Bank
RAAS Housing Finance (India) Limited

RAAS Housing Finance (India) Limited is engaged in providing long term-mortgage finance for purchase, construction, extension, repairs of houses/ dwelling units, and also providing loans against residential property, commercial property and plots.

About Home Loan

Your home is a memorable place filled with memories that build and support you life’s journey, a place where you love to spend time with your dear ones and cherish those moments for lifetime. Now you can own a dream home easily with RAAS Housing Finance.

Eligibility Criteria

  • Resident of India
  • Above 21 years of age at the commencement of the Loan
  • Below 65 years of age at loan maturity
  • Either salaried or self employed
  • Eligibility is dependent on applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed property etc

Documents Required

  • Know Your Customer (KYC) documents are required for initiating the process. Based on the product selected, the other requirements are communicated by a company executive during a personal visit. Other than this the basic documents as per RBI guidelines are required.

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Loan Against Property

Unlock the potential of your property to meet your financial requirements at a competitive rate with long repayment tenure.

Eligibility Criteria

  • Resident of India
  • Above 21 years of age at the commencement of the loan
  • Below 65 years of age at loan maturity
  • Either salaried or self employed
  • Eligibility is dependent on applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed property etc
  • Loan to Value ratio (LTV) upto 70% of the property value assessed by us

Documents Required

  • Know Your Customer (KYC) documents are required for initiating the process. Based on the product selected, the other requirements are communicated by a company executive during a personal visit. Other than this the basic documents as per RBI guidelines are required.

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money