Home Loans

Food, Clothes & Shelter are the three basic needs of any human being. A lot of us achieve the 1st two but struggle through getting the 3rd one i.e. Shelter. A home that you can call your own is an asset for some, maybe even a lifestyle but for many, it’s a Need! Sukoba is here to help you fulfil this need of yours through our services.

Home Loans are loans given by banks and NBFCs for:

  • Acquiring a residaential/dwelling unit from a builder i.e. ready to move in or under construction. 
  • Constructing a house on the plot/land.
  • Purchasing of such property under resale.

With a high rate of different banks offering attractive home loan propositions, it becomes difficult for borrowers to understand the real benefits and choose the one best suited for them. This is where Sukoba comes in. Our services include:

  • Pre-approved Loan to help the potential buyer to look for the property within his budget. 
  • Balance (outstanding of existing loan with a lender) transfer from one lender to another to get the benefit of a lower interest rate and/or top up the existing loan for additional funds.

Usually, Home Loans are structured loans and have a well-defined process with most lenders.  The limit depends on the capacity of the potential buyer to repay the Equated Monthly Instalment (EMI) and the margin to be kept on the value of the property i.e. Loan is to Value Ratio (LTV). Lenders never finance 100% of the value of the property and require some margin/contribution from the buyer of the property which generally varies from 10% to 25%.

Depending on the borrower’s profile, we assist the potential buyer in obtaining a deal on competitive terms from the market’s Home Loan players. We also offer buyers the option of purchasing properties at discounted value put up on E-auction by Banks/NBFCs and support them throughout the process.