Terms and Conditions for the Home Loan Cash Offer

Hello, Welcome to Maxiloan,

Loan Type: Home Loan

Loan Amount Minimum: 75L

Salaried Profile

  • 1. Pan Card, Aadhar Card, and Address Proof
  • 2. CIBIL Score: 750 & Above
  • 3. Last 3 mon pay slips
  • 4. Bank Statement Minimum: 1 year required
  • 5. 6 Mons Minimum Bank Balance Rs 60,000/mon to be maintained and it will be changed based on the Loan amount if its above 75L
  • 6. 3 years, Form 16
  • 7. Should work in A-grade companies in Chennai
  • 8. 3 Year Experience Eertificate
  • 9. Company Relationship Proof: ID Proof, Offer Letter, and Experience Letter
  • 10. The person applying for Home Loan does not have any other loans with any banks right now.(NO LOANS)

Business / Self-employed

  • 1. Pan Card, Aadhar Card, and Address Proof
  • 2. CIBIL Score: 750 & Above
  • 3. Last 3 mon pay slips
  • 4. Bank Statement Minimum: 1 year required
  • 4. Company Registration Certificate
  • 5. 3 years of Business Continuity Proof
  • 6. GST Certificate
  • 7. Company profile
  • 8. 3 years of ITR
  • 1. 3 Year Balance Sheet
  • 2. 3 Years Form 26AS
  • 3. Auditor-signed document proof to be submitted
  • 9. Minimum bank balance: Rs 75,000/mon to be maintained and it will be changed based on the Loan amount if its above 75L
  • 10. The person applying for Home Loan does not have any other loans with any banks right now.(NO LOANS)

When applying for a home loan with Maxiloan, our Loan Master ensures a swift and efficient approval process. Your loan application will be processed and approved within 7 working days from the date of all the necessary documents collected from the applicant. It's important to note that to be eligible for the Maxiloan cash offer, applicants must meet the specified eligibility criteria mentioned above.

In the event that our Loan Master does not complete the loan processing within the seven-day timeframe, provided your loan application and documents satisfy all the criteria, Maxiloan will honor the cash offer as outlined, taking into account the location and validity date specified in the Maxiloan Cash Offer offer.

Please be aware that failing to meet any of the criteria mentioned above will result in the applicant being ineligible for the Maxiloan cash offer.

1. Offer Validity:

This cash offer, which provides expedited approval for a home loan ("Offer"), will be valid starting on September 14, 2023, and it will close without any notification or intimation to the customer.

2. Eligibility:

This offer is applicable to individuals applying for a home loan, as mentioned in the location and date.

Applicants must meet the specified eligibility criteria for a home loan mentioned on the page.

The applicant should complete his month of EMI with the lender.

3. Cash Offer Amount:

The cash offer amount of Rs. 10,000 will be given to the applicant upon meeting the specified eligibility criteria mentioned above.

4. Application Process:

Applicants must complete the standard home loan application process as required by the lender, followed by guidelines as per bank norms.

All necessary documentation and information must be provided promptly to expedite the loan approval process. If he or she fails to submit the requested document, he or she is not eligible to receive the Maxiloan cash offer.

While processing the loan application form. In case any delay in the customer in person verification side, collecting document, meetings and application process delayed or dragged more than 7 working days by the lender, it’s not eligible to receive the Maxiloan cash offer

5. Expedited Processing:

The lender will make reasonable efforts to ensure a quicker turnaround time for loan approval.

6. Loan Approval:

Approval of the home loan is subject to the lender's standard underwriting and credit approval processes.

The lender reserves the right to approve or deny the home loan application based on its internal criteria and guidelines as per bank norms. If the application fails, he or she is not eligible to get the Maxiloan cash offer.

7. Offer Eligible Locations:

The Maxiloan home loan cash offer is applicable only to the following locations at the moment.

PAN INDIA

8. Disbursement of Cash Offer:

The cash offer will be disbursed to the applicant within 90 days of the successful disbursement of the home loan.

9. Offer Termination:

Maxiloan owns the right to terminate the offer without any intimation to the user or the public. The user or visitor should keep visiting our website's Offer Terms and Conditions page frequently.

Maxiloan owns the right to change the offer price and date without informing the user/public.