Eligibility Criteria for Home Loan
| Salaried | Self employed | |
|---|---|---|
| Age | 21 years to 70years | 21 years to 70years |
| Income | Rs.1,20,000 (p.a.) | Rs.2,00,000 (p.a.) |
| Loan Amount Offered | 1,00,000 – 50,00,00000 | 1,00,000 – 50,00,00,000 |
| Tenure | 1years-30years | 1years-30years |
Required Documents
List of papers/ documents applicable to all applicants:
- Loan Application: Completed loan application form duly filled in and affixed with 3 Passport size photographs
- Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Property Papers:
- Permission for construction (where applicable)
- Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
- Occupancy Certificate (in case of ready to move property)
- Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
- Approved Plan copy (Xerox Blueprint) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
- Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller
Account Statement:
- Bank A/c. Statement (Individual) for last six months
- If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
- Last 3 months Salary Slip.
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Income Proof for Non-Salaried Co-applicant/ Guarantor:
- Business Registration Proof.
- Balance Sheet & Profit & loss A/c for last 3 years
- Business License Details(or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)
- IT returns for last 3 years