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Home Loan

Home loan can be availed for purchasing a new home, renovating your present house, purchasing a plot or land, constructing your home, etc .Generally the borrower has to pay 15% to 20% initially and the rest portion is paid by the Bank or Housing Finance Institution.

Features:

Take an amount to suit your need
Loan amounts range from Rs. 2 Lakhs to Rs.5 Crores

Take a loan tenor convenient to you
Loan can be taken for a tenure up to 25 years.

Quick disbursal of the loan, within days of the submission of the application form and required documents.

Choose the interest type you want
Option to choose between fixed and floating interest rates with the flexibility to change once every year without any penalty charges.

Prepay your loan as per your convenience
Our associated Banks have flexibility to prepay up to 25% of your loan every year, after the first 6 months with a nominal pre-payment charges.

Quick Apply

Who Can Apply

1)	Net Income (Rs.)	150,000 - Anually (Salaried & Self Employed)
2)	Minimum Age (in years)	21
3)	Maximum Age (in years)	58 (Salaried Employees) 60 (Public Limited/Selected Government Employees) 65 (Self Employed)
4)	Minimum Loan Amount (Rs.)	200,000
5)	Maximum Loan Amount (Rs.)	5 crores
6)	Maximum Tenor	25 years

Note :- Home Loan is available to both, Indian as well as N.R.Is. Generally for N.R.I Applicant, the Bank may ask for a Local Guarantor or Local Co-Applicant.

Documents required for Home Loan :-

Proof of Identity (any one of the following) :- • Passport • Photo Pan Card • Voters ID Card • Driving Licence • Defence                                                                             ID Card • Government ID Card

Proof of Residence (any one of the following) :- • Passport • Driving Licence • Telephone Bill • Electricity Bill                                                                               • Ration Card • Soceity Outgoing Bill • Life Insurance Policy

Proof of Age (any one of the following) :- • Passport • Driving Licence • Voters ID Card • Pan Card • School Leaving                                                                        Certificate • Birth Certificate • Insurance Policy or Latest Premium Receipt

	Financial Documents for Salaried and Self-Employed :- Salaried :- • 2 Latest Salary Slips. • Form 16 or Appointment Letter or Experience Letter showing 2 years of relevant work experience. • Bank statement for the last 3 months. Self-Employed :-
	Individuals / Proprietor • Computation of Income for the last 2 years certified by a C.A. • P&L and Balance Sheet for the last 2 years certified by a C.A. • Copies of Acknowledged IT returns for the last 2 years • Bank Statements for the last 6 months	Partnerships • Computation of Income for the last 2 years certified by a C.A. • P&L and Balance Sheet for the last 2 years certified by a C.A. • Copies of Acknowledged IT returns for the last 2 years. • Partnership Deed, Letter of Authority, Bank Statements for the last 6 months, Proof of office.
	Private Limited Companies • Computation of income for the last 3 years certified by a C.A. • P&L and Balance Sheet for the last 3 years certified by a C.A. • Copies of Acknowledged IT returns for the last 3 years. • Memorandum and Articles of Association. • Board Resolution. • Bank statements for the last 6 months. • Authority letter from all directors to accompany the application form with photographs of authorised signatories if not specified in the board resolution • Proof of office. Non-Resident Indians-N.R.I
	Salaried NRI Applicants :- • Copy of valid Passport showing VISA stamps. • Copy of valid Visa / Work Permit / Equivalent Document supporting the NRI status of the proposed Account holder. • Latest Contract Copy evidencing Salary / Salary Certificate / Wage Slips. • Overseas Bank A/C for the last 3 months showing Salary Credits.	Self Employed NRI Applicants :- • Trade license or Equivalent Document. • 6 months Overseas Bank Account Statement and NRE/ NRO Account. • Computation of income, P&L account and Balance Sheet for last 3 years certified by the C.A. / CPA or any other relevant authority as the case may be (or equivalent company accounts). • Passport Copy with valid Visa stamp. • Brief Profile of the Applicant and Business.

Features:

Documents required for Home Loan :-

Financial Documents for Salaried and Self-Employed :-

Non-Resident Indians-N.R.I