Combo Home Loan for plot purchase plus construction
The new product “Combo Home Loan” addresses the requirement for both the purchase of a plot and the construction of a house in one composite loan. The Combo Home Loan will provide an upfront Home Loan sanction, giving you the comfort of being able to acquire a loan for building after purchasing a plot of land.
Features
Eligibility
Documents Required
- Home Loan products for Plot Purchase plus Construction
- Low Interest Rates
- Low Processing Fees
- No Hidden Charges
- No Pre Payment Penalty
- Interest on daily reducing Balance
- Repayment up to 30 years
- Interest Concession for Women Borrowers
- Resident Type: Resident/Non Resident Indian
- Minimum Age: 18 years
- Maximum Age: 70 years
- Loan Tenure : Up to 30 years
List of papers/ documents applicable to all applicants:
- Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
- Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
- Employer Identity Card
Property Papers:
- Registered Agreement for sale (only for Maharashtra)/Allotment letter/Stamped Agreement for sale along with all link documents
- Payment Receipts or Bank A/C statement showing all the payment made to builder/seller
Account Statement:
- Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
- If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
- Salary Slip or Salary Certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:
- Business address proof
- IT returns for last 3 years
- Balance Sheet & Profit & Loss A/c for last 3 years
- Business License Details(or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)