lic housing finance

LIC Housing Finance - Eligibility, Rates and Apply

LIC Housing FinanceLIC Housing Finance Ltd. is one of the largest Housing Finance Company in India.It provides Housing Loan for long term Finance with low Home Loan Interest Rates. You can take a Home Loan either for purchasing a plot or for house extension or for repair & renovation.

Current Floating Home Loan Interest Rates of LIC Housing Finance

Loan Schemes

Up to 30 Lacs From 30 lacs to 75 Lacs From 75 lacs to 1.5 Crore

LIC Housing Finance

Scheme I : 10.40%Scheme II : 10.70%

(Fixed for 3 yrs)Scheme III : 11.15%

(fixed for 5 yrs)

Scheme I : 10.40%Scheme II : 11.20% (fixed

for 3 yrs)Scheme III : 11.40%

(fixed for 5 yrs)

Scheme I : 10.40%Scheme II : 11.70% (Fixed

for 3 yrs)Scheme III : 11.65% (fixed

for 5 yrs)

For more information about the LIC home Loan

Salaried Self employed

AGE 18years to 60years 18years to 60years

Income Rs.15000 (p.m) NTH ITR - 2,00,000(p.a)

Loan Amount Offered

5,00,000 - 1,00,00000 5,00,000 - 2,00,00000

Tenure 5 years - 25 years 5 years - 20 years

Current Experience 2 years 3 years

Processing Fee 1% of Loan Amount 1% of Loan Amount

Documentation

1) Application form with photograph.2) Identity & residence proof.3) Latest 3 months salary slip.4) Form 16 5) Last 6 months salaried bank statements 6) Processing fee cheque

1) Application form with photograph.2) Identity & residence proof.3) Education qualifications certificate & proof of business existence.4) Business profile, Last 3 years profit/loss & balance sheet.5) Last 6 months bank statements.6) Processing fee cheque

Pre-payment charges are waived off if paid through own sources / through salary a/c cheque.

Security1. Equitable Mortgage of Residential House/Flat/Plot2. Demand Promissory Note.

State Bank Of India Home Loan

The Most Preferred Home Loan provider SBI Bank offers a Home Loan with Attractive Interest Rates with Latest Schemes and Benefits. SBI also provides a Housing loan with different schemes. Schemes Are:- 1. SBI Easy Home Loan2. SBI Advantage Home Loan3. SBI Housing Finance Scheme4. SBI Happy Home Loans5. SBI Life Style Loan6. SBI Green Home Loan7. SBI Home Plus8. SBI Home Line9. SBI MY HOME CAMPAIGN

Current Floating Home Loan Interest Rates of SBI

Bank Name

Up to 30 Lacs From 30 lacs to 75 Lacs Above 75 lacs

SBI 10.75% 11% 11.25%

Note:- Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction.

Features & Benefits of SBI Home Loan • Purchase/ Construction of House/ Flat• Purchase of a plot of land for construction of House• Lowest Home Loan Interest Rate..• Extension/ repair/ renovation/ alteration of an existing House/ Flat• Purchase of Furnishings and Consumer Durables as a part of the project cost.• Takeover of an existing loan from other Banks/ Housing Finance Companies.• Interest charged on the daily reducing balance• No penalty on prepayments of home loan• No hidden costs• Option to club income of your spouse and children to compute eligible loan amount• Provision to club depreciation, expected rent accruals from property proposed to compute eligible loan amount• Provision to finance cost of furnishing and consumer durables as part of project cost

Eligibility Criteria & Documentation required for SBI Home Loan


Age 21years to 60years 21years to 70years

Income Rs.1,20,000 (p.a.) Rs.2,00,000 (p.a.)

Loan Amount Offered

5,00,000 - 1,00,00000 5,00,000 - 2,00,00000

Tenure 5years-20years 5years-20years

Current Experience

2years 3years

Documentation

1) Application form with photograph2) Identity & residence proof3) Last 3 months salary slip 4) Form 165) Last 6 months bank salaried credit statements6) Processing fee cheque

1) Application form with photograph2) Identity & residence proof3) Education qualifications certificate & proof of business existence4) Business profile,5) Last 3 years profit/loss & balance sheet6) Last 6 months bank statements7) Processing fee cheque

Other Products from SBI (State bank of India) 1. SBI Home Loan

2. SBI Personal Loan3. SBI Housing Loan 4. SBI Card

HDFC Ltd Home Loan

HDFC Ltd brings HDFC home loans with convenient repayment options to suit your budget at your doorstep.

You can take a Home Loan for following purposes

• Home Loan-If you want to purchase fresh or resale or construct houses can apply individually or jointly for HDFC home loan. • Home Improvement Loan-HIL (Home Improvement Loan) facilitates in-house & peripheral repairs and other structural improvements like painting, waterproofing, plumbing and electric works, tiling and flooring, grills and aluminum windows.• Home Extension Loan-HEL (Home Extension Loan) facilitates the extension of an existing lodging unit. • Land Purchase Loan-HDFC Land Purchase Loan facilitates to purchase land. It can be for dream house or an investment for the future.

