In India, only 7% of our labour force is in the organized sector and the rest is in the unorganized sector. Most of the Indian labour force is self-employed, with a majority running small shops, cottage industries etc.

To overcome this, LGFC has come up with home loans exclusively tailored for the needs of self-employed people by assessment processes, whereby income is assessed through an independent source rather than through the income tax authorities.

Eligibility of Home Loans for Self Employed

You can avail a home loan of up to Rs. 100,00,000 (minimum loan amount Rs. 1 lac) but not exceeding 60% of the cost of property (including stamp duty and registration fees) or 60% of market value, whichever is lower. The actual loan amount is determined taking into various account factors such as:
» Repayment Capacity
» Age
» Educational Qualitfications
» Stability and Continuity of Income
» Number of Dependents
» Co-applicant's income
» Assests
» Liabilities
» Saving Habits and more...

Documentation Required For Home Loan

For the list of documents required. Click here

Home Loan Products: Services & Charges

To view the Services and Charges. Click here

FAQs

To view the FAQs. Click here