Home Loan

₹1 Cr & Above in 24 Hours

Apply Now Secured & Unsecued Business Loans & Business loans without security for SMEs & MSMEs

Why Choose Kfis?

We Channeled With

Who Can Apply?

CIBIL Score of 700 or higher

Business operational for 2+ years

12 months bank statement

Monthly GST sales returns

Who can get Home Loan with Kfis?

Professional Doctors
Clinics & hospitals
Engineers, Architects, Chartered Acc
Manufacturers of Industries
Factory & Industries
Traders in All Sectors
Project contractors
Suppliers
Distributors & Dealers
Wholesalers & Retailers

Super markets
Showrooms
Boutiques
Hotels & Restaurants
Pharmacy
Schools & Colleges ( Trusts )
Business Consultants
Supply Chain & Logistics
Transport contractors
Information Technology (IT companies) Etc...

Home Loan Who Apply

Eligibility Criteria for Home Loan

Age Limit: Minimum age: 21 years; Maximum age: 60-65 years at loan maturity.
Indian Citizenship: Must be a Resident Indian or Indian Citizen (NRIs may apply).
Stable Income: Salaried or self-employed applicants with a stable income or business for 2+ years.
Credit Score: Minimum 650-700 credit score for loan approval with better terms for higher scores.
Property Eligibility: Loan applies for residential properties with clear legal titles.
Debt-to-Income Ratio: 40-50% of your monthly income should be the upper limit for total debt obligations.
Co-applicant: A co-applicant can strengthen your loan application (e.g., spouse, family member).

Documents Required for a Home Loan

Identity Proof: Aadhar card, PAN card, Passport, or Voter ID to verify your identity.
Address Proof: Aadhar card, Passport, Utility Bills, or Rent Agreement to confirm your residence.
Income Proof: Salary slips, ITR, or Bank Statements for the last 3-6 months to validate your income.
Property Documents: Sale deed, Property title deed, and Approved building plans for the property you are purchasing.
Bank Statements: Last 6 months of bank statements to show financial stability and consistency in income.
Credit Report: A Credit Report showing your credit score to evaluate your loan eligibility and history.
Employment/Business Proof: Employment letter or Business registration documents to verify your job/business stability.

Features of a Home Loan

Loan Amount 💰: Borrow up to 80-90% of the property’s value.
Interest Rates 📉: Choose between fixed, floating, or hybrid rates.
Loan Tenure 🗓️: Repayment periods range from 10 to 30 years.
Tax Benefits 💸: Claim deductions on interest and principal repayment.
Eligibility ✅: Based on age, income, and credit score.
Collateral 🏠: The property itself secures the loan.
Processing Fees 📝: Pay administrative and paperwork charges.
Prepayment Options 💳: Early repayment possible with or without penalties.

First-Time Home Buyer Loans

Affordable Interest Rates 💰 – First-time buyers often benefit from lower interest rates.
Lower Down Payment 💸 – These loans may require a smaller down payment compared to traditional loans.
Tax Benefits 🏠💼 – You can claim tax deductions on both principal and interest repayments.
Easier Eligibility ✅ – Lenders offer more lenient criteria for first-time buyers.
Government Subsidies 🏛️ – Some programs offer additional financial support or subsidies.
Longer Loan Tenure ⏳ – Extended repayment periods make monthly payments more manageable.
Fixed or Variable Rates 🔄 – Flexibility to choose between fixed or adjustable interest rates.
Guidance and Support 🤝 – Lenders often provide expert advice to guide you through the process.

Home Improvement Loans

Renovation Funding 🏠🔨 – Helps finance home repairs or improvements like kitchen remodeling.
Flexible Loan Amounts 💸 – Loans are available in various amounts based on your needs.
Easy Application Process 📝 – Simple documentation and quick approval processes.
Low Interest Rates 💰 – Home improvement loans often offer competitive interest rates.
Tax Benefits 🏡💼 – Some interest payments may be eligible for tax deductions.
Increased Property Value 📈 – Improvements can boost the value of your home.
Shorter Loan Tenure ⏳ – Repayment periods are often shorter compared to home purchase loans.
Collateral-Free Option 🏠💳 – Some loans do not require property as collateral, depending on the amount.

