Features of Home Loan
- Loans from Rs.5.00 lacs & above.
- The loans are generally approved within 7 working days of submission of complete documentation.
- Home Loan tenure up to 20 years.
- It can be clubbed income of 3 persons from a family. Key Features of Term Loan
Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
Self Employed
- Proprietor/Partner/Director of the company.
- Age min. 23 & the repayment should be complete before attaining the age of 65.
- Having minimum 3 years old company in the same business.
- Minimum 1year old operation at same place.
- Profitable business for the last 2 year .
- Have a clean track record of at least 6 month from any Bank.
- Applicant must own office or residence.
Salaried Individuals
- Getting salary by cheque or Bank transfer.
- Age 23 & the repayment should be complete before retirement.
- Minimum 3 years continuous employment.
Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
Self Employed
- Photograph of main applicants.
- ID Proof : Pan card/ Passport/c Driving License.
- Signature Proof : Pan card/ Passport/Driving License.
- Age Proof : Pan card/ Passport/Driving License/DOB Certificate.
- Residence Proof : Passport/ Voter Card/Driving License/ Ration Card/Telephone Bill/ Electricity Bill.
- Office Proof : Telephone Bill/ Sales Tax registration certificate/ Electricity Bill.
- Income Proof : Last 2 years Income tax return with financials.
- Last 6 month main account Bank statement.
- Constitution Proof : MOA/ partnership deed.
- Loan Proof if any : repayment Schedule of all running loans.
Salaried
- Photograph of main applicants.
- ID Proof : Pan card/ Passport/c Driving License/Employee ID.
- Signature Proof : Pan card/ Passport/Driving License.
- Age Proof : Pan card/ Passport/Driving License/DOB Certificate.
- Residence Proof : Passport/ Voter Card/Driving License/Ration Card/ Telephone Bill/ Electricity Bill.
- Office Proof : Form 16/ Employee ID/ Appointment Letter.
- Income Proof : Last 3 months Salary Slips.
- 6 month bank account statement in which salary credited.
- Loan Proof : repayment Schedule of all running loans.
