Program benefits

If you have any questions on the program benefits

General

  • Who will be the direct beneficiary of the HomeCapital down payment assistance amount?
  • Can I use the property bought through the HomeCapital Home Down Payment Assistance Program for rental income?
  • Does availing the HomeCapital Home Down Payment Assistance Program affect my overall home loan eligibility?
  • Do I need to post any collateral with HomeCapital or its partner lending institutions to avail credit assistance under HomeCaptial’s Down Payment Assistance Program?
  • What is the maximum amount of down payment assistance that I can avail under the HomeCapital Program?
  • Can I still avail the benefits under PMAY-CLSS on buying a house with the HomeCapital Program?

Who will be the direct beneficiary of the HomeCapital down payment assistance amount?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-37-atm7wOCiQQ' data-post_id='37'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/who-will-be-the-direct-beneficiary-of-the-homecapital-down-payment-assistance-amount/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Who will be the direct beneficiary of the HomeCapital down payment assistance amount? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>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.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Can I use the property bought through the HomeCapital Home Down Payment Assistance Program for rental income?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-36-Y35VwCgBbg' data-post_id='36'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/can-i-use-the-property-brought-through-the-homecapital-home-down-payment-assistance-program-for-rental-income/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Can I use the property bought through the HomeCapital Home Down Payment Assistance Program for rental income? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>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.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Does availing the HomeCapital Home Down Payment Assistance Program affect my overall home loan eligibility?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-35-URXafx0any' data-post_id='35'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/does-availing-the-homecapital-home-down-payment-assistance-program-affect-my-overall-home-loan-eligibility/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Does availing the HomeCapital Home Down Payment Assistance Program affect my overall home loan eligibility? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>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.</p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Do I need to post any collateral with HomeCapital or its partner lending institutions to avail credit assistance under HomeCaptial’s Down Payment Assistance Program?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-34-xEKKW2ZlGZ' data-post_id='34'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/do-i-need-to-post-any-collateral-with-homecapital-or-its-partner-lending-institutions-to-avail-credit-assistance-under-homecaptials-down-payment-assistance-program/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Do I need to post any collateral with HomeCapital or its partner lending institutions to avail credit assistance under HomeCaptial’s Down Payment Assistance Program? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>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.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

What is the maximum amount of down payment assistance that I can avail under the HomeCapital Program?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-32-h8o4iHBgH3' data-post_id='32'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/how-much-maximum-home-down-payment-assistance-can-i-get-from-homecapital/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> What is the maximum amount of down payment assistance that I can avail under the HomeCapital Program? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>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. </p> <p>However, your home down payment assistance eligibility will also depend upon your credit score, current monthly income, existing loan EMIs and credit card outstanding.</p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Can I still avail the benefits under PMAY-CLSS on buying a house with the HomeCapital Program?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=4' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-31-NXVOUtHmdr' data-post_id='31'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/can-i-still-avail-benefits-under-pmay-clss-on-buying-property-through-homecapital-down-payment-assistance-program/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Can I still avail the benefits under PMAY-CLSS on buying a house with the HomeCapital Program? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>Yes, you can avail all the government benefits similar to buying the property on your own.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>