Home Loan

Buying own home is a dream for every person. It is a place where we live with our family and loved ones throughout the life. For many people it is a big financial decision to make and with lots of responsibility and care. So doing it for the first time in a right way is very much important. It is not always possible to buy a home on cash so we take loan from banks. In order to make the process of getting you loan easy and hassle free our expert team gives you all kind of support in all aspects in all aspects including the lengthy documentation process. Our motto is to make the process simple for you.
Home loan is basically a Secured loan and it can be taken for buying a new home or to construct a new home or renovate your old home. There are lots of Banks & NBFC’s which are offering home loan at various interest rates.
We have an Expert Legal Team and Financial Advisors to support you in finalizing a property.

TYPES OF HOME LOANS:-

♦  Buying a New Home:- This loan is for buying a New Apartment, Bunglow or a Society Flat.

♦  For Resale Homes:- This kind of loan is for buying an old home. This kind of loan of given on     properties build on authorised area with proper registry papers.

♦  Loan for Construction:- This loan is taken for Construction of apartment or Bunglow on a      vacant plot. There are various HFC which provide customers for building a new property on easy      installment basis.

♦  Loan for Home Renovation: - This loan is for Renovation of your existing home and for      enhancing your home. Renovation and enhancing can be for flooring or entire home , or electrical      fitting , plumbing or tiling of may be internal and external plaster of entire home. This loan can be     taken by both new and existing customer and the documentation and interest part is also very      simple and hassle free.

♦   Loan for Home Extensions: - This is a loan for extension of floor or adding a room in an existing      home.


ELIGIBILITY & DOCUMENTATION

Salaried Individual

(1) Income not less than Rs. 12,000 monthly and Rs. 1,50,000/- yearly ( Net )
(2) Income of Spouse can be added is he or she falls short of minimum earning slab.
(3) Maximum Age can be 70 year for Self Employed & 60 for Salaried person

Salaried Individual

(1) Audited Balance Sheet
(2) Profit & Loss account of last 3 years

Documentation Required

Applicants

♦  Complete Loan Application
♦  3 Passport Size Photograph
♦  Identity Proof (Adhar Card, Voter Id, Passport, Driving)
♦  License / PAN CARD
♦  Residence Proof ( Electricity Bill or Telephone Bill )
♦  Proof of business for Non Salaried Individuals
♦  Bank Statement for last 6 months

Guarantor / Co-Applicants

♦  Personal Assets & Liabilities
♦  2 Passport Size Photographs
♦  Identification Proof
♦  Proof of Residence

Additional Documents for Salaried Individuals

♦  Salary Certificate or Salary Slip for last 3 Months
♦  TDS Certificate on Form 16 or
♦  Copy of IT Returns for last 2 years signed by IT Dept.



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