Program benefits

Home buyers will be the direct beneficiaries of the home down payment assistance amount. Since, the down payment assistance is a personal loan provided by our partnering lending institutions, the amount will be directly credited into the personal account of the HomeCapital user. Upon receiving the amount, the users will have to immediately pay the down payment assistance amount to the developers through cheque or electronic payment system.

Yes, you can use the property bought through the HomeCapital Home Down Payment Assistance Program for rental purposes in the same way as bought on your own.

The HomeCapital Home Down Payment Assistance Program computes your eligibility keeping in mind the home loan requirement and stage of construction of the project. Our algorithms ensure that your home loan requirement eligibility is not affected for under-construction properties.

No, our users need not provide any collateral to avail home down payment assistance. The assistance is in the form of an unsecured personal loan whose interest is borne by the HomeCapital Home Down Payment Assistance Program.

HomeCapital Program helps home buyers by providing down payment assistance up to half of the initial down payment needs. In other words, your contribution will be equal to HomeCapital’s interest free assistance.

However, your home down payment assistance eligibility will also depend upon your credit score, current monthly income, existing loan EMIs and credit card outstanding.

Yes, you can avail all the government benefits similar to buying the property on your own.