ELIGIBILITY & DOCUMENTATION -HL

ELIGIBILITY CRITERIA FOR HOME LOANS

AgeFor Salaried – 21 to 60 years.
For Self-Employed – 21 to 65 years.
For Self-Employed Professional – 21 to 65years.
Occupation type Salaried/ Self-Employed /Self- Employed Professional.
Loan amountStarts from Rs 1 lakh upto Rs 10cr (dependingupon the applicant’s profile/property value and the lender’s policies).
Loan TenureUp to 30 years.
Interest Rate Starts anywhere from 6.70% (subject to lender’s policies).
Loan to Property ValueRanges from 50%- 90% depending upon lender’s policy and product category.
Credit ScoreUsually 750 and above is considered a good credit score by most lenders.

DOCUMENTATION

For Salaried
Age Proof: Pan Card/ Voter ID Card/ Class 10th mark sheet /Birth Certificate /Passport/ Aadhar Card
Identity Proof: Passport/Driving License/Voters ID/Aadhar Card /PAN Card/ Job ID Card Address Proof: Passport/Any utility bills/Aadhar Card/Rental Agreement/Ration Card.
Income and Bank Statements- Current 3months Salary Slip. Form-16 / ITR Six Months Bank Statement Updated (salary account).    
Property Papers:
a. Registry Paper
b. Link Registry
c. Diversion Paper
d. P1, P2 (Khasra, Naksha, Khatauni)
e. Blue Print Map.
For Self-Employed
Age Proof: Pan card/ Voter ID Card /Class 10th mark sheet/ Birth Certificate/ Passport/Aadhaar Card
Identity Proof:  Electricity Bill (Residence & Office)/Passport  Driving License/Voters ID/Aadhar Card /PAN Card
Address Proof: Passport/Any utility bills/Aadhar Card    
Income and Bank Statements- Income Tax Return of last 2 years including: Computation of Income (CA Certified),Audited Balance Sheet +Assets Account +Capital Account +Profit & Loss Account +Receipt & Payment Account +Bank Statement +Updated 6 months  
Property Papers:
a. Registry Paper
b. Link Registry
c. Diversion Paper
d. P1, P2 (Khasra ,Naksha, Khatauni)
e. Blue Print Map.