Svatantra Homes Application Features:
- Customers can reach out to us with new housing loan inquiries.
- Track the status of housing loan inquiries already submitted through the app.
- Existing customers can log in through the app to track loan status, manage profiles, and download documents.
- Only authorized builders/connectors associated with our organization can generate housing loan inquiries.

Home Loan Calculation Example:
Home Loan Details:
Principal Amount: ₹12,00,000
Interest Rate: 10% per annum
Loan Tenure: 10 years
Fees: ₹28,320 (2% processing fee + 18% GST)

Home Loan Interest Calculation:
Interest per year = Principal × Interest Rate
Interest per year = ₹12,00,000 × 10% = ₹120,000
Interest per Month = Interest per year / 12
Interest per Month = ₹120,000 / 12 = ₹10,000

Home Loan Total Interest over 10 years:
Total Interest = ₹120,000 × 10 = ₹12,00,000

Home Loan Total Cost of the Loan:
Total Cost = Principal + Total Interest + Fees
Total Cost = ₹12,00,000 + ₹12,00,000 + ₹28,320 = ₹24,28,320

Home Loan Monthly Payment Calculation:
Monthly Payment = Total Cost / Loan Tenure in months
Monthly Payment = ₹24,28,320 / 120 = ₹20,236

The Minimum and maximum period for repayment is between 2 to 20 years.
And the Maximum Annual Percentage Rate (APR) is 24%