Within Chola, this new records needed for a home loan was limited
Frequently asked questions
A home loan was a loan open to business owners and you may salaried anyone to the purchase of a house to live in. Customers can pick having property constructed on their homes, increase its current family with the addition of the floor, get a resale apartment/independent home, purchase another type of apartment/independent household of a developer otherwise import the balance away from a good financial availed regarding a separate financial institution.
KYC data (Target Evidence eg Aadhaar card, Newest household bill, etc.; Title Facts eg Dish Credit, Operating License, an such like.) and you can bank account comments was mandatory. To own entrepreneurs, evidence of organization facilities is required. Getting salaried consumers, the last 3 months’ spend slips and Function sixteen are expected.
To apply for a home loan you must become at the very least 21 years old when the mortgage period starts and cannot go beyond a period of 65 age in the event the financing stops or during superannuation. (more…)