Product Features:

  • Home Loans of upto Rs. 75 lacs.
  • Low Processing Fee.
  • Repayment upto 20 years.
  • Fixed Rate of Interest.
  • No Hidden Charges.
  • Moratorium period may be offered for i)construction

Eligibility:

  • Home Loan can be availed by salaried individuals, self employed individuals and professionals.
  • Minimum Age-21 Years
  • Maximum Age-65 Years (the age by which loan should be fully repaid).

 Purpose:

  • Purchase or construction of new house/flat.
  • Purchase of old house/flat or extension of old house.
  • Repair or renovation of existing house/flat.

Documents Required (applicable to all applicants):    

  • Loan Application: Loan application form duly filled in affixed with 2 passport size photographs.
  • Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card.
  • Proof of Residence/Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Passport/

Voters ID card/ Aadhar Card.

  • Last 6 months bank a/c statements for all bank accounts held by the applicant.
  • If any previous loan from other banks/lenders, then loan account statement for last 1 year.
  • Personal asset liability statement in the Bank’s standard format.

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Salary Slip or Salary Certificate of last 3 months.
  • Copy of identity card issued by the employer.
  • Copy of Form 16 or IT Returns for the last 3 financial years, acknowledged by IT Dept.
  • Copy of employer certificate, appointment letter(duly attested by the employee).

.Income Proof for Self Employed/ Co-applicant/Guarantor:

  • Proof of business address.
  • Copy of IT returns for the last 3 years.
  • Balance Sheet & Profit & Loss A/c for last 3 years.
  • Business Proof (Registration Certificate of establishment, Trade License, Sales Tax Registration, etc.)
  • Copy of certificate of practice (if applicable).
  • TDS Certificate (Form 16A, if applicable).
  • Copy of Registration Certificate for deduction of Professional Tax (if applicable).
  • Copy of challans evidencing payment of Advance Income Tax.

Property Documents (applicable to all applicants):

  • Agreement for sale (duly registered for states where applicable), Construction agreement.
  • Blueprint stamped by Municipal Authority.
  • Payment receipts to builder/seller.
  • Original copy of land tax paid receipt & possession certificate issued by the revenue authorities.