DCT Multiservices LLP - Your Trusted Financial Partner
Office no 101,102 1st Floor,Mittal chamber building , jm road Shivaji Nagar 411005
manasbaranwal@gmail.com +91 8600143860

Resale Home Loan

Resale Property Financing

Own Your Perfect Pre-Owned Home Today

Looking to purchase an existing property? DCT Multiservices LLP offers specialized resale home loan solutions that make buying pre-owned homes seamless and affordable. Whether it's a flat, villa, or independent house, we provide comprehensive financing options tailored to your requirements.

Resale properties offer immediate possession, established neighborhoods, and often come at attractive prices. Our expert team conducts thorough legal and technical due diligence to ensure your investment is secure and hassle-free.

Finance Up to 80% of Property Value
Competitive Interest Rates
Immediate Possession Benefits
Expert Legal & Technical Verification
Resale Home Loan

Apply for Resale Home Loan

Complete the form below to start your resale home loan application. Our loan experts will contact you within 24 hours to guide you through the process.

Key Features & Benefits

Why choose DCT Multiservices for your resale home loan requirements

Immediate Possession

Move into your dream home immediately without waiting for construction completion. Resale properties offer ready-to-move-in convenience with established infrastructure and amenities.

Attractive Interest Rates

Benefit from competitive interest rates starting from 8.5% per annum. Choose between fixed and floating rate options based on your financial planning preferences.

High Financing Options

Get up to 80% of the property value financed, with select cases eligible for even higher loan-to-value ratios, making home ownership more accessible.

Flexible Tenure

Choose repayment periods ranging from 5 to 25 years based on your age, income, and financial comfort. Customize your EMIs to match your budget.

Comprehensive Property Verification

Our expert legal and technical teams conduct thorough due diligence on all property documents to ensure clear titles and no ownership disputes.

Zero Prepayment Charges

Enjoy the flexibility to prepay your loan partially or fully without any prepayment penalties, helping you save on interest costs.

Multiple Lender Options

Access to a wide network of leading banks and financial institutions, ensuring you get the best loan terms and interest rates available in the market.

Tax Benefits

Maximize your savings with tax deductions on principal repayment under Section 80C and interest payments under Section 24(b) of the Income Tax Act.

No Hidden Charges

Complete transparency in all processing fees, administrative charges, and terms. What you see is what you pay - no surprises or hidden costs.

Expert Advisory

Dedicated loan advisors provide personalized guidance throughout your home buying journey, from property selection to loan disbursement and beyond.

Who Can Apply for Resale Home Loan

Understanding who is eligible to apply helps you prepare your application better

Individual Applicants

You can apply for a resale home loan individually or jointly with family members. All proposed owners of the property must be co-applicants in the loan application.

  • Resident Indian citizens with regular income
  • Salaried employees working with reputed organizations
  • Self-employed professionals (Doctors, CAs, Architects, etc.)
  • Self-employed businessmen with established enterprises
  • NRIs looking to purchase property in India
Joint Applications

Joint applications increase your loan eligibility and help you qualify for higher loan amounts by combining incomes.

  • Spouse as Co-Applicant: Most common arrangement that increases loan eligibility significantly
  • Parents as Co-Applicants: Helps younger applicants qualify for larger loan amounts
  • Siblings as Co-Applicants: Brothers or sisters can jointly apply for shared property ownership
  • Children as Co-Applicants: Working children can be co-applicants with parents
Important Points to Note
Property Owners: All proposed owners must be co-applicants, but all co-applicants need not be co-owners
Family Members: Generally co-applicants are close family members like spouse, parents, or children
Income Combining: Co-applicant's income is considered for calculating loan eligibility
Age Consideration: Co-applicant cannot be a minor; age limits apply for loan tenure
Pro Tip

Adding a co-applicant with good income and credit history can significantly improve your loan eligibility and help you secure better interest rates. However, ensure all co-applicants understand their joint liability for the loan repayment.

Eligibility Factors for Resale Home Loan

Multiple factors determine your loan eligibility and the quantum of loan you can receive. Understanding these helps you prepare better.

Application Information

The information provided in your application form is thoroughly verified through multiple channels including interviews, employer verification, and database checks. Any discrepancy or incorrect information can lead to loan rejection.

Important: Always provide accurate and complete information in your application to avoid delays or rejection.
Financial Status

Your financial health is crucial for loan approval:

  • Income level and stability
  • Net income after all deductions
  • Existing financial liabilities (loans, credit cards)
  • Debt-to-income ratio
  • Savings and investment history
  • Bank account balance and transaction patterns
Income Requirements

Minimum income criteria vary by location:

  • Metro Cities: Minimum ₹30,000 - ₹40,000/month for salaried
  • Tier 2 Cities: Minimum ₹25,000 - ₹30,000/month for salaried
  • Self-Employed: Minimum annual income of ₹3-4 lakhs
  • Fixed and certain source of income is mandatory
Credit History

Your credit score plays a vital role:

  • Minimum credit score: 650 (700+ preferred)
  • Clean repayment history on existing loans
  • No defaults or late payments
  • Credit utilization ratio
  • Lenders maintain database for cross-verification
Personal Profile

Various personal factors are evaluated:

