Standard Home Loan
Additional Benefits
No guarantors required.
Service at your doorstep.
Simple documentation and speedy processing
No charges on partial prepayments.
Eligibility
Gross annual income of Rs 1,00,000 or above
Minimum 23 and above, maximum age is of 58 years
At least 2 years of work experience.
For Self Employed
Gross annual income of Rs 85,000 or above.
Minimum of 23 years of age and above, and maximum age of 65 years
3 years of continuous business operation
Fixed - 7.25-7.50%
Floating -8%
Period of Loan -Up to 25 years
Extent of Loan -NA
Flexibility of choosing between Floating or Fixed interest rate
EMI on monthly reducing balance
Personalized doorstep service
Simple documentation
Legal and technical assistance
Balance transfer facility
Reassessment and adjustment of applicant's loan eligibility in case of change of income and residence status
Interest- Fixed Rate
For 3 years 9.75%
For 5 years 10.00%
Floating 9%
5- 15 years--8.75%
15 years--9.00%
Period of Loan
Salaried 20 years
Self Employed 15 years
Extent of Loan
90% of the property value subject to credit discretion
Security Reqd
Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds / or such collateral security as may be necessary.
Kinds of Loan
Loan for purchasing a plot
Loan for purchasing a constructed flat / house
Loan for purchasing a flat under construction
Loan for home extension and renovation
One time processing fees
No hidden charges
Choice of variable and fixed rate loans
Documents Reqd
Application form with self-attested photograph
Identity, Age & Residence Proof
Bank Statement
Income Documents
Processing Fee Cheque
Fixed -10%
Floating - 8.5%-9.5%
Period of Loan - Min. 3.5 years, Max. 25 years
Extent of Loan -Up to 85%
Home Loan
Home Improvement Loan
Home Extension Loan
Short Term Bridging Loan
Land Purchase Loan
Home Equity Loan
Latest Form 16
Certified IT returns for latest 3 years
Admin Fee cheque
Loan Enclosure letter
For Individual Borrowers (i) Photo Id Proof (ii) Residence Address Pro
Interest
Fixed Rate - 11%
Floating - 9.5%
Security Reqd.
Documents Required
2 Passport size photograph of each applicants
Proof of income, salary certificate, Income tax returns etc.
Proof of Identity – PAN Card/ Voters ID/ Passport/ Driving License
Proof of Residence – Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID /Bank Account statement/passbook for the previous six months
Proof of business address in respect of businessmen/ industrialists
Sale Deed, Agreement of Sale, Letter of Allotment, Non encumbrance certificate, Land/ Building Tax paid receipt etc. (as applicable and subject to satisfaction report from our empanelled lawyer)
Copy of approved plan and approval from the Local Body
Original NOC under the Provisions of ULC Act
Copy of the Order permitting Land Conversion in case of conversion of Agricultural land
For Salaried
Latest salary slip or salary certificate
Form No. 16 or PF statement
Any Other Documents as may be required
Pass Port Size Photograph
Id Proof
Age Proof
Last 3 years Income Tax returns duly certified by practicing CA
Purchase of a plot of land/ new house / flat
Construction of a house on plot of land already owned
Purchase of a new house / flat
Purchase of old house / flat which is not more than 15 years old (Home Acquisition Plan)
Extend /Renovate/Repair of a house or flat already owned by self (Improvement/Extension Plan)
Take-over of existing Housing Loan (Balance Transfer)
Pre-allotment Booking finance
Loan takeover with additional refinance (Balance Transfer + Top up)
Free Fire & Personal Accident insurance cover
Professionals (i.e. Doctors, Engineers, Dentists, Architects, Chartered Accountants, Cost Accountants, Company Secretary, Management Consultants only)
The applicant should be above 24 years of age
Self Employed Individuals: Clubbing of husband-wife income is not permitted
Purchase of house from builder
Resale and construction
Extension of existing house
Competitive interest rates
Free Personal accident insurance
Doorstep Service
Simplified Documentation
Fixed Rate
(Money Market Clause) - 10.75% May change according to the clause natural calamity 11.25% (Fixed for the entire tenure period)
Floating - 9.75%