Akme Star Housing Finance Home Loan

Last Updated : April 13, 2020, 2:23 p.m.

About Akme Star Housing Finance Home Loan

Akme Star Housing Finance Limited, incorporated in 2005, is engaged in the business of providing home loan for the purchase of buying flats, construction of a home, renovation of a house, etc. At a time when many still struggle to meet the eligibility criteria set by lenders for a home loan, here comes the company that provides finance to weaker section, finance group housing societies and Non-government Organizations (NGOs), in addition to all other individuals and organizations that get a loan from other financing institutions. In this article, we will brief you on the features & benefits of home loan for each of the purposes stated above. So, read below the information and take a call on a home loan from the housing finance company.

Home Loan Purchase of Flats or Houses/Plot for Home Construction/ Home Renovation/Home Extension

Interested to know the features and benefits of Akme Star home loan that can be availed for the purpose of buying flats or homes or plots for construction of a home, home renovation or home extension? Read the table below.

Features and Benefits

Akme Star Home Loan Eligibility Calculator

At Akme Star Housing Finance, you can get a home loan sanctioned on the following factors-

• Monthly Income
• Savings
• Property Value
• Credit History
• Employment Status for Salaried
• Business Stability for Self-employed
• Others

You can understand the working methodology of Akme Star Home Loan Eligibility Calculator with the help of an example. Suppose you are employed at a firm with a monthly salary of say ₹50,000. If you spend 40% of your monthly income, then you will come up with a savings of ₹30,000. So, while calculating the loan amount eligibility, Akme Star will take the aforesaid savings amount into consideration. Akme Star will first compute the per lakh EMI based on the prevailing rate of interest and loan tenure, followed by putting the eligible loan amount on the table.

Akme Star Home Loan EMI Calculator

Equated Monthly Installment (EMI), as we know, is a sum of interest and principal amount payable on the loan each month towards the loan. Since the EMI goes out of your pocket each month, you must be acquainted with the functioning of the calculator that computes the same. All you need is to feed loan amount, the tenure of loan and interest rate in the calculator , which will then display the EMI.

Here is an example for the loan amount ₹15,00,000 at the interest rate of 15% per annum for the tenure of 15 years:

Documentation for Akme Star Home Loan