All You want to know about Home Loans



Home Loan

CAN I GET MY HOUSE FINANCED?

Yes. All the projects by Shubham hold clear titles and are approved by all leading banks and financial institutions.

HOW MUCH LOAN CAN I AVAIL?

You can avail a maximum loan of 80% of the agreement value. However, your loan amount may differ as per your income eligibility as appraised by the bank. All loans are at sole discretion of the bank.

WHAT IS THE TERM FOR LOAN OFFERED BY THE BANKS?

Banks and financial institutions usually offer loans for a term of 10-25 years.

WHAT ARE THE DOCUMENTS REQUIRED FOR AVAILING HOME LOAN?

Basic documents:

  • Completely filled application form with photograph
  • Photo-identity proof
  • Residence address proof
  • Signature verification proof
  • Age proof
  • Fee cheque

For salaried applicants:

  • Salary slip of past 3 months
  • Form no. 16
  • Repayment track record of existing loans or loan closure letter
  • Bank statement for past 6 months from salary account

For self-employed applicants:

  • A brief introduction of your business/profession
  • Photo-identity proof, residence address proof, signature verification statement for all chief business partners/directors
  • Repayment track record of existing loans or loan closure letter
  • Board resolution in case of a company
  • Proof of existence of the company
  • Office address proof
  • Income Tax Return / Computation of Total Income / Auditor's Report / Balance Sheet / Profit & Loss
  • Account certified by Chartered Accountant for past 2 years (business and personal accounts of partners/directors)

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