Key highlights of our Loans against self-occupied residential property product
- Loan Against Property up to Rs.
1 Crore.
- Loan tenor of 15 years for Salaried, Self-Employed Professionals & Businessmen.
- Attractive Floating Interest Rate.
Product Features
- Maintain Zero Balance Savings Bank account at no charge.
- Free ATM card.
- Flexible Loan Pre-payment options.
- Hassle-free payment of EMIs via standing instructions.
- No Guarantor required.
- Fast Track loan processing for salaried customers.
For Salaried Individuals
Eligibility & Loan Criteria
- Minimum Net Income Criteria: Rs.
150,000 per annum (Income clubbing is allowed - With Parents, Spouse, unmarried Brother/Sister staying together).
- Age Criteria : Minimum 21 years and Maximum 58 years at loan maturity.
- Minimum Work Experience Criteria: 3 years (continuously).
- Minimum Stay at Residence Criteria: 1 year.
- Loan To Value: Up to 65% for loan amount less than or equal to Rs.
50 lacs.
- Loan To Value: Up to 55% for loan amount greater than Rs.
50 lacs.
Financial Documentation Requirement for Salaried Customers
- Latest 3 Form 16s.
- Latest 3 Monthly Salary Slip/Certificate.
- Last 6 months primary bank account statement.
- Pan Card Copy.
For Self Employed Professionals & BusinessmenEligibility & Loan Criteria
- Minimum Net Income Criteria: Rs.
150,000 per annum.
- Age Criteria: Minimum 21 years and Maximum 70 years.
- In the same line of business for 3 years or more. Current year & Previous year: Minimum Revenue Rs.
3 lacs.
- Minimum Stay at Residence Criteria: 1 year.
- Loan To Value: Up to 65% for loan amount less than or equal to Rs.
50 lacs.
- Loan To Value: Up to 55% for loan amount greater than Rs.
50 lacs.
Financial Documentation Requirement
- Acknowledged IT Returns of last 3 years (Balance Sheet, Profit & Loss & Computation of Income).
- Last 12 months primary bank account statement.
- Pan Card Copy.
- Degree Certificate for Professionals (Doctors, Architects, Chartered Accountants etc.).