Home Loan

Loan acquired from a financial institution to purchase a home. Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans.

Do not sign the agreement unless you have read and understood the same.
We do not take any collateral in home loans unless its a loan against a collateral which shall be mentioned on the loan agreement.

Features and Benefits

Attractive interest rates
Convenient loan disbursement process
Simplified documentation
Quicker turnaround time

Eligibility

Salaried individual

Monthly or annual income
Source of income
Savings and credit history
Work experience
Age
Qualifications
Number of dependents
Probability of the individual continuing in the same occupation

Self employed

An audited balance sheet
Profit and Loss Account of last three years

Checklist of Documents for Home Loan

List of papers / documents applicable to all applicants:
Completed loan application
Photographs
Proof of identification: Electoral ID Card / Passport / Driving License / PAN card
Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill
Proof of business address, in case of non- salaried borrowers
Statement of bank account for the last six months
Signature identification from present bankers
Personal Assets and Liabilities Statements

For guarantor

Personal Assets and Liability Statement
2 passport size photographs
Proof of identifications as above
Proof of residence as above
Proof of business address as above
Signature identification from his / her present bankers

Additional documents required for salaried persons

Original salary certificate for last month
TDS certificate- Form 16 or copy of I.T. Returns for the last two financial years, duly acknowledged by I.T. Deptt.*
For professional /self- employed / businessmen
Three years I.T.Returns duly acknowledged by I.T Deptt./ I.T. Assessment Orders for computation of income*
Copies of challans in respect of advance payment of income tax*

(* photocopies to be kept for our records after verification of the originals)

Property documents

Sale Deed, Agreement of Sale. Original Share Certificate(s) issued by the society
Land and Building tax paid receipts, possession certificate, and location sketch of property certified by revenue authorities.
Letter of allotment from Housing Board /Society/ Private builder
Original receipts regarding advance payments towards purchase of flat
Non encumbrance certificate for the last 12/30 years
Original of land tax paid receipt and possession certificate issued by the revenue authorities
Copy of permission from Appropriate Authority and approved building plan (and also key plan / floor plan incase of purchase of flats)
Original NOC under ULC Act 1976
Copy of the relative order in case of conversion of agricultural land
Original No objection certificate from Housing Society / Builder
Detailed estimate of cost of construction of House
Letter from the Builder / Society /Housing Board intimating their account number and name of their bankers, for remittance of installments

Details of Certificate of Registration: