Accounting · May 1, 2020


There is no place like home. It is essential to keep your home in a way that comforts you and calms you. Home improvement loans are to make your home a better place. Housing loans are not that difficult to secure, especially at Buddy Loans. Buddy Loan offers home finance without the need for too many pre-requisites or a long list of eligibility criteria that are even difficult to fit in. Further, the documents required for housing loans are also minimal.


The eligibility criteria to apply for a home loan are as follows:

  • The age of the applicant must be at least 21 years and must not exceed 65 years.
  • The applicant can be a salaried employee or can pursue self-employment.
  • The residence of the applicant must be within India.


The documents that are required to be submitted by an applicant for home finance are as follows:

  • Any proof of identity such as Aadhar Card, PAN Card, Passport, Driving License, or Voter’s ID can be submitted. Aadhar Card is not a must to be submitted in any of the other documents are submitted.
  • Any proof of residence such as Leave and License Agreement, Utility bill of 3 months, or Passport.
  • Any proof of income such as bank statement of at least three months to the account in which the income or salary has been credited along with income tax statements or Form 16.


Applying online home loan is more comfortable as the applicant need not go and apply for a loan in any branch physically. The process of applying online at Buddy Loan is also simple and convenient. Home loans can be applied online also from anywhere with internet access and at the time as Buddy Loan focuses on the convenience and comfort of its borrowers. The steps to apply for a home loan online in Buddy Loan are:

  • Fill in all the details relating to areas of personal, employment, further information relating to the home, and other financial details.
  • Submit the required documents like proof of identity, proof of residence, and proof of income.
  • Analyze the amount of loan that is required, and the tenure for the repayment of a loan that would be comfortable to you, and choose it.
  • If the loan application is approved, then the loan amount would be credited to your bank account within 48 hours.