The Program


About

We are the architect of India’s first Home Down Payment Assistance (DPA) Program.

HomeCapital is founded on a simple yet powerful idea of solving the critical problem of down payment savings for home buyers. We are a technology company with a mission to accelerate home ownership for a billion home buyers. Buying your first home early has a compounding wealth effect, resulting in a happier life and an increased social security for your family.

We provide up to half of the down payment required towards purchasing your home, absolutely interest free.

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Program Highlights

  • Interest free unsecured loan payable in 12 equated monthly installments.
  • No lien on your house. No effect on your home loan eligibility
  • Accepted by the leading developers across major cities.
  • Fast and completely Digital application process

Illustrations

Example 1

Consider the home price is ₹50 lakhs, which has a down payment requirement of 10% (₹5 lakhs).


With the HomeCapital Program, you only need to pay ₹2.5 lakhs (50%) of the down payment amount. The balance amount ₹2.5 lakhs (50%) is funded by the HomeCapital Program and would need to be repaid in 12 equal monthly instalments, interest free.

ParticularsDescriptionAmount
Home Loan (80% of ₹50 lakhs)₹40 lakhs
Down Payment(10% of ₹50 lakhs)₹5 lakhs
Your Contribution₹2.5 lakhs
HomeCapital DPA₹2.5 lakhs
EMI (12 months)₹20,833
Balance Payments(10% of ₹50 lakhs) ₹5 lakhs
Total Home Price₹50 lakhs

Example 2

Consider the home price is ₹65 lakhs, which has a down payment requirement of 20% (₹13 lakhs).


With the HomeCapital Program, you only need to pay ₹6.5 lakhs (50%) of the down payment amount. The balance amount ₹6.5 lakhs (50%) is funded by the HomeCapital Program and would need to be repaid in 12 equal monthly instalments, interest free.

ParticularsDescriptionAmount
Home Loan (80% of ₹65 lakhs)₹52 lakhs
Down Payment (20% of ₹65 lakhs)₹13 lakhs
Your Contribution₹6.5 lakhs
HomeCapital DPA₹6.5 lakhs
EMI (12 months)₹54,167
Total Home Price₹65 lakhs

Note: Stamp duty to be included in initial down payment requirement in applicable states.


Program Benefits

01. Accelerated home ownership with reduced waiting time

Inadequate down payment either leads to a longer waiting period or making provisions through expensive sources such as personal loans. Our program addresses and overcomes these challenges.

02. Repay only the principal amount

You only need to repay the down payment assistance amount in 12 equal monthly instalments without any added interest. The interest is borne by the HomeCapital Program.

03. Buy the home you have always desired

With our Home Down Payment Assistance Program, you can double the amount available for your down payment.

04. Reduce your risk

Our assistance enables you to hold onto your contingency fund and enjoy peace of mind.


Eligibility Criteria

Any resident Indian with a stable income and sound credit track record.


A completely digital journey with HomeCapital

01. Apply online for the HomeCapital Program

A simple online application through web-portal or mobile will calculate your eligibility amount and give an in-principle approval in real-time.

02. Upload supporting documents

On receiving the in-principle approval, complete your application with digital KYC, and upload supporting documents.

03. Digitally sign the loan agreements

Upon successful verification of your supporting documents and credit bureau records, we assist you in digitally signing your loan agreements and EMI payment authorization.

04. Receive HomeCapital down payment assistance amount in your account

Receive the down payment assistance in your account in 24 hours upon confirmation of your booking amount payable to the developer. Once received, we assist you in transferring the money from your account to the developer's account using our partner payment gateway.

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Data Security

We use bank-level security for your protection.

Your information is encrypted with an AES 256 bit symmetric key.
Your connection to HomeCapital is always encrypted over HTTPS with Transport Layer Security (TLS). HomeCapital applications and data are physically located in multiple secure data centers. We utilize Amazon Web Services for our hosting which is compliant with numerous security certifications.

Disclaimer

The HomeCapital "Portal" and all its contents are only for the purpose of providing information regarding the HomeCapital Down Payment Assistance Program and should not be construed as binding. By using this website, you accept our Terms of Use and Privacy Policy. We are not a lending institution. All loans are made by our financial institution partners. The real estate properties listed on the Portal are not an advertisement or a solicitation and the customer shall independently review and verify the credentials of the project and/or the developer.

HCPL and it's partners reserve the right to reject any application at any time in accordance to its policies. To qualify, a borrower must be a Indian citizen and meet our financial partners underwriting requirements. To check for an applicant’s eligibility, our lending partner will request your full credit report from one or more credit bureaus. Not all applicants receive the down payment assistance. To qualify for the program, you must have a responsible financial history and meet other conditions. Assistance limits displayed are indicative, actual limits will depend on number of factors. If approved, your program assistance tenure will depend on a variety of factors, including down payment assistance amount, repayment capacity, a responsible financial history, years of experience, income, home-loan to value ratio and other factors.

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