For
Purchase of House
/ Flat or a Plot and
construction thereon.
Loan up to 60 times
of Net Monthly
Salary/Income or 80 % of Agreement Value
whichever is lower.
Easy Repayment
Period up to 180
months.
Benefits under
Income Tax Act as
applicable.
Purpose
Purchase of Plot &
Construction thereon
or outright purchases of House /Flat
Quantum of Finance
80% of the agreement value
Or
60 times of net monthly
salary (in case of salaried persons)
Or
5 times of net annual income
(in case of other than salaried persons)
Or
80% of the Valuation ( in
Case Of Re-sale )
whichever is less
Maximum upto Rs. 50 lacs ( per person) Security
Equitable / Registered
Mortgage of Residential
Flat / Bungalow
Repayment
Maximum 180 months (15 yrs)
Guarantors
Two
Common Documents
Attested photocopy of PAN
card / Passport / Driving
License.
Attested photocopy of Ration
Card / Electricity bill /
Telephone bill
Latest Salary Slip and Form
No. 16 in case of salaried
persons
Audited Balance sheet /
Profit & Loss statement for
last 3 years in respect of
firm/company
Income Tax returns, with
computation of total income
for last 3 years in case of
professionals and self-employed persons
C.A. Certified
Net Worth Form of borrower
and guarantors
Copy of Bank statement (at
least six months)
Latest passport size
photographs
Documents
Original Sale agreement duly
stamped and registered
Original NOC from
Society/Builder in Bank's
prescribed format
Valuation report (In case of
re-sale) From Banks approved
Valuer.
Legal opinion from Bank's
approved advocate
Latest maintenance receipt
::
Jan –
Nivas Home Loan
For
Purchase of House
/ Flat or a Plot and
