Federal Housing Loan

CIBIL Score

• CIBIL score preferably above 750

Required Documents

• Two passport size photos each of the applicant/ and the co-obligant
• Identity Proof – Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
• Address Proof – Passport / Voters ID / Driving License / Aadhaar Card
• Age Proof – Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate
• Certified copy of Passport, Visa, Work Permit, ID card (Applicable for NRI customers)
• Income Documents - For Resident Salaried - Latest Salary Certificate / Salary Slip (3 months) ,Copies of IT returns (2 years) or Form No.16 (2 years) and Latest 6 month's Bank Account statement evidencing the salary credits
• Income Documents - For Resident Self Employed - Proof of Business existence & Business Profile ,Last 12 months bank a/c statements and IT returns for 2 years supported by Balance Sheet, P&L Account for the past two years. Where ever available, Tax paid challans may also be collected OR Last 2 years IT returns supported by Tax calculation sheet & Tax paid challans

Loan Processing Charges

• 0.50% (Rs 10,000- Rs 2 lakh)

Features

• Loan Tenure Up to 30 years
• Maximum funding for your dream house -85% of the project cost.
• Loan amount up to Rs. 1500 Lakhs
• Loan can be availed in overdraft format
• Repayment holiday up to 36 months.
• Minimal paperwork
• Longer repayment period up to 360 months
• Speedy loan approval
• Optional funding for life insurance
• No pre closure charges
• Easy top up loans in future.
• Low processing fees
• Repayment of the loan is made as Equated Monthly Installments (EMI).
• LTV Ratio: Up to 85% of project cost