Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan. The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it.
| Loan Document Required | ||
|---|---|---|
| Purpose | Salaried | others |
| Proof of Identity | Voter's ID card or driving license or PAN card or photo credit card or employees ID card or defense or police or government department ID card | Voter's ID card or driving license or PAN card or photo credit card |
| Proof of Income | Latest Salary Slip showing all deductions or Form 16 along with recent salary certificate | IT returns for last 2 years and computation of income for the last 2 years certified by a CA |
| Proof of Residence | Bank account statement or latest electricity bill / water bill / piped gas monthly bill or latest mobile or telephone bill or latest credit card statement or employers letter certifying the current mailing address or existing house lease agreement or registered lease or leave and license aagreement with a utility bill or ration card or latest property tax / water tax bill | Bank account statement or latest electricity bill / water bill / piped gas monthly bill or latest mobile or telephone bill or latest credit card statement or employers letter certifying the current mailing address or existing house lease agreement or registered lease or leave and license aagreement with a utility bill or ration card or latest property tax / water tax bill |
| Bank statement or Passbook where salary or income is credited | Last 6 months | Last 6 months |
| Guarantor form | Optional | Optional |
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