• Home Loan

    Home Loan:
    To be eligible for a home loan, the applicant must be at least 21 years of age with a regular source of income from employment or self-employment. The loan must terminate before or when the applicant turn 65 years of age.
     
    Commercial Loan: 
    To be eligible for a commercial loan, the applicant must be at least 21 years of age with a regular source of income from employment or self-employment. The loan must terminate before or when the applicant turn 65 years of age. The loan can be for the purchase/construction/extension of a non-residential property. A loan for renovation will only be given at the time when the property has been acquired. Professionally qualified and self-employed individuals can apply but a minimum of 3 year's work experience is a necessary.
     

    Documents required for self-employed persons:
    • Updated pass book or Xerox copy of the applicants statement of accounts for the past 6 months.
    • A Xerox copy of the applicants ration card
    • A profile of the applicants business mentioning at least the nature of the business, client list, suppliers, employee strength, geographical spread, etc.
    • In the case of a business partnership a copy of the partnership deed, 3 years P & L a/c, B/S, computation of income certified by a CA and individual computation of income and tax returns for last 3 years is required.
    • In the case of a proprietor or professional 3 years P & L a/c, B/S, computation of income certified by a CA and an income tax return file statement for 3 years is required.
    • If the company applying for a loan is a Pvt. Ltd. a remuneration certificate, the board resolution for fixing remuneration, the company's annual report and individual IT returns for last 3 years is required.
     
    Documents required for employed persons:
    • Latest salary certificate or the original slip
    • A Xerox copy of Form no.16 A (TDS Form) from the applicants Employer
    • The original certificate from the applicants employer for any other allowances that are not reflected in the applicants salary slip
    • A Xerox copy of the applicants updated bank pass book or a statement of the applicants accounts for last 6 months
    • A Xerox copy of the applicants voter I.D. card or the applicants Company's I.D. or the applicants passport/ ration card
    • A passport size photograph of the applicant & co-applicant