Home loans are secure loans provided by banks and financial institutions for purchase of new as well as resale properties, construction of existing house and even plots and builder properties. This loan is available both for salaried and self employed customers. Buying a home fulfills the dream of having a dream home and creates wealth for the customer in future. when someone is going to buy a property, he/she prefer to go for a home loan as home loans offered by different banks can goes upto 80% of the property value at the time of buying, making the customer easy to pay rest 20% of the property from his/her fund. One cannot able to buy a property from his own savings enforcing the customer to take a home loan from banks making him easier to own a house. The rate of interest is very low as compared to all other loans. The home loans are available in the market for a longer tenure ranging from 5 years to 25 years allowing th e customer to repay the emi's more comfortable with growing income over the years. The customer can get tax benefits under 80C of the Indian income tax act. The loan amount depends on income, obligations, and retirement age and property value of the customer.
➤ Home loans are long term loans upto 25 years and loan amount can be 80% of the market value enabling customer to repay comfortably.
➤ The rate of interest is very low as compared to other loans making low emi for the customer.
➤ Property can be purchased jointly and income of applicant and co-applicants can be added for higher loan eligibility.
➤ Customer can avail tax benefits under 80C.
➤ Banks/NBFC'S keep original property papers till completion/closure of the loan.
Minimum Age for applying loan is 21 years and maximum age limit is 60 years for salaried customer and 70 years for self employed customer.
➤ ID proof, Residence proof of all applicants.
➤ Complete chain of property papers copy with sanctioned map of the proposed property.
➤ Salary slip, form 16/ITR, all Bank statements, all running loan details/documents etc. for salaried customers.
➤ Complete financials like ITR, Balance sheet, P/L, audit report and all annexure copy for self employed customers.
➤ Bank Statements for 6 months and all loan schedule copy.
➤ Photograph
➤ Company Profile
➤ Pan Card & Adhaar Card Copy
➤ Property Ownership Proof
➤ Office Address Proof
➤ Last 3 Years ITR + Computation and Balance Sheet with Audit Report and all Annexure
➤ Running Working Capital Sanction Letter and Loans Schedule
➤ GST Registration Certificate
➤ Last One Year GST Returns Copy
➤ Last Six Months Bank statement of all showing in balance sheet
➤ Last six months Saving Account Bank Statement of Applicant
➤ Company Profile
➤ Company Pan Card Copy
➤ Office Address Proof
➤ MOA & AOA with all form 32
➤ List of Directors and Share Holding Pattern attested by C.A. on letter head
➤ Last 3 years ITR+ Computation and Balance Sheet with Audit Report and all Annexure
➤ Running Working Capital Sanction Letter and Loans Schedule
➤ GST Registration Certificate
➤ Last One Year GST Returns copy
➤ Last six months bank statement of all showing in balance sheet
➤ Photograph of all Directors
➤ Pan Card Copy of all Directors
➤ Residence Address Proof of all Directors
➤ Last 3 Years ITR with Computation of all Directors
➤ Last six months saving account statement of all Directors
➤ Running Loan Schedule of all Directors
➤ Company Profile
➤ Company Pan Card Copy
➤ Partnership Deed
➤ Property Ownership Proof
➤ Office Address Proof
➤ Last 3 Years ITR+ Computation and Balance Sheet with Audit Report and all Annexure
➤ Running Working Capital Sanction Letter and Loans Schedule
➤ GST Registration Certificate
➤ Last One Year GST Returns copy
➤ Last six months bank statement of all showing in balance sheet
➤ Photograph of all Partners
➤ Pan Card Copy of all Directors
➤ Pan Card of all Partners
➤ Residence Address Proof of All Partners
➤ Last 3 Years ITR + Computation of Income with Financials of All Partner
➤ Last one Six Saving Account Statement of All Partners
We are authorized channel partners for some banks and non-banking financial companies only. Attached rate chart of different banks and Non Banking Financial Company's. It has been prepared solely for informational purposes and should not be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any transaction. The contents are based upon or derived from information generally believed to be reliable although no representation is made that it is accurate or complete and Sequoia accepts no liability of swastik Capital. This website is not responsible for any information related any bank and Non Banking Financial Companies.
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