Real Estate Home Loans In India
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Real Estate Home Loans in India

If you are in India and want to buy a real estate asset all you need to have is a will to buy the property of your choice rest all is provided by a number of home finance companies. A number of banks and financial institutions have come up with number of repayment options as well as Loan options in the financial market. To name a few please have a look at the following:

Home Loans
These loans are offered to the customers who want to buy, construct or renovate a residential property. These Loans are unsecured loans as are provided without a security depending upon an applicant’s financial condition.

NRI Home Loans
NRI Loans are simply home loans issued to individuals living abroad for purpose of career or business. These too are insecure loans as not backed up by a financial security.

Loan Against Property
Loan Against Property or Property Loans are loans which are offered against a real estate asset. These are secured loans as are backed by a real estate asset. There are a number of documents which are needed to be submitted while borrowing Loan Against Property India:

Documents required for borrowing Property Loans

  • Your Evidence of residence - A ration Card / Telephone Expenses / Power Expenses / Voters Card will do.
  • Evidence of Identification - A Voter's Card / Motorist's Certificate / Company's Card will do.
  • Your latest Bank Declaration / Passbook from where you can show a wage / income being acknowledged from the past 6 several weeks.
  • Salary Slip from the last 3 several weeks with all deductions shown. A Form 16 from the last 2 years will also be required.
  • Copies of all Real estate asset Records of the property in question that you select to commitment for the loan.

If you are a self employed professional/individual, you will require the following documents:

  • Certified Financial Declaration for the last 2 years.
  • Evidence of Property - A ration Card / Telephone bill / Power bill / Voters Card will do.
  • Evidence of Identification - A Voter's Card / Driving license / Company's Identification Card will do.
  • Your latest Bank Declaration / Passbook from where you can show a wage / income being acknowledged from the past 6 several weeks.
  • Copies of all Real estate asset Records of the worried property that you select to commitment for the loan.
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