Balance Transfer Options

Lower Interest Rates 💸 – Transfer your home loan to secure a reduced interest rate.
Reduce EMI Amount 🏠💰 – A balance transfer can lower your monthly repayment amount.
Simplified Loan Management 🔄 – Combine multiple loans into one, making it easier to manage.
Longer Repayment Tenure ⏳ – You can extend the loan tenure to ease monthly payments.
Hassle-Free Process 📝 – Simple paperwork and quick approval for transferring your loan.
No Prepayment Penalties ❌💵 – Many lenders waive off prepayment charges during a transfer.
Improve Loan Terms 📊 – Transfer to a lender offering more favorable terms and conditions.
Avail Additional Top-Up ➕ – You can also get additional funds on your existing loan when transferring.

NRI Home Loans

Property Purchase in India 🏡🌏 – NRI home loans help you buy property in India, even while living abroad.
Competitive Interest Rates 💰 – These loans offer attractive interest rates for NRIs.
Loan in Indian Rupees ₹ – Loans are provided in Indian Rupees, making it easier for NRIs to repay.
Flexible Repayment Options 🔄 – You can repay through NRE/NRO accounts or foreign income sources.
Tax Benefits 🏠💼 – Avail tax deductions on home loan principal and interest repayments in India.
Longer Loan Tenure ⏳ – Extended repayment periods to suit the financial comfort of NRIs.
No Prepayment Penalties 🚫💵 – Many lenders do not charge for prepaying the loan early.
Easy Documentation 📝 – Simple documentation requirements for NRIs with valid proof of income and status.

Top-Up Loans

Additional Loan Amount ➕💸 – Get extra funds on your existing home loan for various needs.
Lower Interest Rates 💰 – Top-up loans usually have lower rates compared to personal loans.
Flexible Usage 🛠️ – Use the funds for home renovation, education, or other personal expenses.
Simple Documentation 📝 – Minimal paperwork required for securing a top-up loan.
No Need for New Property 🏠🚫 – The loan is based on your existing property, not a new one.
Easy Approval ✅ – Fast approval process for customers with a good repayment history.
Longer Repayment Period ⏳ – You can extend the loan tenure for easy monthly installments.
Boosts Credit Score 📈 – Timely repayment of the top-up loan can improve your credit rating.

Home Extension Loans

Expand Your Space 🏠➕ – Finance the addition of extra rooms or floors to your home.
Lower Interest Rates 💸 – Home extension loans usually offer attractive interest rates.
Flexible Loan Amounts 💰 – Loans are available based on the estimated cost of the extension.
Easy Documentation 📝 – Simple paperwork to apply for the loan.
Tax Benefits 🏡💼 – Eligible for tax deductions on both principal and interest repayments.
Increase Property Value 📈 – Adding extra space can significantly increase the value of your home.
Longer Tenure Options ⏳ – You can opt for longer repayment periods to make the loan affordable.
Quick Approval ✅ – Fast loan approval and disbursal to get your extension project started.

Plot Loans

Buy Land for Construction 🏞️ – Finance the purchase of land for building your dream home.
Competitive Interest Rates 💰 – Plot loans offer attractive and affordable interest rates.
Flexible Loan Amounts 💸 – Loans are provided based on the cost of the land you wish to purchase.
Long Repayment Tenure ⏳ – Repayment periods are usually extended, making it easier to manage monthly installments.
Simple Documentation 📝 – Minimal paperwork required to apply for a plot loan.
No Immediate Construction Requirement 🚫🏗️ – You can buy the plot without immediate obligation to build on it.
Increase Land Value 📈 – Land purchased can appreciate in value over time, making it a good investment.
Tax Benefits 🏡💼 – Eligible for tax deductions on both principal and interest payments under certain conditions.

