A) Home Loan

1. Possession of the premises will be acquired at a later date. (10% reduction in the market value is normally given by the town planners if possession is not given to the purchaser at the time of execution of the agreement).


2. The duty has to be paid on Sq. Meter's built up area and not on subuilt up area.


3. If payments have been made in say 1995 and the agreement has been executed in 1998 then the market value of the year 1995 has to be taken as per the Principles Of Land Acquisition Act.

B) Office premise loan

1. You must be at least 21 years of age when the loan is sanctioned.
2. The loan must terminate before or when you turn 65 years of age.
3. You must be self-employed with a regular source of income.
4. The loan can be for the purchase / construction / extension of a non-residential property.
5. A loan for renovation or improvement will be given only at the time of acquisition of property.
6. Professionally qualified and self-employed individuals can apply.
7. A minimum of 3 year's work experience is a must.

1. If your spouse is earning, put him/her as a co-applicant. The additional income shall be included to enhance your loan amount. Incidentally, if there are any co-owners they must necessarily be co-applicants.


2. Did you know that your fiancée's income can also be considered for sanctioning the loan on your combined income? The disbursement of the loan, however, will be done only after you submit proof of your marriage.


3. Providing additional security like bonds, fixed deposits and LIC policies may also help to enhance eligibility.

B) Document

1. Passport size photograph.
2. Age verification: PAN card, Voters ID, Passport, License.
3. Bank statement for the last six months.
4. Income Documents e.g. Latest Form 16, Certified IT returns for latest 3 years.
5. Admin Fee cheque.
6. Loan Enclosure letter.