Features Home Loan is given for new home (house/ flat/ kothi/ appartment) purchase, to renovate/ furnish the house, to purchase the plot/ land to build the house etc. Key Features of Term Loan :- Loans from Rs.5.00 lacs & above. The loans are generally approved within 7 working days of submission of complete documentation. Home Loan tenure up to 20 years. It can be clubbed income of 3 persons from a family.
Eligibility Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property. Self Employed Proprietor/Partner/Director of the company. Age min. 23 & the repayment should be complete before attaining the age of 65. Having minimum 3 years old company in the same business. Minimum 1year old operation at same place. Profitable business for the last 2 year . Have a clean track record of at least 6 month from any Bank. Applicant must own office or residence. Salaried Individuals Getting salary by cheque or Bank transfer. Age 23 & the repayment should be complete before retirement. Minimum 3 years continuous employment.
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Suitable For To purchase new house To renovate existing house