Features & Benefits of HDFC Ltd Home Loan

• Attractive Home Loan Rates.• Options from Fixed Rate or Floating Rate are available.• Maximum funding upto 80% of the cost of the property.• Easy repayment options.• Hassle Free Documentation.• You can choose from Fixed Rate or Floating Rate.• Flexible repayment options to suit your individual needs.

Current Home loan rates of Hdfc Ltd

Loan Schemes

Upto & including Rs 30 lacs above 30lacs to 75lacs above 75lacs

HDFC Ltd (Floating

Rates)

Scheme I : 10.75% (Fixed for 3 yrs )

Scheme II : 11.25% (Fixed for 5 yrs )

After that 10.50% rate or then applicable rate.


Scheme II : 11.50% (Fixed for 5 yrs)

After that 10.75% rate or then applicable rate.


Scheme II : 11.75% (Fixed for 5 yrs)

After that 11% rate or then applicable rate.

Documentation required for HDFC Ltd Home Loan

Salaried Customers Self Employed Professionals Self Employed Businessman

Application form with photograph

Application form with photograph Application form with photograph

Identity and Residence Proof

Identity and Residence Proof Identity and Residence Proof

Latest Salary-slip Education Qualifications Certificate and Education Qualifications Certificate and

Proof of business existence Proof of business existence

Form 16Last 3 years Income Tax returns (self

and business)Business profile

Last 6 months bank statements

Last 3 years Profit /Loss and Balance Sheet

Last 3 years Income Tax returns (self and business)

Last 3 years Profit /Loss and Balance Sheet

Processing fee chequeLast 6 months bank statements

Processing fee cheque

Last 6 months bank statements (self and business)

Processing fee cheque

Citibank Home Loan

Citibank Offers a Home Loans with low Documents and Offers. Compare Citibank Home Loans with SBI, HDFC, ICICI, LIC Housing. Know about Eligibility, Documents and interest rates of Citibank India.

Features• Attractive Home Loan Rates

• Loan up to Rs. 5 Crore• Flexible repayment tenure up to 25 years• Loans up to 89% of the property value• Flexibility to pay interest only during construction period

Home Loans available for• Purchase of Ready Property• Self-Construction• Purchase of Plot and Self-construction• Transfer of your existing Loan availed from other institutions

What is the age requirement for availing Home Loans?• The main applicant has to be 23 years of age and coapplicant should be 21 years of age when the home loan is sanctioned• Maximum age on loan maturity should not exceed 65 years

Co-borrowers to the loan can be• All property owners• All income considered borrowers• In case of partnership firm – the key partner• In case of companies – all shareholders holding 76% shares of the company.

Documents required for Salaried Individuals

• Salary slip not older than 60 days• Bank statements for last 3 months not older than 90 days• Work experience proof (required for 2 years)• Photograph for all individuals• Date of birth proof for all individuals• Signature verification proof for all individuals• Residence address proof for all individuals• Business address proof for all self-employed customers

Documents Required for Self-Employed

(Required for 2 years)• Income Tax Return• Computation of income for tax purposes• Financials (Balance Sheet / Profit and Loss Account along with all Schedules)- Attested by Chartered Accountant• Bank statements for last 3 months not older than 30 days• Business continuity proof for 3 years• Photograph for all individuals• Date of birth proof for all individuals• Identification proof for all borrowers• Signature verification proof for all individuals• Residence address proof for all individuals• Business address proof for all self-employed customers

Companies• Memorandum & Articles of Association• Certificate of Incorporation• CA certificate for list of directors and list of shareholders along with shareholding pattern

Partnership Firm• Latest partnership deed• CA certificate for list of partners along with profit sharing ratioProperty Documents• Photocopies of title deeds, agreement to sell, encumbrance certificate• Approved plans and clearance certificates from authorities• Allotment letters and / or by-laws of the co-operative society / Association of apartment owners.

ICICI Bank Home Loan

One of the largest Home Loan financing company is ICICI Bank Home Loan. The attractive rate of interests, simple documentation & fast processing makes the customer to take the Home loan from them

ICICI Bank Home Loan offers you Home Loan for following purposes 1. Home Loan- If you want to purchase a new home then you can apply individually or jointly. 2. Home Improvement Loan- For your home improvement you can take the Home Improvement Loan from ICICI Bank.3. EMI Under Construction- EMI Under Construction helps you to make payments in EMI, in a partly sanctioned loan for an under construction project.4. Balance Transfer-ICICI Bank Home Loan gives you facility to transfer your running loan from an other Bank 5. Top-Up Loan- ICICI Bank Home Loan facilitates the Top-Up Loan, an additional funding against the security of your property.

