renovations and repair works can be financed using this variant of home loans such as internal and external painting, external repair works, electrical work, water-proofing and construction of underground or overhead water tank etc.
Home Conversion Loans
Those borrowers who have already purchased a house by taking a home loan but now want to buy and move to another house opt for the home conversion loans. Through these loans, they can fund the purchase of the new house by transferring the current loan to the new house. There is no need to repay the loan on the previous home.Though useful, this segment of home loans is accused of being quite expensive
NRI Home Loans
NRI home loans is a specialised home loan variant which has been developed to assist non-residents in acquiring housing finance to buy residential property in India. These loans are meant exclusively for the non-resident Indians. The formalities of availing this segment of home loans is similar to the regular home loans which are offered to residents, only the paperwork is a bit elaborate. Almost all public and private sector banks provide NRI home loans.
Balance Transfer Loans
Balance transfer option can be availed when an individual wants to transfer his home loan from one bank to another bank. This is usually done to repay the remaining amount of loan at lower interest rates or when a customer is unhappy with the services provided by his existing lender and wants to switch to another lender.
Stamp Duty Loans
Stamp duty loans are provided to pay off the stamp duty charges on the purchase of a property. The amount from this loan can be used solely for this purpose. This segment of home loans has yet not gained much popularity.
Bridged Loans
Bridge loans are short term loans which are meant for people who already own a residential property but are planning to buy a new house. It helps borrowers to fund the purchase of the new house until a buyer is identified for the old house. It is extended for a period of less than two years and requires the mortgage of the new house with the lender.
Home Expansion / Extension Loans
Land purchase loans are taken to buy a plot of land on which a borrower wishes to construct her/his house. Most banks offer up to 85 per cent of the price of the land. These loans can be availed for residential as well as for investment purposes. Almost all leading banks offer this loan .

Frequently Asked Questions

What are the types of Home loan?

  • HOME PURCHASE LOAN-This is the common loan for purchasing a home.
  • HOME IMPROVEMENT LOAN-This loan is given for undertaking repairs, renovations and/or up gradation to your home.
  • HOME CONSTRUCTION LOAN-This loan is available for the construction of a new home.

What are the documents required for Home loan?

The following documents are required by financial institutions to process a loan application:

  • Proof of age
  • Proof of address
  • Proof of income of the applicant & co-applicant
  • Bank statements of the last 6 months
  • Passport size photographs of the applicant & co-applicant

Salaried individuals

  • Salary slip / Form 16 A
  • A photocopy of the first and last pages of Ration card or copy of PAN/Telephone/Electricity bills
  • A photocopy of Investments (FD Certificates, Shares, any fixed assets, etc., or any other documents supporting the financial background of the borrower)
  • A photocopy of LIC policies with the latest premium payment receipts (if any)
  • Photographs (as applicable)
  • A photocopy of bank statements of the last six months

Self-Employed/Businessmen

  • A brief introduction of Business/Profession.
  • Balance Sheet, Profit and Loss account and statement of income with Income Tax returns for the last 3 years certified by a CA.
  • A photocopy of Advance Tax payments (if applicable).
  • A photocopy of Registration Certificate of establishment under shops and Establishments Act/Factories Act.
  • A photocopy of Registration Certificate for deduction of Profession Tax (if applicable).
  • Bank statements of Current and Saving accounts for the last 6 months.
  • A photocopy of Certificate of Practice(if applicable).
  • A photocopy of any bank loan (if applicable).
  • A photocopy of the first and last pages of the Ration card or a copy of PAN/Telephone/Electricity Bills.

What is the Minimum eligibility for Home Loan?

  • An Indian resident or NRI
  • Above 21 years of age at the commencement of the loan
  • Below 65 when the loan matures
  • either salaried or self employed

What is Daily reducing, monthly and yearly reducing?

Annual reducing: In this system, the principal, for which you pay interest, reduces at the end of the year. Thus you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender through EMIs paid during the year. This means the EMI for the monthly reducing system is effectively less than the annual reducing system.

Monthly reducing: In this system, the principal, for which you pay interest, reduces every month as you pay your EMI.

Daily reducing: In this system, the principal, for which you pay interest, reduces from the day you pay your EMI. EMI in the daily reducing system is less than the monthly reducing system.

What is the time required for loan disbursement?

On an average, loans are disbursed within 3-15 days after satisfactory and complete documentation and completion of all relevant procedures, including proof that 15% of the cost has been paid upfront to the seller of the property.

What are the other costs that usually accompany a home loan?

Processing Charge: A fee payable to the lender on applying for a loan. It is either a fixed amount not linked to the loan or may also be a percentage of the loan amount. The loan amount required cannot be less than the processing fee.

Pre-payment Penalties: When a loan is paid back before the end of the agreed duration, a penalty is charged by some banks/companies, which is usually 2% of the amount being paid.

Miscellaneous Costs: Some lenders may levy documentation or consultant charges.

Is Co-applicant a must and who can be a co-applicant for the loan?

Most of the banks require a co-applicant on the loan. A Co-applicant can be your spouse, your parents or your son; also all co-owners of the property have to be co-borrowers without exception

What is the maximum tenor for which I can get the home loan?

Home loans are usually offered for a maximum tenor of 20 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.
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