Loan Services
Home loans for buying, building or taking over an existing loan
A home loan lets you buy a ready house or flat, build on a plot you already own, or move an existing loan to a lender charging less. RUKKU arranges home loans across five Tamil Nadu districts, handles the paperwork, and follows the file through to disbursement.
Home loans are the single largest category we handle, and they are also where local knowledge matters most. Whether a lender will fund a property depends heavily on the layout's approval status and the guideline value in that taluk — two things that vary street by street in Erode and Namakkal.
If you are buying in an approved layout, the file is usually straightforward. If you are buying agricultural-converted land, a property in a gramma natham area, or a house built without complete approvals, the lender list narrows sharply. We check this at the start rather than after you have paid an advance.
- Typical tenure
- Up to 30 years
- Funding share
- Usually 75–90% of property value
- Common uses
- Purchase, construction, plot + construction, balance transfer, top-up
- Security
- The property being financed
Who this suits
- Salaried applicants with at least two years of work history, or self-employed applicants with two to three years of filed returns
- Age broadly between 21 and 60 at the time of the final instalment, depending on the lender
- A credit score that the lender is comfortable with — we check this before applying, not after
- A property with a clear title and an approval the lender recognises
Documents required for home loan
Common KYC documents
- Aadhaar card
- PAN card
- Active mobile number
- Email ID
- Address proof, if required
For salaried applicants
- Latest 3 months' salary slips
- Salary certificate, if applicable
- Latest 12 months' bank statement
- Form 16 or other income documents, if required by the lender
For business / self-employed applicants
- Udyam / MSME certificate, where applicable
- Business registration certificate / RC, where applicable
- Complete ITR for the last 3 years
- GST 3B returns for the last 12 months, if applicable
- GST registration certificate
- Latest 12 months' bank statement
- Business financial statements, if required
Property documents
- Sale agreement / agreement copy
- Sale deed / title document
- Parent documents / previous title documents
- Patta
- Encumbrance certificate (EC)
- Property tax receipts, if required
- Approved building plan
- DTCP approval, where applicable
- Building construction estimate, for construction or plot-plus-construction loans
- Land-related documents
- Other legal and technical documents requested by the lender
The EC period a lender asks for varies by lender and by the property's history — some ask for 13 years, others go back to January 1987. We confirm the exact period your file needs before you request it from the sub-registrar's office.
Exact requirements vary by lender, employment profile and loan amount. We confirm the precise list for your file before anything is submitted, so nothing comes back for a missing page.
Home Loan — common questions
Yes. This is a construction loan, and the money is released in stages as the building progresses rather than all at once. You will need an approved plan and an engineer's estimate. RUKKU can prepare both, since we also build.
A balance transfer moves your outstanding loan to a different lender at a lower rate. It is worth doing when the rate difference is meaningful and you still have a long tenure left. If only a few years remain, the processing and legal costs usually eat the saving. We will run the actual numbers for your loan before you commit.
Most lenders fund 75 to 90 percent of the value they assess, not the price you negotiated. Registration charges and stamp duty are generally not funded. Plan for the gap in advance.
With complete documents, sanction commonly takes one to three weeks and disbursement follows the legal and technical check. Files stall almost always because of property documents, not income documents.
Tell us what you need
A loan, a building, a plot — start with a conversation. We will tell you plainly whether we can help and what it will cost.