If you are short of money for a medical emergency or your marriage, availing aHome Loan is a must. Loans are available from INR 20000 to INR 20 Lakhs for any purpose depending on your need You can repay the loan EMI’s ranging from 12 to 60 months. The process is simple with minimum documentation and quick approval.
The minimum age if you are a salaried person to avail a home loan is 21 years and the maximum age at loan maturity is 60 years. For a self- employed individual, the minimum age is 21 to 23 Years and the maximum age at loan maturity is 65 years.
Banks sanction a home up to 60 times your net monthly income based on age and tenure of the loan. A home loan can be sanctioned even up to 1 corer and in some cases 5 corers.
The important documents to be submitted for approving your home loan are:
Identity proof: passport/Driving License/Voter ID/Pan Card.
Residential proof: License/electricity bill etc.
Property filled loan application form
Income proof: salary slip, Last 6 months bank statement.
For Business applicant’s documents describing the type of business, and IT returns.
For salaried applicants last 3 month’s salary slips and a Form 16A.