List of papers / documents applicable to all applicants:

• Completed Home loan application
• 3 passport size photographs (including those affixed in loan application)
• Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
• Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
• Proof business address, in case of non- salaried borrowers
• Statement of bank account for the last six months
• Signature identification from present bankers.
• Personal Assets and Liabilities Statements in Bank’s standard format
• Brief write up of securities charged in respect of other loans availed from our Bank/other
• Banks/ Auto & Housing Loan Companies /other sources

Additional documents required for salaried persons:

• Original salary certificate for last month.
• TDS certificate- Form 16 or copy of I.T. Returns for the last two financial years, duly acknowledged by I.T. Deptt.*.
• Three years I.T.Returns duly acknowledged by I.T Deptt./ I.T. Assessment Orders for computation of income*
• Copies of challans in respect of advance payment of income tax*
• NOTE: Photocopies to be kept for our records after verification of the originals with suitable nothing regarding verification of the original

Property documents and Property certified by revenue authorities:

• Sale Deed, Agreement of Sale. Original Share Certificate(s) issued by the society.
• Land and Building tax paid receipts, possession certificate, and location sketch ofproperty certified by revenue authorities.
• Letter of allotment from Housing Board /Society/ Private builder.
• Original receipts regarding advance payments towards purchase of flat
• Non encumbrance certificate for the last 12/30 years.
• Original of land tax paid receipt and possession certificate issued by the revenue authorities.
• Copy of permission from Appropriate Authority and approved building plan (and also key plan / floor plan incase of purchase of flats)
• Original NOC under ULC Act 1976
• Copy of the relative order in case of conversion of agricultural land.
• Detailed estimate of cost of construction of House
• Letter from the Builder / Society /Housing Board intimating their account number and name of their bankers, for remittance of installments

Other documents:

• In case of loan granted for purchase of plot of land, declaration by the borrower agreeing to construct the house within the stipulated period.
• Lawyer’s report as per the standard format (Bank’s of Instructions)
• Valuation report from empanelled valuer as per standard format.

Age Criteria:

• Particulars Salaried Individual: Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity.
• Self Employed, Patnership Firm,Private/Public Ltd co: The applicant should be above 25 years old at time of application, and up to 58 years of age at time of maturity of the loan and Limited companies should have been in existence for at least 3 years

Income Criteria

• Particulars Salaried Individual: Gross annual income of at least Rs. 4 lakhs. Also Stability The total employment stability should be more than 2 years and current employment stability of minimum 1 year
• Self Employed, Patnership Firm,Private/Public Ltd co: Gross annual income of at least Rs.2.5lakhs , Firm should have a minimum PAT (profit after tax) of Rs.2.5lakhs Minimum PAT (profit after tax) of Rs. 2.50 lakhs respectively .Business stability should be more than 3 years for Self Employed, Patnership Firm,Private/Public Ltd co

Self Employed (Individuals) include – Sole proprietors, Partners & Directors:

• ID Proof: Papers as proof of identity like Passport, Pan card, Voters ID Card and Driving License.Address Proof
• Address Proof
• Proof of Continuity Of Business
• Bank Statement 6 Months
• Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower})
• ITR & Statement Of Computation of Income – for last 2 Years
• CA Certified or Audited P/L Acc Statement and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 2 years
• Latest ITR of Co-Applicants – For last 2 Years
• Ownership Proof of Residence or Office

Self Employed (Individuals) include – Sole proprietors, Partners & Directors:

1. Eligibility Criteria:
• Minimum age of Applicant: 21 years.
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum of 3 years in current business and 5 years total business experience.
• Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a..
2. Documents required:
• PAN Card
• Address Proof (Ration card Tel/elect. Bill/ Lease agreement/ Passport/ Trade license /Sales Tax certificate)
• Bank Statement (latest 6 months bank)
• Latest ITR along with computation of income, Balance Sheet & Profit & Loss a/c for the last 2 yrs. Audited or Certified by a CA
• Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
• Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)