Q: Income Proof Documents

For Self-Employed applicant/Co-ApplicantFor Salaried Applicant/ Co-ApplicantIncome tax Returns for the last three yearsCopy of 16G form Income tax return slip of last two years.Certificate of QualificationSalaries slip of last two monthsBalance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years----Business Licence Details----Business address proof----TDS Certificate----

Q: Income Proof Documents for NRI

For Self-Employed applicant/Co-ApplicantFor Salaried Applicant/ Co-ApplicantProof of income if the applicant/co-applicant is a self-employed professional/businessman.Valid work permitBusiness address proofEmployment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language.Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 yearsSalary slips for the last 3 monthsIndividual Tax Return for the last 2 years – Not applicable to NRIs/PIOs located in the Middle East countries.Bank statements indicating salary credit for the last 6 months

Question 1

Top home loan schemes & offers

Accepted Answer

Kotak Mahindra BankThe bank offers low interest rates starting from 8.70 % p.a.Professing charges are up to 0.05% of your loan amount.Loan tenure is up to 20 years.Zero reimbursement feeBalance transfer with the top-up facility is available.Canara Bank Housing LoanThey provide low interest rates for women beginning from 6.90% -10.5% P.A.Maximum reimbursement tenure of 30 yearsProcessing fee of up to 0.50% of the loan amountYou can use it to purchase or construct a house/flatZero prepayment amountsAxis Bank Home LoanLow interest rates starting from 9.00% p.a.Loan amounts of up to Rs.5 croreMaximum repayment tenure of 30 yearsProcessing fee of up to 1% of the loan amountNo prepayment/foreclosure chargesHDFC Reach Home Loans for self-employed professionalsFor Self -employed interest rates start from 8.45% p.a.Flexible repayment tenure of up to 30 yearsFlexible reimbursement tenure of up to 30 yearsProcessing fee of 2% of the loan amountMinimal documentation with a minimum income of Rs.2 lakh p.a.Add a woman co-owner for lower interest ratesHDFC Home Loans for PurchaseLow interest rates begin from 8.60% p.aHDFC loan tenure of up to 30 yearsProcessing fee of up to 0.50% of the loan amountSpecial arrangement for Indian army employees through a partnership with AGIFLegal and technical counselling from expertsEMIs start at just Rs.776 per lakhPNB HFL Home LoanEngaging rates starting from 9.50% p.a.Zero processing feeHome loan tenure of up to 30 yearsProcessing fee of up to 0.5% of the loan amountLoan enhancement in case of escalating costsQuick loan application and approval processHDFC Home Loans for Existing CustomersLow-interest rates starting from 8.60% p.a.The Maximum term of 30 yearsProcessing fee of 0.5% of the loan amountQuick loan disbursalCan add a co-applicant to increase the loan amountEMIs start at just Rs.776 per lakhSBI Realty Home LoanLow-interest rates starting from 8.60% p.a.The Maximum tenure of ten yearsProcessing fee of up to 0.35% of the loan amountMaximum loan amount of up to Rs.15 croreInterest rate concession for women borrowersHDFC Home Loans Balance TransferInterest rates starting from 8.75% p.a.Avail of an additional top-up loan of up to Rs.50 lakhLoan tenure of up to 30 yearsProcessing fee of up to 0.5% of the loan amountEMIs start at just Rs.776 per lakhSBI Smart Home Top-Up LoanInterest rates starting from 9.55% p.a.Maximum loan tenure of 10 yearsProcessing fee of Rs.2,000 + GSTOverdraft facility for loans above Rs.20 lakhLoan tenure of up to 30 yearsNo prepayment penaltyUnion Awas Home LoanInterest rates begin from 8.75% p.a. for credit scores below 600 for loans amounting up to Rs.30 lakhMoratorium period of up to 3 years for construction or buying homeLoan tenure of up to 30 yearsFor agriculturists, quarterly/half-yearly/annual reimbursements instead of EMI can be availed.Open to endless employees of educational institutions and agriculturists with a yearly income of up to Rs.48,000 p.a.

