You can avail a maximum loan of 80% of the agreement value. However your loan amount may differ as per your income eligibility as appraised by the bank. All loans are at the sole discretion of the bank.
Banks and financial institutions usually offer loans for a term of 10-25 years.
Basic documents:
- Form 16
- Age proof
- Photo identity proof
- Office address proof for self employed applicants
- Residence address proof
- Last 3 month salary slip
- Signature verification proof
- Proof of existence of the company
- Fee cheque for salaried applicants
- Board resolution in case of a company
- Completed application form photograph
- A brief introduction of business / profession
- Bank statement for the last 6 months from salary account
- Repayment track record of existing loans / loan closure letter
- Income tax return / Computation of total income / Auditors report / Balance sheet / Profit & Loss
- Account certified by chartered accountant for last 2 years (both for business and personal of partners / directors)
- Photo identity proof, Residence address proof, Signature verification statement for all the main partners / directors
