GE Money Home Loan

Having a home is one of the most basic necessities in life along with food and clothing. An own house ensures protection for our loved ones both as a shelter and as an investment, whose value will only multiply in times to come. On the flipside, owning a home or a plot is not an easy task since it requires a huge financial impetus to begin with. In the wake of rising costs, owning a home often comes by means of financial support from an instrument such as home loan.

A home loan offers to fund a large chunk of costs involved in buying one and lets us repay in monthly installments of our choice. GE Money is one such company in India which offers housing loan, as a part of its retail lending portfolio. It offers home loan solutions for a wide range of housing requirements such as buying a home/apartment, ready to move in properties etc. It also offers to take over loans from other banks at attractive features and rates.

Feature & Benefits of GE Money Home Loan:

• High loan quantum: Based on the eligibility and repayment power of the applicant, one can get a loan of up to Rs.1 crore under this housing loan scheme. No matter what the requirement is, you can get a loan in funding the costs involved to a great extent.
• Maximum funding: With GE money, you can look forward to up to 85% of the property value as home loan, which implies minimal burden on your personal savings. In an urban set up, it makes sense to apply with a bank which ensures maximum funding, since prices of properties are constantly on the rise in such areas.
• Wide range of tenor options: Under this loan, you can choose a repayment tenor of your choice of up to 20 years as per your convenience. You get the flexibility to select the term on the basis of your requirements.
• Quick processing turnaround time:One of the most irritating part of availing a home loan is the time taken by banks to process the application which may run for weeks. With GE Money, you can expect quick processing and approval since it takes around 7-10 business days to make a decision on your loan application.
• Easy documentation and doorstep service: The documentation process is quite easy to fulfill since GE Money does not require elaborate documentation which itself can be a cumbersome process. Plus, you also get doorstep assistance by the representatives who ensure the documentation and paperwork is fulfilled at your convenience.
• Insurance cover: To ensure all round package, GE money has partnered with Max New York Life to offer the Credit Shield, an insurance cover for your home loan where the insurance premiums are charged along with the EMI every month. In case of death of the primary applicant, the insurer pays off the outstanding loan amount of up to Rs.20 lacs to ensure little burden on the dependents.
• Floating rate of interest:GE Money follows the system of floating rate of computing interest charges which gives you the advantage of saving money on the charges paid on the basis of latest rates. Since the rates are not fixed, you can have the advantage of being charged the current rates.