To apply for an Aavas Finance Mortgage Loan you need to take the following steps:

1. Visit your nearest Aavas Finance branch and fill the mortgage loan form.
2. Submit documents such as KYC, Financial, and Property need to be submitted
3.  This NBFC then initiates the mortgage loan process that includes legal and technical verification 
4.  The mortgage loan eligibility is determined. Following which Aavas Finance provides you with a sanction letter. It includes the following details sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. The necessary documents are verified, a mortgage loan disbursement is raised, and a disbursement cheque is issued.  

There are a few documents that you need to submit while applying for an Aavas Finance Mortgage Loan. They are given in tabular form below

Since Aavas Finance provides you with a Mortgage Loan at attractive lowest minimum interest rates and flexible loan tenure. It is advisable that you select Aavas Finance Mortgage Loan.

After you submit all the required documents and verification, it will take Aavas Finance about 3 – 4 weeks to sanction a mortgage loan.

You have a minimum CIBIL score of 700 and above is what you need to secure an Aavas Finance Mortgage Loan.

Aavas Finance usually provides for a loan amount Upto 55 % of the property value

There is essentially no requirement for a co-applicant while applying for an Axis Finance mortgage loan . Moreover, if you have one it does help in enhancing your loan eligibility and proving your ‘Creditworthiness’ to the lender. Also, you need to understand that it is usually a ‘Co-owner’ of a property who must be a ‘Co-applicant’.

The rate of interest for Aavas Finance Mortgage Loan is Floating interest rate which is linked
to MCLR ( MARGINAL COST OF FUNDS BASED LENDING RATE )
Therefore it will change every time the repo rates get reused by the regulator.

If you have IT returns of three financial years to show. However, you can secure it even if you do not have IT returns. If you are seeking a small mortgage loan amount and you have a good CIBIL score to prove that you are ‘Creditworthy’.

On applying and submitting all the necessary documents for Aavas Mortgage Loan it will take about 1 to 2 working days for this NBFC to disburse this mortgage loan.

A few important additional details about Aavas Finance Mortgage Loan that you need to know are given below: 

1. Features of Aavas Mortgage Loan:

   There are a few salient features of Aavas Mortgage Loan. They are as given below: 

   1. Provides attractive lowest minimum interest rates 
   2. Flexible loan repayment tenure 
   3. Offers higher mortgage loan amount