Home Loan
Home loans are mainly used to finance the purchase of residential properties. They can also fund home renovations, construction, or refinancing existing mortgages to secure better terms or interest rates.
Documents Required for Home Loan:
Identity Proof
Residence Proof
Others
PAN Card/ Valid Passport/ Aadhaar Card/ Election Card
Aadhaar Card/ Valid Passport/ Election Card
Business Continuity Proof – Any one document dated 5 years old (Bank Statement/Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)
Criteria And Charges
- Home Loan can be availed by salaried Individuals, self-employed individuals and self-employed professionals
- Home Loan can be offered to Indian residents only
- Salaried Individuals : Minimum net income of Rs.120,000 per annum
- Work experience of minimum 1 year at current job and 2 years of total experience.
- If current job is less than 1 year, then 3 years of total experience required
- Self-Employed Individuals and professionals : Minimum net annual income as per latest year ITR/Financials of Rs.150,000
- Minimum age at loan sanction – 24 years. Maximum age at loan sanction – 65 years
- Business continuity of last three years in the same field
- Tenure Min. 1 Year Max. 20 Year
- File Charge 3690 / of the File (3,190 /- will be refunded by loan Amount)
