Our Loan Assures You a Home

Affordable home loan solutions that turn your dream into reality.

Home Loan Features

Features and Benefits of our Home Loan

A vast array of institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.

Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
Home Extension Loan: Should you already own a home and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture and fixtures to faulty lighting systems, a home improvement loan funds all your plans.
NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.

Types of Home Loan

1

New Home Purchase Loan

A loan designed to help you buy your dream home with ease. It covers the majority of the property cost and offers flexible repayment options with attractive interest rates.

2

Home Construction Loan

This loan finances the construction of a new home on your own land. The amount is disbursed in stages as the work progresses, ensuring funds are available at every phase.

3

Balance Transfer Loan

With this option, you can transfer your existing home loan from another bank or lender to enjoy lower interest rates, reduced EMIs, and better repayment terms.

4

Top-Up Home Loan

A convenient way to get extra funds on top of your existing home loan. It can be used for personal needs such as education, medical expenses, or business purposes.

5

Home Renovation Loan

This loan is meant for upgrading, repairing, or remodeling your home. It provides financial support for both minor improvements and major renovations.

6

Plot + Construction Loan

An all-in-one loan that finances both the purchase of a plot and the construction of a home on it. Funds are released step by step as per project completion.

Home Loan Eligibility and Documents

Read on to know the criteria required to apply for our Home Loan.

Home Loan Eligibility

The basic home loan eligibility criteria are as follows:

Age:

You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
Salaried Person – 21 years to 58 years
Self-Employed Person—25 years to 65 years

Income

Salaried Person – Minimum Rs. 10,000 per month
Self-Employed Person—Minimum Rs. 2,00,000 per year

Employment

Salaried Person—Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
Self-Employed Person – Minimum 3 years of Experience in the current field

Credit Score

A credit score of 750 is considered a good score for approval.

Documentation for Home Loan

Income Proof Documents

1. Salaried Individuals

Form 16
Employee Identity Card
3 Months Salary Slip
6 Month Bank Account Statement
Duration of Employment Evidence

2. Self-Employed Individuals

PAN
Trade License
Partnership Deed
Article of Association
Memorandum of Association
Import Export Code
SEBI Registration Certificate
ROC Registration Certificate
Financial Statement Audited by CA
Profit & Loss Account Statement
Balance Sheet
6 Months Bank Account Statement
Professional Practice License for Doctors, Consultants, etc
Registration Certificate of Establishment for Shops, Factories, and Other Establishments
Business Address Proof

3. Documents Required from all Non-Resident Indian (NRI) Applicants

Valid Passport (with visa pages)
PAN Card (or Form 60 if applicable)
Overseas Address Proof (utility bill, bank statement, driving license, etc.)
Passport-size Photographs
Latest Salary Slips (last 3 months) or Income Proof Documents
Overseas Bank Statement showing salary credits (last 3–6 months)
Indian NRE / NRO Bank Statement showing remittances
Sale Deed / Property Documents / Agreement of Sale
Allotment Letter (from builder/society)
No Objection Certificate (NOC) from Housing Society / Builder
Possession Certificate / Occupancy Certificate
Bank Account Statement of Payment Made to Seller or Builder
Power of Attorney (POA) if applicant cannot be present in India
Application Form (duly filled & signed)

EMI Calculator for Home Loan

The monthly part-payment you make towards repaying your Home Loan is called an Equated Monthly Instalment (EMI). This fixed monthly payment covers both the repayment of the principal loan amount, distributed over the loan tenure, and the agreed interest on the outstanding balance of your home loan.
The Taurus Home Loan EMI Calculator is a valuable tool to help you make well-informed decisions and plan your home loan repayments effectively. With this easy-to-use online calculator, you can instantly and accurately compute your EMI, allowing you to manage your finances and execute your home loan plan at the most optimal level.

Fees and Charges for Home Loan

The fees and charges of home loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to home loans:

Particulars	Charges
Loan Processing Fees	0.25% to 2% of Loan Amount
Loan Cancellation	Nill – 5% (according to Bank/NBFC)
Stamp Duty Charges	As per the Value of the Property and State Tax
Legal Fees	As per actual
Penal Charges	Usually 2% per month
EMI / Cheque Bounce Charges	Approx 500/-

Other fees and charges that lenders may levy on your personal loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges, and swap.

Home loan Reviews

I was struggling to arrange funds for my business when Sahil from Taurus suggested a top-up home loan. I used the loan amount to support my business, and it helped me keep things running even in difficult times.

Abhishek K.

I got my home loan through Taurus. Their comparison facility helped me choose the right option with a good tenure and reasonable interest rate. I used this loan to buy an apartment, and the overall service was smooth and reliable.

Shivnya P.

I took a home loan with the help of Taurus. The interest rate offered was very good, and as a government employee, I also got the benefit of low processing fees and minimal charges. I’m happy with the service and recommend Taurus for the best home loan options.

Rajat B.

I first used the EMI calculator on the Taurus website to check my approximate home loan EMI. I found the website very easy to use and then applied for a home loan directly through them. The process was simple and faster than what I expected.

Ajay

Home Loan FAQs

What is a home loan?

A home loan is a loan used to buy a home. It is repaid over 15 to 30 years and is secured by the property being purchased. If the borrower fails to repay, the lender can take possession of the property.

How do I qualify for a home loan?

To qualify for a home loan, you typically need a good credit score (usually above 620), a steady income, and a low debt-to-income ratio. Lenders also consider your employment history. If you meet all of the lenders perimeters than you are eligible for a home loan.

Can I prepay my home loan?

Yes, you can usually prepay your home loan in two ways such as full prepayment and part prepayment. If you have the remaining principle amount availabe with then you can fully pay the amount and close the loan or the payment also can be made in parts and the principle will be reduced by the same amount.

Is it possible to secure a 100% home loan from a bank?

No, it is not possible to secure 100% loan from the bank.However banks provide upto 90-95% of the agreement value.

What is the maximum home loan that I can get?

The maximum home loan that you can get is not capped by any amount but it is given on the basis of the agreement value and also the borrorwers income eligibilty and credit history. generally banks provide 90-95% of the agreement value.

What documentation is required for salaried professionals applying for a home loan?

Salaried professionals applying for a home loan need to provide proof of identity, address, and income, along with employment proof, Professional certificate income tax returns, property documents, bank statements,

Can I apply for a home loan jointly with a friend or family member?

Yes, you can apply for a home loan jointly with a friend or family member. Lenders generally allow spouses, parents, siblings, or any other close relatives to be joint applicants for a home loan. Some lenders may also allow unrelated individuals to apply together, provided they meet the lender's eligibility criteria. However, it's important to note that all co-owners of the property must also be co-applicants for the loan.

Who can be joint borrowers in a Home Loan?

Joint borrowers for a home loan can include family members, spouses, or any two individuals willing to take joint responsibility for repaying the loan. Lenders typically require all co-owners of the property to be co-borrowers on the loan. Having a joint borrower can help increase the loan eligibility, as the income and creditworthiness of both borrowers are considered. It's important for joint borrowers to understand that they are equally responsible for repaying the loan, and any default can affect both borrowers' credit scores.