Features & Benefits of ICICI Bank Home Loan

• Attractive Home Loan Rates • No charges on part pre-payment of your Home Loan• Top Up & Home Improvement Loan facility available on existing Home Loan• Home loan amounts suited to your needs • Home Loan tenure upto 25 years • Simplified Documentation • Doorstep Delivery of home loan papers • Sanction approval without having selected a property.

• Free Personal Accident Insurance policies • Insurance options for your home loan at attractive premium

Current Home Loan Interest Rates of ICICI Bank Home LoanLoan Schemes Up to 25 Lacs From 25Lacs to 75 Lacs Above 75 Lacs

ICICI BankHome Loan

Scheme I :10.50% (Fixed 1 yr)

Scheme II : 10.75% (Fixed 2yrs)

Scheme III : 10.75% (Fixed 3yrs),

then 10.50%

Scheme I :11% (Fixed 1 yr),Scheme II : 11.25% (Fixed

2yrs)Scheme III : 11.25% (Fixed

3yrs),then 11%

Scheme I :11.50% (Fixed 1 yr)

Scheme II : 11.75% (Fixed 2yrs)

Scheme III : 11.75% (Fixed 2yrs)

then 11.50%

Documentation required for ICICI Bank Home Loan



Income Rs.1,44,000 (p.a) Rs.1,50,000 (p.a)

Loan Amount Offered

2,00,000 - 1,00,00000 2,00,000 - 2,00,00000


Current Experience

1years 3years

Processing Fee0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher

0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher

Documentation

1) Application form with photograph2) Identity & residence proof3) Latest salary slip4) Form 165) Last 6 months bank statements6) Processing fee cheque

1) Application form with photograph 2) Identity & residence proof3) Proof of business existence4) Profile of the Business5) Last 3years ITR6) Last 6 months bank statements7) Processing fee cheque

Available Products of ICICI Bank are:• ICICI Personal Loan

• ICICI Home Loan

• ICICI Car Loan

• ICICI Credit Card

First Blue Home Finance Ltd Home Loan

Making the Home Loan acquisition process faster, simpler and more refreshing the First Blue way! Offering a full range of contemporarily fixed and variable interest rate home loan schemes, which are competitive with the best in the market.

Offers Home Loan for following purposes.• Purchase of Flat/ House.• Purchase of Land.• Land Purchase cum Construction.• Home Extension / Improvement Loan.• Balance Transfer.• For Property Registration.

Features and Benefits• Loans up to 20 years.• No Prepayment Penalty*.• Attractive ROI with Multiple Schemes.• Loans up to 85%* of property value.• Rental income considered in total income.• Option to pay EMI in partial disbursed cases. • Personal Accident coverage free of cost with property insurance.• Home Assure - An insurance coverage on outstanding principal, which can be part of the loan value and therefore no upfront premium payable.

Current Home loan Interest rates of First Blue Home Finance

Product Loan Amount EntityApplicable

ROIApplicable ROI for Land Loans

Fee Applicable for Salaried/Self

employed

Housing & Land Loans

Upto 25 Lacs

Salaried/SEP 10.75% 11%

0.5% or 6000 whichever is less plus doc charges

plus taxes (Salaried) AND 0.5% plus doc charges plus taxes

(SEP)

Above 25 Lacs and

upto Rs. 75 Lacs

Salaried/SEP 11% 11.25%



(SEP)

Loan greater than Rs. 75 Lacs

Salaried/SEP 11.50% 11.75%



(SEP)

for self employed applicable rates are 0.5% higher than the normal rates

Documentation Check List

Documents Salaried Self Employed NRI

Personal Documents

• Pan Card.• Residence proof.• Age and Identity Proof.

• Pan Card.• Id and D.O.B proof of guarantor.• Residence and office address proof of applicant and guarantor.• Qualification proof of self employed professional.

• Copy of Passport and valid visa.• Copy of valid work permit.• Copy of PIO card of person of Indian origin .• Copy of identity card issued by current employer.

Other Documents

• 3-6 salary slips with bank statement reflecting salary credits.• All bank A/Cs of the applicant for last 3 months.• Increment/Appointment letter.

• P/L Account+ B/S along with ITR computation for last year.• VAT Returns, TDS Certificates, Audit report, schedules.• Last 6 months bank statement.• For rental Income: ITR, Bank, credit, ownership proof, rent agreement.• Business profile.

• Copy of employment contract/increment/confirmation letter.• Past occupation history ( last 3 years).• Latest salary Slips/salary certificate.• Overseas and domestic bank account statement for the last six month ( including NRE/NRO accounts).

