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Home Loan 

A part of money borrowed from a financial institution or bank to purchase a home. They can also be availed for construction, extension and renovation of houses. Home loans consist of floating/diminishing or fixed interest rate and payment terms.

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, Property value, retirement age etc.

Salaried individuals eligible for home loan

Individuals in permanent service in the Government or reputed companies
Applicants should be above 21 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity

 

Professionals eligible for home loan

Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only) can apply
Applicants above 21 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

 

Self-employed individuals eligible for home loan

Any individual filing income tax returns can apply
Applicants should be above 21 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.

List of  Documents Checklist for Salaried Person.

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Driving License
  • Residence Address Proof: Any one from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any one from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Income Proof: Latest 3 months Salary Slips and Form 16.
  • Job Continuity Proof: Any One from the following;
    1. Current Employment Certificate
    2. Current Job Appointment letter (if it is more than 2 years)
    3. Experience Certificate (including your previous job certificate or appointment and relieving letter)
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Existing loan track if applicable
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph

List of  Documents Checklist for Self Employed Business Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Driving License
  • Residence Address Proof: Any one from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any one from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Office Address Proof: Any one from the following;
    1. Property Documents (if any)
    2. Maintenance Bill (if any)
    3. Utility Bill
  • Office Ownership Proof (if any): Any one from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Business Existence Proof: Any one from the following;
    1. 3 years old Salary Copy
    2. Shop Establishment Act
    3. Any Tax Registration Copy
    4. Company Registration license
  • Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).

Loan Against Property/Mortgage/Home Equity

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by a valuer from the financial institution.

 

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, Property value, retirement age etc.

List of Loan Against Property Documents Checklist for Salaried Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Driving License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Income Proof: Latest 3 months Salary Slips and Form 16.
  • Job Continuity Proof: Any One from the following;
    1. Current Employment Certificate
    2. Current Job Appointment letter (if it is more than 2 years)
    3. Experience Certificate (including your previous job certificate or appointment and relieving letter)
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Existing loan track if applicable
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph

 

 

List of Loan Against Property Documents Checklist for Self Employed Business Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Driving License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Office Address Proof: Any One from the following;
    1. Property Documents (if any)
    2. Maintenance Bill (if any)
    3. Utility Bill
  • Office Ownership Proof (if any): Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Business Existence Proof: Any One from the following;
    1. 3 years old Salary Copy
    2. Shop Establishment Act
    3. Any Tax Registration Copy
    4. Company Registration license
  • Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).

Car Loan

Loan to Value Ratio (LTV)

Loan to value ratio is described as the proportion of the car's value that can be financed through a loan. The maximum permissible LTV for all categories of customers is a prescribed % of the value of the vehicle. 

 

Documents

Documentation Requirements for Salaried and Self-employed individuals

In support of their loan application, Salaried and Self-employed individuals must present the following documents:

 

  •  PAN Card
  •  Address Proof
  •  Signature Verification Proof
  •  One Photograph
  •  ITR/Salary Slips/Form 16
  •  Bank Statement of last 3 months

 

Documentation Requirements for Non-individuals

Non-individuals are required to submit the following documents along with their loan application.

  •  Registered Partnership Deed for Partnership Firms
  • Certificate of Incorporation for Private and Public Ltd. companies
  •  Certificate of Commencement of Business for Public Ltd. companies
  •  Memorandum and Articles of Association in case of Public and Private. Ltd. Companies
  •  Address Proof & Pan Card of the Firm
  •  One Photograph of Director/Partner
  •  ITR
  •  Audited Balance Sheet and Profit and Loss Account Bank

Credit Card

A credit card or plastic cards is a card issued by a financial company giving the holder an option to borrow funds, usually at POS (point of sale). Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made, and borrowing limits are pre-set according to the individual's credit rating.

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, retirement age etc.

 

Documents  Required

Resident Customers

  • Pan Card copy/Letter from IT dept
  • Identity Proof:
     
    • Pan Card (back & front)
    • Driving License (copy of name,add,photo pages)
    • Valid Passport(copy of name,add,photo pages)
    • Voter ID(back & front)

 

  • Address Proof: 
     
    • Electricity Bill,Phone Bill(not more than 2 months old)
    • Driving License
    • Passport, Visa
    • Ration Card
    • Bank statement, Passbook( not>3months)
    • Voters ID
    • Flat maintenance Bill(Not>2 months)
    • Rent Agreement

Personal Loan

A loan to meet your current financial needs is also referred to as an unsecured loan as there is no security against it. Unsecured loans are advanced on the basis of the borrower's credit-history and ability to repay the loan from personal income.  You can use a personal loan as per your ease without being monitored for the real end usage.

 

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, retirement age etc.

List of documents for Salaried

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence:- Lease and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.

List of documents for Self-Employed

  • KYC Documents : Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Lease and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.

Over Draft

Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account customer can write checks or make withdrawals. The most common form of business borrowing, an overdraft is a type of revolving loan where deposits (credits) are available for re-borrowing, and interest is charged only on the daily overdraft (debit) balance..

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, Property value, Income Tax, retirement age etc.

 

 


Business Loan

A business loan is a loan specifically intended for business purposes.

Documents

Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services.

With:

  • Minimum Turnover of Rs. 40 Lakhs.
  • Years in business: Minimum of 3 years in current business and 5 years total business experience
  • Business must be profit making for the last 2 years
  • Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
  • Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity.

 

Documents you will need to submit:

  • PAN Card – For Company /Firm/ individual.
  • Proof of your identity: Copy of Aadhaar Card/Passport/Voter's ID card/Pan Card/Driving License.
  • Proof of your address: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License.
  • Bank Statement (latest 6 months)
  • Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
  • Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
  • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

 

Loan Eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, Income tax, retirement age etc.


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