Home, sweet home, built out of your dreams. A place where you return after a hard day's work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. We are here to help you realize your long cherished dream of owning your home through hassle free and customer friendly home loans.

Journey towards the home loan…

Filing an application for a home loan may seem like a prodigious job, but it need not be so.Please find the steps enlisted below for your home loan application

Step 1: Apply for home loan

The initial step involves filling the application form for home loan along with the required documents & one-time processing fee cheque.

Financial documents required:

For Salaried
• " Latest salary slip/salary certificate showing all deductions for the past six months.
• Form 16 for the past three years.
• If your job is transferable, permanent address to be provided.
• If you have been in your present employment / business or profession for less than a year, mention details of occupation for previous five years, giving position held, reasons for change and period of the same.
• Verification of employment details.

For Self-employed
• Computation of Income for the last 3 years certified by a C.A. & P&L and Balance Sheet for the last 3 years certified by a C.A.
• Copies of acknowledged IT returns for last 3 years.
• Information on the nature of the business/profession, year of establishment, bankers, etc.,
• Bank statement for last 6 months.
• Your net value as an applicant/co-applicant.

Step 2: Property Documents to be furnished:
• Title deeds of the builder/land owner for a period of at least 13 years.
• Development agreement between the builder and landowner if applicable.
• Power of Attorney executed in favour of the builder, if applicable.
• An encumbrance certificate for the past 13 years. An encumbrance certificate is report issued by registrar of assurances or sub-registrar's office after due verification of the relevant documents certifying that the property in question is free from all encumbrances such as mortgages, leases, easements or restrictions.
• A khata certificate. This certificate is the basic document indicating ownership of property as entered in the register of the government authorities.
• Tax paid receipts of the property.
• A sanctioned plan and license.

Step 3: Back-end Work at Loan issuing corporation/bank
• An agreement for sale and a construction agreement with the borrower.
• A comprehensive legal scrutiny will be done.
• Pre-sanction inspection of the property will be carried out.
• Credit review and personal interview.
• Following this, a sanction letter will be issued.
• Acceptance of sanction letter. Administrative fee to be paid at this juncture.

Step 4: Final documentation for the loan
• Tripartite agreement between the borrower, builder and the housing finance corporation to be submitted.
• Proof of investment of margin money to be submitted.
• Signing of loan papers by the applicants.
• The guarantee agreements to be executed by the guarantors.
• The original documents executed with the builder to be submitted.

Step 5: Disbursement of the loan
• Inspection of the property will be carried out to ensure progress of work done.
• Following this, there will be a release of loan amount directly to the builder to coincide with the progress of work done as per the agreement with the builder.
• No objection certificate from the builder to mortgage the property in favour of the housing finance corporation to be obtained.
• No objection certificate to be obtained from other housing finance companies if the builder has availed a project loan, to release the mortgage right over the flat to be financed by the corporation you are securing the loan from.

Step 6: After release of the loan amount
• Receipt to be acquired from the builder for the amount released.
• The sale deed, duly registered, must be attained.
• An encumbrance certificate will be deemed necessary.
• Tax-paid receipt would be required.
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