Personal Documents

• Filled application form with recent passport size photograph• Processing fee cheque in favour of 'First Blue Home Finance Limited'• Property documentations• Any other documents as may be required

• Filled application form with recent passport size photograph• Processing fee cheque in favour of 'First Blue Home Finance Limited'• Property documentations• Any other documents as

• Latest Credit Score Report• Overseas and domestic loan detail• Filled application form with recent passport size photograph• Processing fee cheque in favour of ' First Blue Home Finance Limited' from NRE/NRO account

may be required• Director's and stakeholder's List MOA/Partnership deed

IDBI Home Finance Home Loan

With IDBI home loan you can fulfill your dream of owing a home.IDBI helps to convert your long cherished dream to get a place where you can relax & enjoy your life with your loved one.

IDBI offers you home loan for following purposes 1. Individual Home Loan : A loan that is provided to individuals for buying a new home or construct dwelling unit. for NRIs the maximum tenure is 10 years subject to maximum age of 60 years at maturity. 2. Home Improvement Loan : A loan through which you can repair or renovate your existing home.3. Home Extension Loan : For extension of your existing home you can take a Home Extension Loan.4. Home Loan for NRI’s : For Non-resident of India can take this loan.5. Plot Loan : Loan for purchase of plot of loan for constructing in a residentially approved area.

Documentation and eligibility required for IDBI Home Loan Salaried Self employed


Income 1,44,000(p.a) 1,50,000(p.a)

Loan Amount 2,00,000 - 1,00,00000 2,00,000 - 2,00,00000

Tenure 5 years to 20 years 5 years to 20 years

Documentation

1) Application form with photograph2) Identity & residence proof 3) Latest salary slip4) Form 165) Last 6 months bank statements6) Processing fee cheque

1) Application form with photograph2) Identity & residence proof3) Education qualifications certificate & proof of business existence4) Business profile, Last 3 years profit/loss & balance sheet,5) Last 6 months bank statements6) Processing fee cheque

DHFL Home Loan

DHFL ( Dewan Housing Finance Corporation Limited ) offers home loan to individuals & Corporate bodies.

You can take Home Loan from DHFL for the following purposes1. Home Extension – Those who want to extend their existing accommodation can take

a Home Extension Loan. 2. Home Improvement Loan- This is offered to those individuals who want to renovate or want to repaint their home. 3. Home Loan for NRI’s – This is offered to Non-Resident Indians (NRIs) for residential property in India. They can also avail this loan for purchase, contruction, improvement & extension. 4. Plot Loan- A individual can avail Plot loan from DHFL. It can be taken to purchase non-agricultural loan situated within Municipal/Local Development Authority limits. 5. Loan against Property - A professionally qualified individual who is either salaried or self employed can take mortgage loan from DHFL, against their residential property.

Features & Benefits of DHFL Home Loan1. DHFL offers home loan to Individuals & Corporate bodies.

2. Prepayment option. 3. Hassle frees Process.

4. Loan sanctioned up to 85% of the property cost.

Interest Rates of DHFL

Bank Name

Up to 20 Lacs

From 21 Lacs to 30 Lacs

From 31 Lacs to 75

Lacs

Above 75 Lacs

ProcessingFee

Prepaymentcharges

DHFL10.75% (Upto 15Lacs), then

11%11% 11.25% 11.75%

0.5% - 1%(basis on profile)

If 20% of outstanding amount is paid every year -No

Penalty , otherwise 2% of outstanding amount

Eligibility & documentation required for DHFL Home Loan


Age Up to retirement ageUp to retirement age or 65 years whichever is earlier

Minimum Income 10,000 in Rural and 15,000 in Urban -

Loan Amount Offered Maximum-5,00,00,000 Maximum-5,00,00,000

Tenure

Home Extension-1yr to 20yrsHome Improvement-1yr to 10yrsHome Loan for NRI’s-1yr to 15yrsPlot Loan-1yr to 20yrsMortgage Loan-1yr to 7yrs

Home Extension-1yr to 20yrsHome Improvement-1yr to 10yrsHome Loan for NRI’s-1yr to 15yrsPlot Loan-1yr to 20yrsMortgage Loan-1yr to 7yrs

Processing Fee 1% 1%

Documentation 1) Complete Application Form,2) Residence Proof, Identification Proof,3) Income Proof, Last 3 months Salary slip or Salary Certificate, If Salary is above 10000 per month than Latest Form 164) Last 1 year bank statement5) Property Documents with Map

Residence Proof, Identification Proof, Business Proof:1) Brief Business Profile on the letter head2) Copy of Shop & Establishment License / VAT Registration or any other mandatory license / registration3) Copy of Partnership deed Details of Contract,4) Copy of last 3 years Income Tax Returns,5) Copy of last 3 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant,6) Bank Statement for the last 1 year for the Savings A/c & Current A/c

7) Form 16 /Tax deduction certificate8) Copy of Advance Tax paid / self assessment tax paid Challan9) Property Documents with Map

Axis Bank Home Loan

Axis Bank's Power Home helps you to get your dream home. Simple documentation and easy way to get a home loan. Features and benefits of Axis Bank Home Loan • Attractive Home loan rate of interest

• Balance Transfer Facility• You can choose between floating rate of interest and fixed rate of interest• Loan can be sanctioned if you want to purchase any residential plot or a new house/flat• Pre approved loan facility

