Home loan

 

Home loan

Home Loan is a Secured Loan which is offered against the security of a Home / property which is funded by the bank's loan and the property could be a personal property , a firm or a company. For home loans the borrower gives the banker a conditional ownership over the property. CO-Applicant is mandatory in acquiring home loan(conditions apply)

Classification of Home loans:

1) Ready property

2) Developer under construction

3) Self constructions loan

4) Open plot purchase

5) Purchase of plot and construction loan

Eligibility

Salaried Income Holders

  • Employees of government and private sectors would be eligible for acquiring home loan
  • Applicants should be above 22 years of age at the time of loan commencement and up to the age of 60.
  • Minimum salary should be Rs.25,000/-( it may vary from bank to bank again)
  • Professional income Holders

  • Professionals like doctors, engineers, architects, chartered accountants(CA) cost accountants, company secretary(CS) etc can apply for home loan.
  • Applicants above 22 years of age at the time of loan commencement and up to 65.
  • Business Income Holders

  • Any business holder(proprietorship firm , partnership firm and private ltd company) who is filing income tax returns constantly can apply.
  • Applicants should be above 23 years of age at the time of loan commencement and up to 65.
  • Documentation

  • Click here to download .....
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