Home Loan
A Home Loan is a secured loan with the property pledged as collateral with the bank/ housing finance company. Most often, a home loan is taken to buy a residential apartment whether ready to move or under construction. Increasingly, people take a new home loan to transfer the balance outstanding on their existing loan because they are getting a better deal. Home Loans are also taken to repair and renovate one's existing house. Occasionally, a home loan is taken to construct a house. A related loan is a plot loan where the proceeds are towards the purchase of a plot.
Home Loan
A person with stable monthly income is eligible for Home loan.
Document required for home loan | |||
| Documents | Salaried | Self Employed Professional | Self Employed Non Professional |
| 1. Application form with photograph duly signed |  |
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| 2. Identity, residence and age proof | |
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| 3. Last 6 months bank statements | |
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| 4. Last 3 months Salary-slips | |
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| 5. Processing fee cheque | |
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| 6. Form 16 / Income Tax Returns | |
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| 7. Proof of business existence | |
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| 8. profile | |
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| 9. Education qualification certificate and proof of business existence | |
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| 10. Last 3 years Income Tax Returns with computation of Income | |
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| 11. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account | |
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