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Term & Condition

HOME LOAN Every Indian dreams to make a home in their life. Planning to buy a home is a big step. Because the rate of property increasing day by day , it is difficult to buy a home through our savings entirely. Home loan makes yours step easy to buy a dream home .Home loans usually have longer repayment tenures which range from 5 years to 30 years. The repayment time period for a home loan is fixed at the time you apply for home loan. Banks usually sanction 80% home loan of estimated value of the house being purchased/registration costs and remain 20% given by applicant. Any salaried, self-employed or professional individual of Indian nationality can apply for a home loan.

TYPE OF HOME LOAN
Home Purchase Loans, Land Purchase Loans/Plot Loans, Home Construction Loans, Home Improvement/Renovation Loans, Home Conversion Loans, Home Extension Loans.

FEATURES PROVIDED IN HOME LOAN
-Lowest Interest Rates
-Lowest Processing Fee
-No Hidden Charges
-No Pre Payment Penalty charges
-Increase 20% higher home loan eligibility
-Interest charges on Daily Reducing Principal Amount/Balance
-Loan/Repayment Tenure 5 years to 30 years
-Interest Rate Concession for Women Borrowers
-Reduce interest rate by Balance Transfer with Top up facility
-Get Top up on Running Home Loan
-Avail subsidy benefit under PMAY upto 2.67 lacks
WHO IS ELIGIBAL FOR A HOME LOAN
Resident Type: Resident Indian
Minimum Age: 21 years
Maximum Age: 45 years, to apply for loan, and upto age of 70 years for repayment
Salaried, Self-Employees, Self-Employee Professionals
List of documents Require For a Home Loan by applicants
Loan Application: Completed loan application form duly filled with 3 Passport size photographs
Proof of Identity - PAN/ Passport/ Driver’s License/ Voter ID card
Proof of Residence/ Address -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/ RERA Ragistration No.
Registered Agreement for Sale Allotment Letter/Stamped Agreement for Sale
Possession Latter/Allotment Latter (For ready to move property)
Approved Plan copy & 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-Last 6 months Bank Account Statements of applicants
If any previous loan Running from any Banks -Loan Track/sanction latter /1 year A/C statement
Income Proof for Salaried -Salary Slip of last 3 months Applicant, Employer Identity Card
Income Proof for Self-Employees/Self-Employee Professionals-ITR & Financial
Last 2 years Form 16 or copy of IT Returns for last 2 financial years acknowledged by IT Dept.

Loan SlabSalariedSelf Employed
For Women (upto 30 Lakhs) 8.45% 8.50%
For Others (upto 30 Lakhs) 8.50% (floating) 8.55%
For Women (From 30.01 Lakhs to 75 Lakhs) 8.50% 8.65%
For Others (From 30.01 Lakhs to 75 Lakhs) 8.55% 8.70% (floating)
For Women (Above 75 Lakhs) 8.60% 8.75%
For Others (Above 75 Lakhs) 8.65% 8.80%