Owning your dream home is a significant milestone, and at KFS FinCorp, we strive to make it achievable for everyone. To ensure that you qualify for our housing loan offerings, we have established the following eligibility criteria:
The primary applicant should be at least 21 years old at the time of applying for the loan. The maximum age limit for loan repayment may vary depending on the specific loan product and terms.
You should have a stable and verifiable source of income to demonstrate your ability to repay the loan. Minimum income requirements may apply, and proof of income, such as salary slips, income tax returns, or business financial statements, may be required.
Depending on the loan product, you may need to be employed in a permanent or stable job for a specified period. Self-employed individuals may also be eligible, subject to meeting certain income stability criteria.
A good credit history is generally preferred, although individuals with a less-than-perfect credit score may still be considered for a housing loan. Our eligibility assessment takes into account various factors, including your creditworthiness and repayment capacity.
: The property you intend to purchase should meet the eligibility criteria set by KFS FinCorp. This includes factors such as location, type of property (residential, commercial, etc.), and legal documentation.
The loan amount you are eligible for depends on factors such as your income, creditworthiness, and the value of the property being financed. The loan-to-value ratio (LTV) may also be considered in determining the maximum loan amount.
You may be required to make a down payment towards the purchase of the property. The minimum down payment amount is usually a percentage of the property's value and may vary based on regulatory requirements and loan terms.
You will be required to provide necessary documentation, such as identification proof, address proof, income documents, property documents, and any other documents as specified by KFS FinCorp.
To determine your eligibility for a housing loan from KFS FinCorp, you can:
Visit our website and use our online eligibility calculator.
Contact our customer service team for personalized assistance and guidance.
Visit our nearest branch to speak with our loan officers and discuss your eligibility requirements in detail.
At KFS FinCorp, we are committed to helping you achieve your dream of homeownership by providing competitive housing loan options and personalized service every step of the way. Let us help you turn your dream home into a reality.