House Loans – 90% of the House Construction Will Get a Loan | Without Income Proof

House Loans

HomeFirst India is a financial institution committed to making homeownership accessible to a broader segment of the population. The company has positioned itself as a customer-centric entity, focusing on innovative solutions to traditional banking barriers. By offering up to 90% financing on house construction and not requiring income proof, HomeFirst India aims to make the dream of owning a home a reality for many who might otherwise be excluded from traditional lending channels.

Loan Details

Loan Amount

HomeFirst India offers to finance up to 90% of the property value. This high loan-to-value ratio is particularly beneficial for borrowers, as it significantly reduces the upfront financial burden. However, it is important to note that this 90% financing is only available for loans amounting to less than Rs. 30 lakhs. For loans exceeding this amount, the financing percentage may be lower, necessitating a larger contribution from the borrower’s own funds.


The loan tenure with HomeFirst India is flexible, ranging from 1 year to 25 years. This wide range allows borrowers to select a repayment period that best suits their financial situation and long-term planning. A shorter tenure means higher monthly payments but less interest paid over the life of the loan. Conversely, a longer tenure reduces the monthly payment amount, making it more manageable for some borrowers, albeit with higher total interest costs.

Also Read… House Loans – Get Home Loan Without Income Proof | For 30 Years

No Income Proof Requirement

One of the most distinguishing features of HomeFirst India’s house loan is the absence of an income proof requirement. This feature is particularly advantageous for self-employed individuals or those with informal salaries who often struggle to produce traditional income verification documents. By eliminating the need for income proof, HomeFirst India has opened the doors to homeownership for a significant segment of the population typically underserved by conventional financial institutions.

Quick Loan Approval

HomeFirst India promises loan approval within 48 hours, a remarkably swift turnaround time in the housing loan market. This rapid approval process is a considerable advantage for borrowers needing quick access to funds to secure a property. It also reduces the anxiety and uncertainty often associated with loan applications, allowing borrowers to proceed with their home-buying plans with confidence.

Benefits of HomeFirst India’s House Loans


The primary benefit of HomeFirst India’s house loan offering is increased accessibility to home financing. By providing up to 90% of the property value and not requiring income proof, HomeFirst India caters to a broader range of potential homeowners, including self-employed individuals and those with informal incomes.

Financial Relief

Financing 90% of the property value significantly reduces the immediate financial burden on borrowers. This provision allows individuals and families to pursue homeownership without depleting their savings or liquidating other assets. Additionally, the flexible loan tenure options enable borrowers to choose a repayment plan that aligns with their financial capacity and future planning.

Speed and Efficiency

The promise of loan approval within 48 hours sets HomeFirst India apart from many other lenders. This efficiency is particularly beneficial in competitive real estate markets where swift financial decisions can make the difference between securing a desired property or missing out.

Broader Implications

Housing Market Impact

HomeFirst India’s innovative loan offerings can have a profound impact on the housing market by increasing the number of eligible homebuyers. This increased demand could stimulate housing development and lead to a more vibrant and dynamic real estate market. Developers might be encouraged to invest in new projects, knowing there is a larger pool of potential buyers with accessible financing options.

Economic Inclusion

By providing loans without requiring income proof, HomeFirst India promotes economic inclusion. This approach enables individuals from diverse economic backgrounds to achieve homeownership, which can lead to greater financial stability and wealth accumulation. Homeownership is often a key factor in financial security, and by extending this opportunity to a wider audience, HomeFirst India is contributing to broader economic empowerment.

Challenges and Considerations

While the benefits of HomeFirst India’s house loan offerings are significant, there are also challenges and considerations to keep in mind. Borrowers must be diligent in their financial planning to ensure they can meet the repayment obligations over the loan’s tenure. Additionally, while the absence of income proof requirements makes loans more accessible, it also requires the lender to employ robust risk assessment strategies to mitigate potential defaults.


HomeFirst India’s house loan product represents a significant step forward in making homeownership more accessible to a broader segment of the population. By offering up to 90% financing, not requiring income proof, and promising quick loan approval, HomeFirst India addresses several barriers that traditionally prevent individuals from securing home loans. This innovative approach not only benefits individual borrowers but also has the potential to positively impact the housing market and promote economic inclusion.

As with any financial product, borrowers should carefully consider their ability to meet repayment obligations and seek professional advice if needed. Overall, HomeFirst India’s house loan offering is a promising development in the landscape of home financing, making the dream of owning a home more attainable for many.

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