Yes,
you
can
avail
of a
Home
Loan
(balance
copy).
List
of
Housing
Finance
Institutions
(HFIs)
as
follows
:-
- HDFC
- ICICI
- LIC Home Finance
- GIC Home Finance
- IDBI
- Standard Chartered Grindlays
- HSBC
- CITI Bank
- SBI Home Finance
You
can
get
a
Home
Loan
of
80%
of
your
purchase
price
upon
qualification.
You
can
include
your
spouse
as a
co-applicant
for
the
home
loan
and
we
shall
include
his/her
income
to
enhance
your
loan
amount.
Further,
in
case
there
are
any
other
co-owners,
they
also
need
to
be
co-applicants.
You
have
the
option
of
selecting
a
term
you
are
comfortable
with,
up
to
15
years.
The
term
does
not
extend
beyond
retirement
age
or
on
your
reaching
65
years
of
age
whichever
is
earlier.
The
home
loan
repayment
is
by
Equated
Monthly
Installments
(EMIs)
comprising
of
interest
and
principal
amount
calculated
on
annual
rests.
EMIs
can
be
paid
by
Post
Dated
Cheques
or
being
directly
deducted
from
your
salary.
In
case
of
part
disbursement
of
the
loan,
monthly
interest
is
payable
only
on
the
disbursed
amount.
This
interest
is
called
Pre-EMI
interest
and
is
payable
monthly
till
the
final
disbursement
is
made,
after
which
the
EMIs
would
commence.
You
need
to
provide
security
of
the
property
and/or
such
other
additional
/collateral
security
as
may
be
mutually
agreed.
Most
of
the
Home
Loan
Companies
(HFIs)
are
giving
services
at
your
Doorstep.
All
you
have
to
do
is
to
give
a
call
and
present
the
proof
of
your
income,
employment,
balance
sheet
and
other
related
papers
and
the
loan
is
sanctioned
quickly
sanctioned.
Our
representative
will
discuss
the
documents
you
are
required
to
submit
in
detail.
An
indicative
list
is
given
below:
- passport size photograph of all applicants
- Residence and age verification, Which may be established from the PAN card, election ID ,passport, driving license and ration card.
- bank statements for the last six months.
- latest salary slip/ statements showing all deductions in case of employed applicants.
- Certified copies of Balance sheets and profit and loss accounts., IT acknowledgement, advance tax challans ( for both company/ firm and personal account ) for the last three years in case of self employed applicants.
- Memorandum / Articles of association for companies, partnership deeds for firms and a brief profile of your company /firm in case of self employed applicants.
Your
loan
will
be
disbursed
on :
Your
identification
and
selection
of
the
property.
Submission
of
legal
documents.
Legal
and
technical
clearance
of
your
property.
On
satisfactory
completion
of
the
above
and
on
your
investment
of
your
own
contribution
,
the
loan
amount
(as
warranted
at
the
stage
of
construction)
will
be
disbursed.
Tax
benefits
are
available
on
the
principal
and
interest
components
of a
loan
as
per
the
Income
Tax
Act,1961.
As
the
benefits
could
vary
from
year
to
year
,
please
do
check
out
the
current
benefits
available. |
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