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.
- 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
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.
|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|
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.
|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 Benefits01. 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.
Any resident Indian with a stable income and sound credit track record.
A completely digital journey with HomeCapital01. 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.