Question 2

Eligibility

Accepted Answer

EligibilityRequirementAgeMinimum Age: 18 years and Maximum Age: 70 yearsResident TypeThe applicant must be (any one):Resident IndianNon-Resident India (NRI)Person of Indian Origin (PIO)EmploymentThe applicant can be (any one):SalariedSelf-employedNet Annual IncomeAt least Rs.5-6 lakh depending on the type of employmentResidenceThe applicant must have (any one):A permanent residenceA rented residence where he/she has resided for at least a year prior to applying for a loanCredit scoreA good credit score of at least 750 or more obtained from a recognised credit bureau﻿

Question 3

Documents For Home Loan

Accepted Answer

Identity Proof (anyone)Residence Proof (any one)Other DocumentsDriving LicencesCopy of Electricity Bill/Water Bill/Telephone BillEmployer Identity CardPANCopy of valid Passport/Aadhar card /Driving LicenseDuly filled loan application form affixed with 3 passport size photographsVoter ID Card----Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions

Question 4

Income Proof Documents

Accepted Answer

For Self-Employed applicant/Co-Applicant	For Salaried Applicant/ Co-Applicant
Income tax Returns for the last three years	Copy of 16G form Income tax return slip of last two years.
Certificate of Qualification	Salaries slip of last two months
Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years	----
Business Licence Details	----
Business address proof	----
TDS Certificate	----

Question 5

Documents from all Non-Resident Indians (NRIs) Applicants

Accepted Answer

Identity Proof (anyone)Residence Proof (any one)Other DocumentsPANTelephone billAttested copy of the applicant’s/co-applicants’/guarantor’s valid passport and visaValid PassportElectricity billProof of residence indicating the applicant’s current overseas addressDriver’s LicenceWater billEmployer Identity CardVoter ID CardPiped Gas billIf the applicant is employed in the Merchant Navy, the applicant is required to submit a copy of Continuous Discharge Certificate (CDC)----Valid PassportPIO Card issued by the Government of India in case the applicant/co-applicant is a Person of Indian Origin (PIO).----Driving LicenceThe completed loan application form duly filled with three passport size photographs of the applicant and co-applicants.----Aadhaar CardThe attestation of the documents can be done by: 1. Indian Embassy/Consulate 2. Overseas Notary Public 3. FOs/Representative--------Offices 4. Officials of Branch/Sourcing Units based in India

Question 6

Income Proof Documents for NRI

Accepted Answer

For Self-Employed applicant/Co-Applicant	For Salaried Applicant/ Co-Applicant
Proof of income if the applicant/co-applicant is a self-employed professional/businessman.	Valid work permit
Business address proof	Employment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language.
Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 years	Salary slips for the last 3 months
Individual Tax Return for the last 2 years – Not applicable to NRIs/PIOs located in the Middle East countries.	Bank statements indicating salary credit for the last 6 months

Eligibility	Requirement
Age	Minimum Age: 18 years and Maximum Age: 70 years
Resident Type	The applicant must be (any one): Resident Indian Non-Resident India (NRI) Person of Indian Origin (PIO)
Employment	The applicant can be (any one): Salaried Self-employed
Net Annual Income	At least Rs.5-6 lakh depending on the type of employment
Residence	The applicant must have (any one): A permanent residence A rented residence where he/she has resided for at least a year prior to applying for a loan
Credit score	A good credit score of at least 750 or more obtained from a recognised credit bureau

Identity Proof (anyone)	Residence Proof (any one)	Other Documents
Driving Licences	Copy of Electricity Bill/Water Bill/Telephone Bill	Employer Identity Card
PAN	Copy of valid Passport/Aadhar card /Driving License	Duly filled loan application form affixed with 3 passport size photographs
Voter ID Card	----	Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions

Apply for Home Loan – Interest Rates, Eligibility, and More

Yes Bank Home Loan

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