Home Loan

About Home Loan & How Does It Work

Buying your first home with home loans is easy. A hassle-free loan application process ensures that you are informed and aware of all that goes on as you transform your dream of home ownership into reality. A dedicated relationship manager is always on-call if you need any help with understanding the process at any stage.

With flexible repayment options, you can control the amount you repay monthly. You can lower this amount by increasing the tenure, thereby, freeing up funds for other investments or needs that may arise. You can also choose a shorter term to repay the loan faster, if possible, with your existing income. Your loan application is also processed quickly. The funds can also be used to help you purchase your dream home available for re-sale.

How to Check Eligibility for Personal Loan?

Benefits Of Home Loan

Home buying is not just fulfilling your immediate need, but it is also a good investment as the property value increases over the years. Whether it is a plot, home or apartment you want to invest in, it will provide better returns over the course of time. This is one investment that will continue to pay dividends for the rest of your life.

Quick Approval

Easy Repayment

100% Transparency

5 reasons why we are the right fit for you and your home

Fast & Easy Process


We care about you


We offer attractive Home Loan interest rates


We’re flexible


We are not going to make you run around


We’ve been in the industry for a long time

Personal Loans

How to Apply for Home Loan?

  • Submit the Home loan application and the required documents.
  • You can also get in touch with VR Business Solutions representative over a phone call.
  • Offline loan applications can take a few business days to process.
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Frequently Asked Questions

Tax benefits on home loans may be availed during filing of annual income tax returns. Home loan borrowers are eligible for tax benefits on home loan as per Section 80 C of the Income Tax Act. The following tax benefits can be availed by home loan borrowers -

  • Deduction for Interest Paid on Housing Loan - The interest portion of the EMI paid for home loan in the year can be claimed as a deduction from your total income. This amount must not exceed a maximum of Rs 2 lakhs as per Section 24
  • Deduction on Principal Repayment - The Principal portion of the home loan EMI paid for the year is allowed as deduction under Section 80C. The maximum amount that can be claimed is up to Rs 1.5 lakh. However, to claim this deduction, the house property should not be sold within 5 years of possession.
  • Additional Deduction under Section 80 EEA – 2019’s Budget has introduced additional deduction under Section 80EEA for home buyers for maximum up to Rs 1,50,000, provided the stamp value of the property does not exceed Rs 45 lakhs. The loan must have been sanctioned between 1 April 2019 and 31 March 2020 to avail this benefit.

General Question

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

Yes, it is possible for you to prepay your home loan, either in part or in full, keeping the following in mind –

  • You need prior written approval of the lending authority
  • You need to consider pre-payment charges levied by your lending institution 
  • There could also be a minimum pre-payment amount limit set by your lending authority that you need to consider