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Features:
- Loan amount from Rs. 1 Lakh onwards
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Low interest rates
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No hidden costs
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Easy application & quick approvals
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Largest Network
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Details of Purchase/Construction/Extension/Plot Purchase | |
Residents
| | Loan Amount | Min. Rs. 1,00,000.
| | Loan to Property Cost | 85% of total Cost of the property including Stamp Duty and Registration Charges.
| | Repayment Mode | Equated Monthly Instalments
(EMI) - Monthly Rest Basis
| | Security | 1. Equitable Mortgage of Residential House/Flat/Plot
2. Demand Promissory Note.
| | Upfront Fees | 1.00% of Loan Amount Sanctioned + Service Tax as applicable.
| | NRI
| | Loan Amount | Min. Rs. 5,00,000.
| | Loan Term | Non- Professional : Maximum 10 years
Professional : Maximum 15 years
| | Repayment Mode | Professional : Maximum 15 years
| | Security | Equated Monthly Instalments(EMI) - Monthly Rest Basis
1. Equitable Mortgage of Residential House/Flat/Plot
2. Demand Promissory Note.
| | Upfront Fees | 1.00% of Loan Amount Sanctioned + Service Tax as applicable.
| | Special Conditions | All conditions including payment of margin money as per RBI Guidelines.
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Common requirements:
- Duly Filled in Application Form.
- Income Particulars, as applicable, along with copies of Updated Bank Statements / Passbooks of each Applicant for the past 6 months.
- If Property has been identified / already belongs to the Applicant (s) then:
a. Copy of Approved Plan.
b. Copies of Title Papers.
Additional Documentation for Salaried Applicant (s):
- Copies of Payslips of the Applicant (s) for the past 6 Months till the Month preceding the Month of Application.
- Copy of Appointment Letter / latest Pay Revision Letter, if possible.
- Copies of Form 16 with copies of ITRs & Computation Statement for latest Assessment Year.
Additional Documentation for Self-employed Applicant (s):
- Copies of last 3 years ITRs with Computation & Personal Financial Statements of the Applicant (s) along with copies of TDS Certificates / Income Tax Paid Challans.
Additional Documentation for NRI Applicant (s):
- Copies of Valid & Attested / Notarised Passport & Visa / Permanent Resident Card.
- In case of Employment, copy of the Valid Employment Contract.
- Copies of Updated Bank Statements / Passbooks of Bank Accounts in India as well as the relevant Country, in case of each Applicant for the past 6 months.
Additional Documentation for considering Income from Rentals:
- Copies of latest Municipal Tax Receipt (s) & Title Papers in favour of the Applicant (s).
- Copy of Lease Agreement (s).
- Full details regarding TDS & Monthly / Annual outgoings.
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Indian Real Estate Portal
