• Home loan form
• Passport-size picture
• Identity proof
• Address proof
• Age proof
• Income proof

Contrary to popular opinion, there are various types of home loan. It is better to understand them all before you take your pick on UpOnly.in after conducting due diligence.

• Home purchase loan
  This is the most common type of loan that is availed to buy properties.
• Composite loan
  This is the loan that borrowers go for when they wish to purchase a piece of land, either for building a house or for investment.
• Home construction loan
  If you have a plot of land and wish to build a house on it, you can avail this type of home loan.
• Home improvement loan
  Want assistance to renovate or repair your current home? This is the home loan you should go for.
• Home extension loan
  If you wish to extend your home by making use of available space, go for this type of home loan.
• Interest saver loan
  This can also be termed as home loan overdraft facility, wherein the borrower’s bank account is linked to the home loan. If the borrower deposits any amount apart from the home loan EMI, it will be adjusted towards prepayment towards the home loan, thus saving up on the interest component.
• Bridge loan
  This is a short-term home loan for those who wish to purchase a new house, utilising the sales proceeds of the existing house.
• Step up loan
  This type of loan is helpful for young borrowers who invest in a home at the start of their career. Step up home loan has lower EMIs in the initial years and the amount grows over time.

If you are going to apply for a home loan search for the best lender via Uponly.in. Here are the fees and charges that are normally charged:

• Application fee:
  Charged to cover the preliminary expenses
• Processing fee:
  This covers the credit appraisal cost and depends on the scheme chosen
• Administrative fee:
  This is when the lenders divide the processing fee in two parts; the one charged after the loan has been processed and sanctioned is called the administrative fee.
• Foreclosure charges:
  This is a common one. If the borrower wishes to close the loan before the due to date, these charges are applicable.
• Repayment mode charges:
  A rare one, this charge is levied when the borrowers ask the lenders to change their repayment mode
• Rate conversion fee:
  As the name suggests, this fee is levied when the borrower asks the lenders to change the rate of interest.
• Overdue charges:
  This one is levied when there is a default in the payment of EMI
• EMI bounce charges:
  As the name suggests, this one is levied when there is no EMI payment for the said payment
• CERSAI charges:
  CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest). This is the website where lenders check if the property that has been pledged against their loans have not been sanctioned otherwise
• Franking fee:
  When loan EMIs bounce due to insufficient funds in the bank account, this fee is levied