Home Construction Loans

Build Your Dream Home 🏗️ – Finance the construction of a home on your purchased land.
Stage-wise Disbursement 💸 – Funds are disbursed in phases as construction progresses.
Competitive Interest Rates 💰 – Home construction loans often come with lower rates compared to personal loans.
Flexible Loan Amounts 💸 – Loan amount is based on the estimated cost of construction.
Longer Loan Tenure ⏳ – Repayment periods can be extended, making monthly payments easier.
Tax Benefits 🏡💼 – You can avail tax deductions on both principal and interest repayments.
Simple Documentation 📝 – Minimal documentation is needed for approval and disbursement.
No Immediate Need for Property 🚫🏠 – You can secure the loan before completing your property construction.

Home Loan for Self-Employed Individuals

Flexible Eligibility Criteria ✅ – Home loans for self-employed individuals often have relaxed eligibility standards.
Income Consideration 💼 – Loan approval is based on your business income and financial stability.
Competitive Interest Rates 💰 – Self-employed individuals can access home loans with attractive interest rates.
Tax Benefits 🏡💼 – You can claim tax deductions on both principal and interest repayments.
Longer Loan Tenure ⏳ – Extended repayment periods are available, reducing the monthly burden.
Simplified Documentation 📝 – Basic documents like business income proof and tax returns are required.
Higher Loan Amount 💸 – Based on your financial profile, you may qualify for a larger loan amount.
Credit Score Impact 📊 – Timely repayments can boost your credit score and business credibility.

Home Loan for Salaried Individuals

Stable Income Consideration 💼 – Loan approval is based on regular salaried income, making eligibility easier.
Competitive Interest Rates 💰 – Salaried individuals often get home loans with attractive interest rates.
Quick Processing ⏱️ – Fast approval and processing due to stable income verification.
Tax Benefits 🏡💼 – Eligible for tax deductions on both principal and interest repayments.
Longer Loan Tenure ⏳ – Flexible loan tenure options to manage affordable monthly payments.
Minimal Documentation 📝 – Basic documents like salary slips and bank statements are sufficient.
Higher Loan Amount 💸 – Based on your salary, you may qualify for a larger loan amount.
Boosts Credit Score 📈 – Consistent repayments help improve your credit rating over time.

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   Kfis - Business Loan Chennai Upto 5Cr | Unsecured MSME Loan | Home Loan | Loan Against Property | Mortgage Loan
   43 Google reviews 
  Write a review 
  
 
 
   
 
 
        
   Deva Dharshini 
 2024-12-18
 
 
 Trustindex verifies that the original source of the review is Google. I had a great experience with Kfis when applying for an unsecured business loan. The process was simple, and I didn’t need to provide any collateral. Their team was very helpful and guided me through each step. I got the funding I needed quickly, which helped me expand my business. I highly recommend Kfis for anyone looking for fast, unsecured business loans in Chennai.
  
 
       
   Nilfee Payments 
 2024-12-05
 
 
 Trustindex verifies that the original source of the review is Google. Best Business Loan Service Providers in Chennai. From application, document sorting and financial advice they are experts. Thanks to Khannan Finance.
  
 
       
   Swaroop Chandrasekar 
 2024-11-26
 
 
 Trustindex verifies that the original source of the review is Google. Kfis has been a lifesaver for my business! Their Unsecured Business Loan in Chennai was approved in just 72 hours, allowing me to invest in essential equipment without any collateral. The team was supportive and guided me through every step of the process. Highly recommend their services!
  
 
       
   Abishek G 
 2024-08-21
 
 
 Trustindex verifies that the original source of the review is Google. Kfis offers the best business loans in Chennai! Their quick approval and flexible repayment options helped me manage my cash flow effectively. 💼
  
 
       
   m sankar 
 2024-08-20
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Kfis for business loans in Chennai! Their quick approval process and no collateral requirement made it easy for me to access funds.
  
 
       
   BN13_6032_KARAN 
 2024-08-20
 
 
 Trustindex verifies that the original source of the review is Google. I was amazed at how easy it was to get an unsecured business loan from Kfis! The documentation was minimal, and I got approval in just 72 hours. Great service! 🚀
  
 
       
   Valasubramanian Palanikumar 
 2024-08-20
 
 
 Trustindex verifies that the original source of the review is Google. Kfis made my business dreams come true! Their unsecured business loan process was seamless and quick. I received the funds I needed within 72 hours without any collateral. Highly recommend Kfis for anyone in Chennai! 🌟
  
 
       
   GR 010 RAJ 
 2024-08-20
 
 
 Trustindex verifies that the original source of the review is Google. Thanks to Kfis, I secured an MSME business loan effortlessly! Their team guided me through the entire process, making it stress-free. Now, my business is thriving! 💼
  
 
       
   Prasanna ag 
 2024-07-12
 
 
 Trustindex verifies that the original source of the review is Google. Very good service and solutions given by Asha Mam.Highly recommend them for all your Financial and Working Capital needs.