Documentation and eligibility for Axis Bank Home Loan


Age 24 years to 60 years 24 years to 65 years

Loan Amount Offered Rs.1Lac to 50Lacs Rs.1Lac to 50Lacs

Processing Fee1% of the Loan Amount + applicable taxes

1% of the Loan Amount + applicable taxes

Documentation

1) Application form with photograph 2) Identity & residence proof3) Latest salary slip,4) Form 165) Last 6 months bank statements6) Processing fee cheque

1) Application form with photograph2) Identity & residence proof3) Education qualifications certificate & proof of business existence4) Business profile, Last 3 years profit/loss & balance sheet5) Last 6 months bank statements6) Processing fee cheque

Deutsche Bank Home Loan

Deutsche Bank offers you a home loan that will fulfill your dream of owing a dream home for yourself. Deutsche Bank offers (credit card, fixed deposits and loan against property) you a wide range of home loan options* and home loan interest rates that are specific to your needs and requirement...

Features:• Minimum Age : 23 years• Minimum Gross Annual Income (Rs): 65 years or retirement, whichever is earlier• Minimum stay at current residence: 1 year• Total work or business experience• For Salaried:• 2 years (for loans up to Rs 1 crore)• 4 years (for loans greater than Rs 1 crore)• For Self Employed• 2 years (for loans up to Rs 1 crore)

• 5 years (for loans greater than Rs 1 crore)• Telephone: Mandatory for both residence and office

Loan AmountThe home loan amount depends on your repayment capability and is restricted to a maximum of 85% of the cost of the property or the cost of construction as applicable.

Documentation & eligibility for Deutsche Bank Home Loan


AGE 23 years to 60 years 23 years to 65 years

Income Rs.100,000 (p.a) Rs.100,000 (p.a)

Loan Amount Offered

Upto 2crore Upto 2crore


Current Experience

1years 1years

Processing Fee 11000/- or 0.5% 11000/- or 0.5%

Documentation

1) Salary slips of last one month or salary certificate. 2) Form 163) HR certification showing all allowances and reimbursements (if any)4) Copy of bank statement (main account) for last 6 months.5) Photo Identity6) Proof of signature.7) Proof of Residence.8) Proof of age.

1) Income tax returns for last 2 years.2) Profit & Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA.3) Proof of business continuity for last 3 years.4) Copy of bank statement (main account) for last 6 months.5) Short note on the nature of business, form of organisation, clients and suppliers, etc.6) Photo Identity.7) Proof of signature.8) Proof of Residence.9) Proof of age

Standard Chartered Bank Home Loan

If you are looking for a Home Loan that suits your pocket & fulfill the basic need of a Dream Home, then Standard Chartered is there to convert this dream into reality. The unique features, benefits & a wide range of loans (personal loan, loan against

property and credit card) are available for you to purchasing a plot, construction flat, home extension and renovation.

Special Features : • Loan is available for salaried and self employed• Only one time processing fees and no hidden charges is there• You can choose tenure from 5 years to 20 years• You can transfer your existing high interest loan to lower interest and save on interest

Additional Benefits : • Provide insurance on your home loan which protect your family from the burden for the repayment of the home loan in the unfortunate event of your death • Give you the facility to save your tax • It allows the top up on your home loan at attractive rate of interest if you repaying more than 6 months

Current Home Loan Interest Rates of Standard Chartered Bank Home LoanLoan Schemes below 75lac Above 75 lacs

Standard Chartered Bank 10% 10.50%



Income Rs.1,80,000 (p.a) Rs.2,50,000 (p.a)

Loan Amount Offered

5,00,000 - 1,00,00000 5,00,000 - 1,00,00000


Current Experience

2years 2years

Processing Fee 0.5% 0.5%

Documentation

1) Application form with photograph2) Identity & residence proof3) Last 3 months salary slip4) Form 165) Last 6 months bank salaried credit statements 6) Processing fee cheque

1) Application form with photograph2) Identity & residence proof3) Education qualifications certificate & proof of business existence4) Business profile,5) Last 3 years profit/loss & balance sheet6) Last 6 months bank statements7) Processing fee cheque

GE Money Bank Home Loan

Features:• Home Loans upto Rs. 2 Crores • Attractive interest rates • Up to 85% of property value as loan • Loans for ready to move-in residential properties • Longer tenor of up to 20 years • Attractive offers on Loan Transfer from other banks • Insurance Cover on your Home Loan • Income Tax benefits • Simple documentation and doorstep service

Documents Required• Identity Proof (any One): Passport / Voter ID card / Photo credit card / Pan card / Driving license / Present employer ID card• Signature Verification (any One): Pan card / Driving license / Passport / Credit card / Verification from bank Residence Proof (any One): Ration card / Utility bills / Passport / Voter ID card / Live lease deed / Present employers certificate

• Income ProofSalaried Individuals• Latest Salary Slip showing statutory deductions, and • Form 16 (duly signed by authorized signatory of the company), Or • Latest acknowledged IT Returns

• Bank Statement from main account for the last 6 months

Self-employed Individuals• Duly acknowledged IT Returns and computation of Income for latest 2 yrs, and • Bank Statement from main account for the last 6 months • Copies of Self Attested or Audited financial statements of the firm/ Company in which applicant/ co-applicant is the partner/ Owner/ Director (as the case may be) • Partnership Deed, Articles and MOA of the company (as the case may be) • A recent passport size photograph duly signed by the applicant and the co-applicant.

