Home Loan
Overview
Home loan is a specified sum of money borrowed from banks and Housing Finance Companies (HFCs) to purchase a house / flat.
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A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property's title is transferred back to the borrower.
Eligibility
Home Loan Eligibility Criteria
The borrowers do not need any hefty eligibility criteria to avail a car loan. The minimum eligibility criteria are given below:
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The Applicant should be age between 18 to 70 years.
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The Applicant annual income should be minimum 5 lakh
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The Applicant should be employed or in business for at least 3 year.
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The Applicant should be holding Bank Account at least for 1 Year.
Documents
KYC
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Identity Proof - Pan Card, Valid Passport, Permanent Driving license, voters ID Card etc.
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Address Proof - Aadhar Card, Valid Passport, Light Bill, Rent Agreement, Company Letterhead.
Income Proof -
(Salaried Individuals)
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Latest 3 months salary slip
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Latest 2 years Form 16
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Bank statement of the current 6 months
(Self Employed Individuals)
(Sole Proprietorship)
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​Latest 2 years Income Tax Returns (ITR)
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Bank statement of the previous 12 months
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Shop Act Licence as business proof
Self Employed Individuals
(Partnership Firms)
All the following documents as income proof:
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Audited Balance Sheet
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Company Incorporation
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MOA & AOA
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Profit & Loss Account of the previous 2 years
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Company ITR for the previous 2 years
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​Shop & Establishment Act Certificate
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GST Certificate​​​​​
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Bank statement of the current 12 months​​​​​​​​​​​​​​​​​​​​​
Self Employed Individuals
(Private Limited Companies)
All the following documents as income proof:
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Audited Balance Sheet
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Company Incorporation
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MOA & AOA
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Profit & Loss Account of the previous 2 years
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Company ITR for the previous 2 years
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​Shop & Establishment Act Certificate
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GST Certificate
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Bank statement of the current 12 months
Self Employed Individuals
(Public Limited Companies)
All the following documents as income proof:
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Audited Balance Sheet
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Company Incorporation
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MOA & AOA
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Profit & Loss Account of the previous 2 years
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​Any of the following documents as address proof:
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Telephone Bill
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Electricity Bill
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Shop & Establishment Act Certificate
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GST Certificate​​​​
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Bank statement of the Current 12 months
Features & Benefits
Short time loan process
Hassle-Free Documentation
Attractive Interest Rate
Flexible EMI Tenure
Loan Amount Up to 100%
100% security of
documentation
Customer Support
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