Home Improvement Loan

  • Loan Amount

    Avail a Home Loan of up to 15,00,000 (minimum loan amount 3 lac) but not exceeding 70% of Loan To Value subject to 80% of Cost of Property

  • Tenure & Term

    The tenure of your Home Loan ranges from 7 to 10 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)

  • Interest Rates-

    A rate of interest will be levied from 14.75% to 15.75%.

  • Processing Fees (Non-Refundable)

    :This is charged as the fee towards processing your home loan application


  • # Loan Amount Fees
    1 < Rs. 25,00,000/- Rs. 2,500/-
    2 >Rs. 25,00,000/- Rs. 5,750/-
  • Easy Repayments:

    You have 2 options for repayment of the loan based on the EMIs payable on your Home Loan:

    • ECS/ACH: The repayment will happen by ECS or ACH
    • PDC: In case of repayment through PDC, 24 PDCs should be collected from customer during initial disbursement.

For the purpose of loan Application the eligibility of applicant and co-applicant shall be as:
  • Age of Primary income considered Applicant should be 21 years and above.
  • Income Range- Minimum Rs 15,000
  • In the case income is not considered age of co-applicant can be 18 years(cases where issue of inheritance of property or credit comfort)
  • Borrower should have a bank account.
  • All the owners of the property being financed and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.
List of Documents
  • 2 Photographs (passport size)
  • KYC documents (PAN Mandatory, Aadhar or Passport)
  • Office address verification viz. telephone bill/electricity bill (maximum 3 months old)/ Sales tax certificate/ Shop & establishment Act.
  • Banks pass book or Bank Statements of all the Accounts
  • Salary Slip for the last 3 months
  • Form 16 for the period of last 2 years.
  • Chain documents of the Property, Property Booking Slip, Map of property
  • Processing fees Cheque
List of Documents
  • 2 Photographs (passport size)
  • KYC documents (PAN Mandatory, Aadhar or Passport)
  • Last 3 years ITR with computation of income, Balance Sheet and Profit and Loss A/c with annexure and schedules
  • Brief Profile of the Business on the Letter head of the organization by the applicant
  • Additional Document, if Applicable-
    • Advance tax challan
    • Bank account of the business (must for proprietorship firms)
    • Office address verification viz. telephone bill/electricity bill (maximum 2 months old)/ Sales tax certificate/ Shop & establishment Act.
    • If the applicant is a partner / director of a firm / company, then audited balance sheet and profit and loss account of the firm / company.
    • Partnership deed and Memorandum of Association and Articles of Association, wherever applicable.
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