A recent passport size photograph duly signed by the applicant and the co-applicant. • Schedule + 12 months of bank statements OR 12 months Repayment Track from Approved Financier with 6 months bank statement showing 6 EMI debits. • Photocopy of RC in case of auto loan surrogate. In case of Top up, please give proof of loan continuity. • In case you would like to give cheques from a different a/c, complete 6 months bank statement for the same account is required • Bank Statement Verification Authorization letter duly signed by you • Valid Business ownership Proof.

ING VYSYA Bank Home Loan

INGVYSYA gives you liberty to buy a home for yourself. It comes with bundle of benefits, which make it simpler and easier.You can take a Home loan from INGVYSYA for following purposes1) Self-construction. 2) Extension / Alteration / Up gradation of an existing property.3) Purchase of a Resale House/Flat. 4) Purchase of a Used House/Flat. 5) Composite Loan (Purchase of a Site + Construction).6) Balance Transfer from other Banks/Fin. Institutions with Top up Loan.

Features and benefits of INGVYSYA Home Loan • Competitive interest rates• Funding upto 85% of the cost of Property• Floating Rate loans linked to HPLR i.e. Home Loan Prime Lending Rate• EMI on a daily reducing balance method• Flexible repayment options• Maximum Loan Tenor upto 20 years• Nil penalties on partial prepayments after 6 months of disbursal

Documentation and eligibility for INGVYSYA home loan



Income 1,20,000 p.a 1,50,000 p.a

Loan Amount Offered 5,00,000 - 3,00,00000 5,00,000 - 3,00,00000

Tenure 5years to 20years 5years to 20years

Current Experience 3years 3years

Documentation

1) Complete application form, 2) processing fees cheque, 3) Identification Proof, 4) Residential proof, 5) Signatures Proof, Last 3 months salary slip,6) Form 16 ,Last 3 months bank statement

1) Complete application form,2) Identification Proof, 3) Residence Proof,4) Last 3 year ITR,5) Last 6 months bank statement ,6) as Processing fees cheque

Reliance Home Loan

Attractive home loan interest rates with best-in-class features and benefits make the experience even more pleasant. The simple EMI’s per tenor you choose, makes paying back your loan an absolute breeze. Reliance Consumer Financeensure quick approvals, service of the highest quality and simple documentation to make sure that taking a home

loan is as pleasant as moving into your new home

Features: • You can get Maximum loan amount for purchase of your dream home• Higher loan eligibility• They cater to all your needs whether you are salaried or Self Employed• Enjoy the flexibility of choosing your loan tenor• Easy repayment option by way of simple EMIs• Special 'No income document' program• Attractive home loan interest rates.

Eligibility:• Minimum Age: - 21 yrs• Business / Service Continuity• Residency Stability• Minimum Gross Annual Income of Rs 200,000• Salaried / Self employed professional and Self employed non professional

Documentation :- Individual• Application form• Passport copy / PAN Card / Ration card• Passport sized photographs of all applicants / co-applicants• Latest Form 16 and 3 months salary statement• Latest 6 month bank statement• Repayment track record, if any

Sole Proprietor/Partnership/Pvt Ltd company• Application form• Passport copy / PAN Card / Ration card• Passport sized photographs of all applicants / co-applicants• Certified copies of MOA / AOA /Partnership deed• Repayment track record

• 2 years audited financials• 2 yrs ITR of directors/partners• 6 months bank statement of main operating account• Professional qualification certificate in case of Doctors / CA / Lawyers / Architects

Citifinancial Home Loan

Citi Financial offers you the best rate for your home loan. The easiest way to get a home

loan with minimum documentation required.

Choose a home loan scheme to suit your needs : Home Purchase Finance : You can fund your dream home now. Purchase a new property and get a loan up to 90% of the agreement value. Home Loan is available up to Rs. 2 CroreHome Loan Refinance with Top-up : Have your existing Home Loan bought over, and enjoy extra cash up to 70% of your home's market value. This loan is available up to Rs. 2 Crore. Home Improvement Finance : If you are looking to renovate your home, get up to 95% of the cost estimate (capped to 50% of market value). The Home Improvement is available up to Rs. 12 Lakh .Home Extension Finance : If you are planning on expanding your home. Get up to 95% of the cost estimate (capped to 60% of market value). Loans are available up to Rs. 30 Lakh*.

