Home Loans

A home loan is a amount of money that an individual borrows from a Banks,NBFCs and HFI to buy or construct a house. Home loans can also be used for expanding, repairing and renovating an property. Housing loan is secured loan, wherein the property being purchased is pledged to the bank till the borrowed amount is repaid along with the interest. In India, home loan interest rates start at as low as 7.90% p.a., with loan term up to 30 years.

Dreaming of building or purchasing your own house then easy lending makes it more easy for you to secure your family with a concrete roof . Experience home loans with lowest rates and easy application with proper steps to avoid any error. Our home loan enables you to purchase a property, house or a flat with flexible tenures and low interest rates. Apart from your down payment, invest with us to create a stable future with good financial freedom and easy process.

  • Duly filled in and signed home loan application form.
  • Passport size photographs, as required.
  • Proof of Identity : Copy of any one (PAN Card, Passport, Aadhaar Card, Voter’s ID Card and Driving License).
  • Proof of Age : Copy of any one (Aadhaar Card, PAN Card, Passport, Birth Certificate, 10th Class Mark-sheet, Bank Passbook and Driving License).
  • Proof of Residence : Copy of any one (Bank Passbook, Voter’s ID, Ration Card. Passport, Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill) and LIC Policy Receipt.

For Salaried Applicants

  • Proof of identification(any one of the following):
  1. PAN card
  2. Passport
  3. Driving License
  4. Voter’s ID
  5. Employee ID
  6. Bank passbook
  7. Ration card
  • Address proof (any one of the following):
  1. Passport
  2. Utility bill (telephone, electricity, water, gas) – less than 2 months old.
  3. Letter from a recognized public authority verifying the customer’s residence address.
  4. Bank passbook or Bank account statement
  5. Voter’s ID
  6. Ration card
  • Residence ownership proof (any one of the following):
  1. Property documents
  2. Maintenance bill
  3. Electricity bill
  • Proof of income (any one of the following):
  1. Payslip (Last 2 months)
  2. Increment or Promotion letter
  3. IT returns (for 3 years)
  4. Form 16
  5. Certified letter from Employer
  • Proof of job continuity (any one of the following):
  1. Current job appointment letter (if more than 2 years have been spent in the same job)
  2. Current employment certificate
  3. Experience certificate (including previous job certificate or appointment and relieving letter)
  • Bank statement : Last 6 months bank statements of salary account
  • Existing loans : In case of any existing loan, need to submit sanction letter, payment track record.

For self-employed Individual/Businessman

  • Proof of Identification
  • Address Proof
  • Residence ownership proof (any one of the following) :
  1. Property documents
  2. Electricity bill
  3. Maintenance bill
  • Office address and ownership proof (any one of the following):
  1. Property documents
  2. Electricity bill
  3. Maintenance bill
  • Proof of business existence (any one of the following):
  1. Sales deed / agreement (executed)
  2. Saral copy (3 years old)
  3. Copy of tax registration
  4. Company registration license
  • Proof of Income (any one of the following):
  1. Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant.
  2. Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable.
  • Bank statement : Latest 1 year bank statement (both savings and current)
  • Copies of all property documents : Sale deed/copy of Agreement, share certificate (if society formed), maintenance bill
  • Advance processing cheque : to process loan documents for sanction
  • Passport size, coloured photograph
  • Existing loans : In case of any existing loan, need to submit sanction letter, payment track record
  • Property-related Documents: NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter and an approved copy of the building plan.
Process
  • The loan against property goes through the following stages
  • Application for Loan
  • Processing of Application
  • Loan Documentation.
  • Initiation for Verification / Valuation of property
  • Credit Sanctioning of the Loan
  • Disbursement of Loan