Frequently Asked Question

What types of home loans does KFIS offer?

KFIS offers a variety of home loan products, including first-time home buyer loans, home improvement loans, balance transfer options, NRI home loans, and more.

What is the eligibility criteria for a KFIS home loan?

Eligibility depends on factors such as your age, income, credit score, employment type (salaried or self-employed), and the value of the property you wish to buy.

What documents are required for a home loan application?

Typically, you will need proof of identity, proof of income (salary slips or business income), bank statements, property documents, and other financial documents.

Can I apply for a home loan if I am self-employed?

Yes, KFIS provides home loans for self-employed individuals, where your business income and financial stability will be considered during the approval process.

What is the process for a home loan balance transfer with KFIS?

KFIS offers balance transfer options where you can transfer your existing home loan to them for a lower interest rate. You will need to provide details of your current loan and submit a request for transfer.

Can NRIs apply for a home loan with KFIS?

Yes, KFIS offers home loans to Non-Resident Indians (NRIs) for purchasing property in India, with simple documentation and flexible repayment options.

Areas we serve

Avarampalayam
Avinashi Road
ATT Colony
Govt Arts College Road
Avaram Palayam Road
Bharathi Colony
Big Bazaar Street
Bharathi Nagar
Bharathi Park Road
Bharathiyar Road
Cheran Ma Nagar
Codissia
Chinnavedampatti
Damu Nagar
Dr Jaganathan Nagar
Eachanari Road
Edayar Street
Edayarpalayam
Ganapathy
GN Mills
GV Residency Road
Gandhipuram
Goods Shed Road
GKS Nagar
Gurusamy Nagar Road
Huzur Road
Jagannatha Nagar
Kamaraj Road
Kavundampalayam
Kothari Layout

Krishna Colony
Kurichi
Kalapatti
Koundampalayam
Krishnaswamy Nagar
Kurumbapalayam
Kalappanaickenpalayam
Kovai Pudur
KK Pudur
Koyampattur
Kuniamuthur
Lakshmi Mills Junction
Lakshmi Nagar
MTP Road
Madukkarai
Maruthamalai Road
Mettupalayam Road
Dr Nanjappa Road
Nehru Nagar
Dhamu Nagar
Navavoor Pirivu
NGGO Colony
Ondipudur
Pappanaicken Pudur
Pappanaickenpalayam
Periasamy Road
Podanur
P.N.Palayam
Pappanaicken Pudur
Palathurai Road

Pannimadai
Perur Main Road
Puliakulam
Peelamedu
Puliakulam Road
RS Puram
Ramanathapuram
Rathinapuri
GD Layout
Rajiv Gandhi Nagar
Ramasamy Nagar
Redfields
Ram Nagar
Race Course
Saibaba Colony
Sakthi Nagar
Sanganur Pallam
Saravanampatti
Sathy Road
Selvapuram
SIHS Colony
Singanallur
Siruvani Main Road
SITRA
Sivananda Colony
Sowripalayam
Sri vignesh nagar
Sugar Cane Institute Road
Sundarapuram
Sungam

Swamy Iyer New Street
Vellalore Road
Tatabad
Thudiyalur
Teachers Colony
Telungu Palayam Road
Thondamuthur Road
Trichy Road
Thadagam Road
TVS Nagar
Ukkadam
Uppilipalayam
Vedapatti Road
Velandipalayam
VOC Nagar
Vadavalli
Vellakinar Road
Vilankurichi Road
Vellalore
Vinayaka Street
Varadharajapuram
VKK Menon Road
W Club Road
Selvapuram North
Singanallur
Sowripalayam
Sukrawar Pettai
and others All Coimbatore Areas We Serve