For construction, purchase / repair / renovation / alteration of a house or for purchase of a plot for the construction of a house. Get details of apartments in thrissur from here.
All Resident / Non-Resident Indians with a regular monthly income
Spouses of Non-Residents, who are residents and receiving regular monthly income.
Salaried persons, self employed businessmen, professionals and agriculturists, who have regular monthly income and who have a minimum of three years of standing / experience in their line of activity.
The age should be such that the borrower is able to close the account before he attains the age of 70.
Individual’s Over 18 years of age with steady source of income . View the list of villas for sale in thrissur.
upto 15% to 20% This may vary as per R.B.I norms. View here to buy apartments in Kerala.
As per the construction / bank loan agreement. The loan will be disbursed as per the construction stages.
Maximum 30 years .
Mortgage of property by deposit of title deeds.
This may vary as per bank norms.
Insurance is to be arranged for the total cost of building.
1. Completed Loan Application,
2. Proof of Identification: (any of the following)
Voter’s ID card
3. Proof of Age: (any of the following)
10th class marksheet
4. Address Proof: (any of the following)
Bank passbook or Bank account statement
Utility bill (telephone, electricity, water, gas) – less than 2 months old
LIC policy/ receipt
Letter from a recognized public authority verifying the customer’s residence address
5. Income Documents:
Salaried individuals (any one of the following):
Certified letter from Employer
Pay slip (Last 2 months)
Increment or Promotion letter
IT returns (for 3 years)
Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.
Self Employed or businessman: (any one of the following)
Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Last 2 years Balance Sheet and Profit & Loss account of the firm- duly attested by a Chartered Accountant
Apart from these, a self-employed individual also has to submit:
A brief introduction of his profession/business
Passport size photographs
Photocopy of Registration Certificate of establishment under Shops and Establishments Act/Factories Act
Photocopy of Registration Certificate for deduction of Profession Tax
Proof of investments
Certificate of Practice
Receipts of advance tax payments (if any)
NOTE: After the sale deed is executed, the original deed along with fresh encumbrance certificate and possession certificate should be submitted. After availment of the loan, encumbrance certificate for four months after the date of mortgage is to be produced.