Plain-language summary: We are a free advisory service — not a bank. We help you compare loans, but we cannot guarantee approval. Interest rates on this site are indicative. Your loan is granted by the bank, not by us. We earn a referral fee from the bank, not from you.
Acceptance of Terms
These Terms and Conditions ("Terms") govern your access to and use of the website at www.basichomesloan.com (the "Site") and all services provided by Basic Homes Loan ("we," "us," "our").
By accessing the Site, submitting any form, clicking any button, or engaging with any interactive feature — including the EMI calculator, lead enquiry form, WhatsApp link, or call button — you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy.
If you do not agree to these Terms, you must not use the Site or our services. We reserve the right to refuse service to any person at any time for any reason.
About Our Service
Basic Homes Loan is an independent home loan advisory and Direct Selling Agent (DSA) service based in Bengaluru (Bangalore), Karnataka, India. We are not a bank, Non-Banking Financial Company (NBFC), or direct lender.
Our services include:
- Comparing home loan and Loan Against Property (LAP) offers from 20+ banks and NBFCs on your behalf
- Providing personalised loan recommendations based on your profile
- Assisting with the documentation and application process as a DSA
- Doorstep document collection service in Bangalore
- Free EMI and loan eligibility calculations (indicative only)
Our advisory service is provided free of charge to you, the borrower. We earn a referral fee from the lending institution when a loan is successfully disbursed to you. This fee is paid by the bank and does not affect your loan terms, interest rate, or any charges you pay to the bank.
Eligibility to Use This Site
By using this Site, you represent and warrant that:
- You are at least 18 years of age
- You are a resident of India
- You have the legal capacity to enter into binding agreements under Indian law
- You are seeking information about home loans or loans against property for lawful purposes
- All information you provide to us through the Site is accurate, current, and complete
This Site is intended for use by individuals seeking personal home loan or loan against property products in Bangalore. It is not intended for corporate treasury operations, real estate developers seeking project finance, or any purpose other than individual residential or commercial property lending.
Advisory Nature — No Guarantee of Loan Approval
Important: Basic Homes Loan does not approve, sanction, or disburse loans. All loan decisions — including approval, rejection, loan amount, interest rate, and tenure — are made solely and entirely by the lending bank or NBFC, subject to their credit policies and eligibility criteria.
Our recommendations are based on information you provide and our experience with various lender products. However:
- We cannot guarantee that any lender will approve your loan application
- We cannot guarantee any specific interest rate, loan amount, or loan tenure
- Loan processing timelines mentioned on the Site (e.g., "24-hour approval") are indicative and based on typical cases — actual timelines may vary
- Our EMI calculator and eligibility calculator provide estimates only and should not be relied upon as financial advice
- Bank offers and products are subject to change without notice
You should independently verify all loan terms, conditions, and charges directly with the lending institution before accepting any loan offer. We strongly recommend seeking independent financial advice if needed.
Interest Rates & Figures Disclaimer
All interest rates, EMI figures, loan amounts, savings comparisons, and financial figures displayed on this Site are:
- Indicative only — actual rates depend on your credit profile, income, property value, bank's internal policies, and prevailing RBI repo rate
- Subject to change without prior notice — bank lending rates change frequently
- Conditional — all rates are marked with an asterisk (*) indicating that terms and conditions apply
- Not guaranteed — the rate you receive may be higher or lower than any rate mentioned on this Site
Rate comparisons against competitor banks (e.g., "SBI Direct," "HDFC Direct") are based on publicly available information and are provided for illustrative purposes only. They are not real-time and may not reflect the rate a specific individual would receive.
The ₹12L+ savings claim and similar savings comparisons are based on a specific illustrative scenario (₹50L loan, 20-year tenure, specific rate differential) and will vary significantly based on individual loan terms.
Your Obligations as a User
By using the Site and our services, you agree that you will:
- Provide accurate, complete, and truthful information in the lead form and during any advisory interaction
- Not submit multiple enquiries with different information to manipulate or test our systems
- Not use the Site for any unlawful purpose or in any way that violates applicable Indian laws
- Not attempt to reverse-engineer, scrape, copy, or replicate any part of the Site's content, design, or data
- Not use automated tools, bots, or scripts to interact with the Site
- Notify us promptly if any information you have provided changes materially before your loan is processed
You acknowledge that providing false or misleading information to us or to the lending institution through our referral is a serious matter and may result in loan rejection, legal consequences, and reporting to credit bureaus.
Intellectual Property
All content on this Site — including but not limited to text, layout, design, graphics, logos, copy, the EMI calculator, eligibility calculator, data tables, and all other features — is the property of Basic Homes Loan and is protected under applicable Indian intellectual property laws.
You are permitted to access and view the Site for personal, non-commercial use. You may not:
- Copy, reproduce, distribute, or republish any content from the Site without prior written permission
- Use the Site's content or design to create a competing service
- Remove or alter any copyright, trademark, or other proprietary notices
- Frame or mirror this Site on any other website without written consent
Bank logos displayed on this Site are the property of their respective institutions and are used solely for the purpose of identifying our lending partners. Their use does not imply endorsement or partnership beyond our DSA relationship.
Limitation of Liability
To the maximum extent permitted by applicable Indian law, Basic Homes Loan shall not be liable for any loss or damage arising from:
- Your reliance on any rate, EMI figure, or eligibility estimate displayed on the Site
- A lending institution's decision to reject your loan application
- Changes to interest rates or loan products by any bank or NBFC after you have been given an indicative quote
- Any delay in loan processing by the lending institution
- Technical errors, downtime, or unavailability of the Site
- Unauthorised access to data you have submitted, provided we have taken reasonable security measures
- Any decision you make based on information on this Site without independent verification
Our total liability to you in connection with any matter arising from your use of this Site or our services shall not exceed zero rupees (₹0), as our services are provided free of charge to borrowers. Nothing in these Terms excludes liability for fraud, death, or personal injury caused by our negligence.
Indemnity
You agree to indemnify, defend, and hold harmless Basic Homes Loan, its advisors, partners, and team members from and against any claims, liabilities, damages, losses, or expenses (including legal fees) arising out of or in connection with:
- Your use of the Site or our services
- Any breach of these Terms by you
- Any false, inaccurate, or misleading information you provide to us or to a lending institution
- Any violation of any applicable law or third-party right by you
Governing Law & Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of India, specifically the laws applicable in the state of Karnataka.
Any dispute, claim, or controversy arising from or in connection with these Terms or your use of the Site shall be subject to the exclusive jurisdiction of the courts located in Bengaluru, Karnataka, India.
We encourage you to contact us directly to resolve any dispute informally before initiating legal proceedings. Most issues can be resolved with a simple conversation.
Changes to These Terms
We reserve the right to update or modify these Terms at any time. When we make material changes, we will update the Effective Date at the top of this page.
Your continued use of the Site after any change constitutes your acceptance of the revised Terms. If you do not agree with the updated Terms, you must stop using the Site.
We recommend bookmarking this page and reviewing it periodically, particularly if you are in an active loan advisory process with us.
Contact Us
If you have any questions about these Terms and Conditions, or if you wish to raise a complaint about our services, please contact us:
- Business Name: Basic Homes Loan
- City: Bengaluru (Bangalore), Karnataka, India
- Phone / WhatsApp: +91 99727 05653
- Email: shankar984428@gmail.com
- Business Hours: Monday – Saturday, 9:00 AM – 7:00 PM IST
Complaints will be acknowledged within 2 business days and addressed within 15 business days.