  • Educational qualifications
  • Professional background and stability
  • Number of dependents (affects repayment capacity)
  • Assets owned and their value
  • Overall lifestyle and spending patterns
Age Criteria

Minimum Age: 21 years at the time of application

Maximum Age: 65-70 years at loan maturity

Impact on Tenure: Younger applicants can get longer tenures; older applicants have shorter available tenures

Example: If you're 45 years old and retire at 60, maximum loan tenure available is 15 years. Similarly, if a co-applicant is 60 years old with a 75-year age limit, the maximum tenure is 15 years.
Property Related Factors
Property Location: Banks have specific norms for different locations. Properties in well-developed areas are preferred.
Property Area: Minimum built-up or carpet area requirements must be met (typically 300-500 sq ft minimum).
Property Age: Maximum age limit of 40-50 years for resale properties. Older properties may get lower loan amounts or rejection.
Legal Verification: Clear title, no ownership disputes, no encumbrances, and all legal documents must be in order.
Maximizing Your Eligibility
  • Add a co-applicant with good income
  • Clear existing small loans before applying
  • Maintain a healthy credit score
  • Choose properties in prime locations
  • Ensure all property documents are complete
  • Show stable income for last 2-3 years

Required Documents

Keep these documents ready to expedite your resale home loan application process

KYC Documents

Identity Proof (any one):

  • PAN Card (mandatory)
  • Aadhaar Card
  • Passport
  • Voter ID Card
  • Driving License

Address Proof (any one):

  • Aadhaar Card
  • Passport
  • Latest utility bills (not older than 3 months)
  • Ration Card
  • Registered rent/lease agreement
Income Proof - Salaried
  • Latest 3 months salary slips (company certified)
  • Form 16 for last 3 financial years
  • Income Tax Returns (last 3 years)
  • Bank statements (last 6 months)
  • Employment certificate / appointment letter
  • Employee ID card (copy)
Business Documents - Self Employed
  • Audited financial statements (last 3 years)
  • Income Tax Returns with computation (3 years)
  • Business bank statements (12 months)
  • Business proof (registration, license, GST)
  • Business and personal profile
  • Partnership deed (for partnership firms)
  • MOA & AOA (for private limited companies)
Property Documents
  • Sale agreement between buyer and seller
  • Previous sale deed of the property
  • Chain of property documents (last 13 years)
  • Approved building plan
  • Occupancy certificate
  • Society NOC (if applicable)
  • Encumbrance certificate
  • Property tax receipts (last 3 years)
Additional Documents (if applicable)
  • Co-applicant documents
  • Processing fee payment proof
  • Passport size photographs
  • Existing loan closure documents
  • Gift deed (if using gifted funds)
  • NRI documents (if applicable)
  • Maintenance receipts
  • Society share certificate
  • Power of attorney (if applicable)
Document Submission Guidelines
  • Keep both original and self-attested photocopies
  • Ensure all documents are current and not expired
  • Documents must be clear, legible, and complete
  • All pages of documents should be submitted
  • Property documents must be free from litigation
  • Bank statements should show regular income
  • ITR acknowledgments must be included
  • Our team will verify documents before submission

Frequently Asked Questions

Find answers to common questions about resale home loans

A resale home loan is specifically designed for purchasing existing or pre-owned properties from their current owners. Unlike new home loans for under-construction properties, resale loans offer immediate possession and financing for ready-to-move-in homes. These properties can be in cooperative housing societies, privately owned, or apartment associations. The key advantage is that you get an established property in a developed area with existing infrastructure and amenities.

Most banks and financial institutions sanction home loans only for resale properties that are less than 40-50 years old at the time of application. The property age is calculated from its original construction date. Properties older than this limit may face rejection or receive significantly lower loan amounts. Additionally, the remaining life of the property affects the loan tenure - the property should have a residual life of at least 20-30 years after the loan tenure ends.

For resale properties, lenders typically offer 75-80% of the property value as loan amount (Loan-to-Value ratio). In select cases, depending on your profile, property location, and lender policies, you may be eligible for up to 90% financing. The remaining 10-25% needs to be arranged as down payment from your own sources. Higher down payment often helps in negotiating better interest rates and loan terms.

For floating rate resale home loans, there are generally no prepayment or foreclosure charges as per RBI guidelines. You can prepay partially or fully close your loan without any penalty. However, for fixed rate loans, some lenders may charge 2-4% of the outstanding principal as prepayment penalty. We recommend discussing these terms upfront and choosing lenders with zero prepayment charges to maintain flexibility in your loan repayment.

Banks conduct comprehensive legal and technical verification of resale properties. They check: (1) Clear and marketable title of the property with chain of ownership for last 13 years, (2) Encumbrance certificate ensuring no existing loans or liabilities, (3) Approved building plan and occupancy certificate, (4) Society NOC if applicable, (5) Property tax receipts showing regular payments, (6) No pending litigation or disputes on the property, (7) Proper mutation of property records. Our team assists with complete document verification before bank submission.
DCT Multiservices LLP - Your Trusted Financial Partner

Our Office

Office no 101,102 first floor Mittal chamber building near Panchali hotel jm road Shivaji Nagar 411005

+91 8600143860

+91 7030143860

manasbaranwal@gmail.com

sales@dctfinmultiservices.com

backoffice@dctfinmultiservices.com

manas@dctfinmultiservices.com

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