Home Loan
A housing loan is a form of financing solution which allows an aspiring homeowner to borrow funds for the purpose of either purchasing a property at a certain rate of interest and repayment period or constructing one. The borrower then repays the amount which has been given to them via equated monthly installments (Or EMIs). For the duration of the loan repayment tenor, the bank or the financial institution that gave the home loan retains the ownership of the property until the sum that is owed by the borrower is repaid.
While home loans are taken up for the purchase or/and construction of a property, some home loans also cater to the renovation and repair requirements of the owned property. It must be noted that the property that one can pick up a loan for can either be residential or commercial in nature.
- Interest rate starting from 6.50% depends on every individual profile
- Flexible repayment tenor of up to 30 years
- Interest subsidy through PMAY
REQUIRED DOCUMENTS please find checklist
Salaried:
- Pan card. Aadhar card,Current address proof and 1 passport photo of both
- Latest 3 months payslips
- Latest 6 months salary credited bank statement till date.
- Latest 2 years form 16
- Company offer letter
- Processing fee cheq,
- Complete set of property documents.
Self Employed
- Pan card. Aadhar card, Current address proof and 1 passport photo of both Applicant and no applicant.
- Business Proof
- GST Certificate
- Complete business related documents
- Latest 3 years ITR and Financials
- Latest 1 year bank statement till date of all current and savings accounts.
- Latest 1 year GST Returns
- Processing fee cheque
- Complete set of Property documents
