Professional Documents
Culture Documents
PREPARED BY:
KRINAL PATEL KRISHNA PATEL ANJALI SHAH BHAVINI UNADKAT
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Purpose: Purchase/ Construction of House/ Flat Purchase of a plot of land for construction of House Extension/ repair/ renovation/ alteration of an existing House/ Flat Purchase of Furnishings and Consumer Durables as a part of the project cost.
Features:
Interest charged on the daily reducing balance No penalty for prepayments made No hidden costs Loan sanctioned within 6 days of submission of required documents. Repayment permitted upto 70 years of age. 'Plus' schemes which offer attractive packages with concessional interest rates to Govt. Employees, Teachers, Employees in Public Sector Oil Companies. Special scheme to grant loans to finance Earnest Money Deposits to be paid to Urban Development Authority/ Housing Board, etc. in respect of allotment of sites/ house/ flat
Self employed
21years to 70years Rs.2,00,000 (p.a.) 5,00,000 - 2,00,00000
Documentation
1) Application form with photograph 1) Application form with 2) Identity & residence proof photograph 3) Education qualifications 2) Identity & residence proof certificate & proof of business 3) Last 3 months salary slip existence 4) Form 16 4) Business profile, 5) Last 6 months bank salaried 5) Last 3 years profit/loss & credit statements balance sheet 6) Processing fee cheque 6) Last 6 months bank statements 7) Processing fee cheque
Documents:
Completed application form Passport size photograph Proof of Identity PAN Card/ Voters ID/ Passport/ Driving License Proof of Residence Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID Proof of business address in respect of businessmen/ industrialists Copy of approved plan and approval from the Local Body Statement of Bank Account/ Pass Book for last 6 months
Eligibility:
Minimum age: 18 years as on the date of sanction Maximum age: 70 years. i.e. the age by which the loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.
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Loan Amount
Linkage with Base Rate over the tenor of the loan 0.25% above Base Rate
Effective Rate
9.95% p.a.
10.10% p.a.
Processing Fee w.e.f 01.04.2013 0.25% of loan amount, minimum Rs. 1,000/
Above Rs. 25 Lacs and Rs. 6,500/ upto Rs. 75 Lacs Above Rs. 75 Lacs Rs. 10,000/
Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.
Additional documents required for salaried persons : Original Salary Certificate from employer TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.
Additional documents required for Professionals/self- employed/ other IT assesses: Acknowledged copies of three years I.T. returns/ Assessment Orders. Photocopies of challans evidencing payment of Advance Income Tax.