Features and benefits of Citi Financial :• Attractive schemes for salaried individuals• Easy income and property documentation

• Low Home loan rate• Flexible property norms

• Approved plans are not mandatory• Funding for builder flats

• Hassle-free and fastest service providerDocumentation required for Citi financial Home Loan


Age 21 years to 60years 21 years to 65years

Loan Amount Offered Upto Rs.2 crore Upto Rs.2 crore

Documentation 1) Application form with photograph2) Identity & residence proof3) Latest salary slip,4) Form 165) Last 6 months bank statements6) Processing fee cheque

1) Application form with photograph2) Identity & residence proof3) Education qualifications certificate & proof of business existence4) Business profile, Last 3 years profit/loss & balance sheet5) Last 6 months bank statements6) Processing fee cheque

Kotak Mahindra Bank Home Loan

Kotak Mahindra Bank offers you home loan for purchasing a residential property. The Home Loan solution is designed in such a way that it goes with customer need & suits his/her pocket.

Features & Benefits of Kotak Bank Home Loan Wide range of Offerings : Apart from the plain vanilla Home Loan, you can also avail of the exact scheme that suits your needs. You can choose:• Kotak Flexi Home Loan• Fixed Deposit Linked Home Loans

Free Personal Accident Insurance cover : Upto Rs. 1 crore along with your loan, which ensures that you are covered for any accidental mishaps and your family, is well

protected.

Pre-Approval facility : You can get a sanction for your loan amount based on the income, assets and employment information you provide during your consultation with Kotak Mahindra Bank. You may come across a property which you need to close at a

short notice. In such a situation, this sanction can help so that you don't miss the opportunity. The sanction is good for 6 months, giving you time to shop for the home of

your choice.

Insurance options on your Home Loans : You can also avail of a reducing insurance cover at an exclusive premium, so that you are rest assured that should any unfortunate mishap occur to you, your family is safeguarded from any repayment burdens over the

tenure of the loan.

Documentation & eligibility required for Kotak Bank Home Loan

Salaried Self-Employed

Age 21 years to 60 years 21 years to 65 years

Income 1,44,000 (p.a) 1,44,000 (p.a)

Loan Amount Offered

2,00,000 - 1,00,00000 2,00,000 - 1,00,00000

Tenure 5 years to 25 years 5 years to 25 years

Current Experience 2 years 3 years

Processing Fee 0.5% 0.5%

Loan to value ratio 85% of the property value 85% of the property value

Documentation

1) Complete application form2) Address Proof3) Age Proof4) Income Proof5) Last 6 months bank statement6) last 3 months salary slip

1) Complete application form2) Address Proof3) Age Proof4) Income Proof5) Last 6 months bank statement6) Bank statement

IDBI Bank Home Loan

Features:• Tenor of a home loan can be up to 20 years for a resident individual whereas for NRIs the maximum tenure is 10 years subject to maximum age of 60 years at maturity. • Loan can be applied for a maximum of 90% of the property value subject to credit discretion.

• Attractive home loan rates.• Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary. • Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.• Other parameters considered include an account of your age, income, number of dependents, financial stability and co-applicant’s income.

Eligibility Following are eligible to apply for an IDBI Home Loan: • Salaried individuals • Self employed professionals/businessmen • NRIs You can include your spouse/parents/children as co-applicant if you require higher eligibility subject to maximum of three applic

Current Home Loan Interest Rates of IDBI Home Loan

Loan Schemes

Up to 20 Lacs

Above 20 lacs to 30 Lacs

Above 30 lacs to 75 Lacs

Above 75 lacs to 1.5 Crore

IDBI Bank 11% 11.50%-11.75% 11.75% 12.25%

Home Loan Interest Rates(Last edited on : 21 December 2011)

Buying your first home can seem intimidating, especially when faced with many different loan types. Don't worry. Use this list to compare and narrow down the choices to know which is the best.

To help its customers get the best interest rates on home loans deal4loans has consolidated all the information regarding current rate of interest for all the banks at one place. Please keep visiting this section to check updated rate of interest for home loans.

Home Loan Interest Rates

Home Loan Interest Rates(Last edited on : 21 December 2011)

Home Loan Interest Rates

Bank Name Floating Interest rateProcessing Fee

State Bank Of India 11%Up to 25 lacs 0.25%26-75 lacs : 10,00075 & above : 20,000

ICICI Bank

Scheme I :11% (Fixed 1 yr),Scheme II : 11.25% (Fixed 2yrs)

Scheme III : 11.25% (Fixed 3yrs), then 11%

0.50% of loan amount upto 1 crore

HDFC Ltd

Scheme I : 11.25% (Fixed for 3 yrs )Scheme II : 11.50% (Fixed for 5 yrs)

, After that 10.75% rate or then applicable rate.

