Eligibility criteria
Home loans are one of the most preferred financial tools that enables an individual to purchase a plot of loan or a residential property instantly.
These loans are provided by Banks and housing finance companies (HFCs), and they have designed special schemes wide range of customers, including farmers, women, doctors, CA, etc. Here are the required details of various home loans/Housing Loans offered by various banks and financial institutions.
- The applicant must be (anyone): Resident Indian, Non-Resident India (NRI), Person of Indian Origin (PIO)
- Minimum Age: 18 years and Maximum Age: 70 years
- Net annual income: At least Rs.5-6 lakh depending on the type of employment.
- CIBIL score should be 750 or higher.
- Co-applicant should be family member (If applicable).
Documents required
Below are the documents required for completing your application process
- KYC documents (Aadhar card / Voter's ID / Passport / PAN card).
- Last 3 months salary slip (Salaried) and Business profile (Self-employed).
- Signature proof.
- Processing Fee and CERSEI cheques.
- Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions
- Bank account statements for all the bank accounts owned by the applicant for the last six months
