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. Drivnig 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 Saral Copy
    2. Shop Establishment Act
    3. Any Tax Registration Copy
    4. Company Registration license
  • Income Proof: Latest 3 years Income Tax Returs including Computatin 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).