0.5% or maximum 10,000+service tax

(10.30%)

First Blue Home Finance

10.75% (for Salaried / SEP), 11.25% (For Self Employed)

Salaried - 0.5% or 6000 whichever is less plus doc charges plus taxes (upto 25 lacs), 0.5% or 10000 whichever is less plus doc charges plus

taxes (25-75 lacs), 0.5% or 15000 whichever is less plus doc charges plus taxes (above 75

lacs). Self Employed - 0.5% plus doc charges plus

taxes.

LIC HousingScheme I : 10.40%

Scheme II : 11.20% (fixed for 3 yrs)Scheme III : 11.40% (fixed for 5 yrs)

Up to 30 lacs : 10,000+ 10.30%(Service tax)

30 - 50 lacs : 15,000+10.30%(service

tax)50 & above :

20,000+10.30%( Service tax)

AXIS BankScheme I :11.75% (Fixed for 20 yrs)

Scheme II :11%1% of the loan amount +

applicable taxes

IDBI 11.75%

Up to 1%of loan amount (Rs 2500 to be collected at login and balance at the time of sanction )

ING Vysya 10.75%

5000 + 10.30% (service tax) (Upto 20Lacs)

5000 + 10.30% (service tax) (Above 20Lacs)

Standard Chartered 10.75% - 11.25% 0.5%

DHFL 11.75%0.5% - 1%(basis on

profile)

Citibank 11% 0.5%+Service tax

Deutsche Bank 10.50% - 11% 10000 + Service Tax

India Bulls 11%

upto 30lacs - 2,500 + 10.30% (service tax)

above 30lacs to 1.5Cr - 5,000 + 10.30%(service

tax)Above 1.5Cr - 10,000 +

10.30%(service tax)

Allahabad Bank 12.75% (Below 50 lacs), Then 13.25%0.50% of loan amount, Maximum Rs. 10,000/-

Bank of Maharastra 11.95% N.A

Central Bank of India 12.50%0.50 % of loan amount,

maximum Rs.20,000

Corporation Bank 12.50%

Upto Rs.5 lakhs0.50% of loan subject to min. Rs.1,000/- & max.

Rs.2,500/-Above Rs.5 lakhs & upto

Rs.15 lakhs0.50% of loan subject to min. Rs.2,500/- & max.

Rs.7,500/-Above Rs.15 lakhs &

upto Rs.20 lakhs0.50% of loan subject to min. Rs.7,500/- & max.

Rs.10,000/-Above Rs.20 lakhs

0.50% of loan subject to min. Rs.10,000/- & max.

Rs.50,000/-

Bank of India 11.75%

For loans upto Rs.30 lacs One time @ 0.55% of loan amount min. Rs.

3000/- and max. Rs.10000/-

For Loan over Rs.30 Lacs upto Rs.50 lacs – One time flat Rs.15,000/-

For Loan over Rs.50 Lacs upto Rs.1.00 crore – One

time flat Rs.20,000/-

Union Bank of India 12.50% (Upto 50Lacs), then 12.50%

0.25% of loan amount subject to a maximum of Rs.15000/- plus service

tax as applicable

United Bank of India 12.35%0.50% of the loan

amount

UCO Bank12.75% - 13.25% (Upto 50Lacs),Then

12.75% -13.25%-

Bank of Baroda 12.50% N.A

Canara Bank 12.50%

Oriental Bank of Commerce

12.25%

Nil for fresh Loans upto Rs.20.00 lac,

For Loans above Rs.20.00 lacs 0.50% of

the loan amount subject to a maximum of

Rs.12,500/-

Kotak Bank11.25%( for Salaried), 11.50%( for

Self Employed)0.25% - 0.5%

Dena Bank 11.75% - 12.25% N.A

Punjab National Bank 12.50%

Vijaya Bank 12.25% N.A

Syndicate Bank 12.50% N.A

Indian Overseas Bank 11.75% N.A

Barclays Bank 11% - 11.25%0.25%( for salaried ) ,

0.50%( for Self employed)

Reliance 11%

Federal Bank 11.03% 0.50%

HSBC Bank 10% - 13%

1% of the loan amount applied for, subject to a minimum of Rs 10000

plus service tax. This fee is payable on application

and is not refundable

PNB Housing Finance 11% ( Salaried/SEP) , 11.50%( SENP) 0.5%

Development Credit Bank

11.50% 0.5%

State Bank of Travancore

11.50% Nil

Tata capital Housing Finance ltd

10.75% (Upto 50Lacs), Then 11%0.5 to 1% off the loan

amount.

Dhanalakshmi Bank 12.75%

a) Loans Upto Rs 20 lacs -Rs 3500 plus service

tax b) Loans > Rs 20 lacs -

Rs 5000 plus service tax

Indian Bank 11.50%

1) 0.25 % on Loan amount (Non refundable)

(to be remitted at the time of submission of

application)2) 0.32 % on Loan

amount (at the time of acceptance of sanction)