Purchase of a Ready to Move-In House / Flat.
Construction of house / flat.
Purchase of a site and construction of a house thereon. However, loan for the purchase of only site shall not be considered.
For undertaking repairs, renovation, Upgradation, creation of additional amenities
For acquiring second house/flat where the borrower is already having a House/flat with or without loan.
For taking over of the existing Home Loan
Salaried individuals
Individuals engaged in business / professionals and self-employed persons. Such applicants should have been in the business/profession for a minimum period of 3 years.
The age of the borrowers should not be more than 55 years at the time of availing the loan.
Persons above the age of 55 years are also eligible subject to certain stipulations.
4 years of gross salary to salaried individuals.
4 years' gross annual income to individuals engaged in business or to self-employed persons.
Selectively loan upto 5 years' gross salary/ income also permittedÂ
Rs.15.00 lacs for repairs / renovations.
Depends on Banks requirement (usually mortgage of house/flat)
Sale Deed
Agreement for Sale
Copy of the approved plan for the proposed construction / extension / addition
Detailed cost estimate / valuation report from Bank's Panel Chartered Engineer / Architect
Allotment letter of Co-operative Housing Society / Apartment Owners' Association / Housing Board / NOC from the Society / Association / Builders / Housing Board
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Salary Certificate and Form No.16 (in case of salaried persons)
IT Returns filed for the past two years (in case of non-salaried persons)
A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed)
Balance Sheet and P&L Account for the past three years (in case of self-employed)
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