Property Loan | Interest Rates | Eligibility | Documents | Apply - Dialabank
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Rate Comparison: We help you understand the details of all costs involved in taking a Property Loan and help you find the Cheapest Offer.
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Online: Fill in your Property Loan requirements in the online application form and our trained Relationship Manager will contact you with the best Property Loan offer basis your profile.
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Take benefit of our EMI calculator to check affordability of your Property Loan EMI
Property Loan is a secured loan taken against the security of an unimproved Land or other property. The loan amount is provided as a definite percentage of the property’s market value, usually near about 40 to 60%. The property loan is used for purchasing a new land or house, constructing a house, pre-allotment booking finance for property or buying a residential plot. NRI’s can purchase ready residential property with Property Loan.
Property Loan Eligibility
A person who is an Employee or a professional, self-employed or an income tax payer or engaged in agricultural and allied activities.
A person with Net Monthly Income (salaried) is in excess of Rs.12, 000/- or Net Annual Income (others) is in excess of Rs.1, 50,000/-.
The income of the spouse may be added if he/she is a co-borrower or a guarantor.
Maximum age limit: 60 years.
Age Proof & Address proof.
Income Proof of the applicant & co-applicant.
Passport size photograph of the applicant & co-applicant.
Last 6 months bank A/C statement.
In case of Salaried:
Employment certificate from the employer.
Copies of pay slips for last few months and TDS certificate.
Latest Form 16 issued by employer Bank statements.
In case of Self-employed:
Copy of financial statements for the last 2 years.
Profit and loss account for the last few years.
Income tax assessment order.
Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company.
Property Loan Interest Rates
Before applying for Property Loan, a borrower must know the rate of charges, penalty or fee charged by your lending company or bank for default in monthly EMI. The customer must know the processing charge and in case a customer decide to switch the loan from current lender to a new lender, current lender will charge penalty or fee for pre-closure of their loan.
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NRI Home Loans in India
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