401-4th Floor,K.C.Complex,
Opp. Daulat Bagh, Ajmer (Raj)

1800-180-6014
1800-123-2090

Mon - Sat 10.00 - 18.00
Sunday CLOSED

Overview

What exactly is Home loan?

The ownership of a house is one of the key signs of success among the fast-growing Indian middle class. As the income of the average Indian family raises, there has been a continuous increase in the desire to own a house and this has lead the price of property to reach unique highs in recent years. This is true for not just the big cities but also for smaller cities across India. This uncontrolled price rise has made it near impossible for the common man to purchase their home through just savings. This is among the leading reasons for the home loan business to have witnessed unmatched growth in recent years. So much so that anticipated home buyers have multiple options to seek a home loan from banks as well as NBFCs.

Merits/Pros

Deduction on principal repayment

Capital Appreciation

Sense of accomplishment

Tax Benefit: Principal Repayment

Deduction on interest

Easy to get education loans

Documents Required

Proof of individual’s identity (We also require same KYC of co-applicant)

ID Proof, (if any)

  • PANcard compulsion
  • Aadhar Card
  • Voter ID
  • Driving License

Residential Proof (any of two)

  • Ration Card
  • Electricity Bill (latest)
  • Water Bill (latest)
  • Landline Bill (last three months)

(Relationship proof to be taken, in case of no separate residential proof available).

Income Documents

For Salaried

  • Latest 1 month salary slip
  • Last 1 year form-16
  • 4 months salary slips in case of variable salary

For Business

  • Last 2 year ITR with CA certified or audited financial ITR.
  • Partnership firm last 3 years ITR.
  • Balance Sheet all scheduled and tax-audited report.
  • Copy of partnership and of partnership firm.

Banking Documents

  • Last 6 months banking showing salary credit.
  • Banking of other accounts from where EMI of loan are being repaid.

Compulsory Documents

  • Office addresses proof to be taken as per policy.
  • 2 Passport size photographs.

Note- Above mentioned terms & conditions may change from time to time as per company’s policy without notice.