Housing Loan in Public and Pvt Bank

8/13/2019 Housing Loan in Public and Pvt Bank

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HOUSING LOAN IN

PUBLIC AND PVTBANK.


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SBI

Overview

"THE MOST PREFERRED HOME LOAN PROVIDER" voted in

AWAAZ Consumer Awards along with the MOST PREFERRED

BANK AWARD in a survey conducted by TV 18 in association with

AC Nielsen-ORG Marg in 21 cities across India.

It also offers Interest Rates concessions on GREEN HOMES in

accordance with SBI's commitment to Environment protection.

It come with a solid foundation of trust and transparency built inthe tradition of State Bank of India


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SBI Home Loans: Purpose

Purchase/ Construction of House/ Flat

Purchase of a plot of land for construction of House

Extension/ repair/ renovation/ alteration of an existing

House/ Flat Purchase of Furnishings and Consumer Durables as

apart of the project cost.


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Loan Feature

Loan Amount Up to 90%

Interest Rate10.3% to 10.5% p.a. (Explained in detail

in the next slide)

TenureMaximum 30 years or up to the age of

70 years

Pre Payment Charges Nil

Service Charges

0.25% of the loan amount , minimum

Rs.1000/- for less than 25 lacs.Above

Rs.25 Lacs and upto Rs.75 Lacs is

Rs.6500/-. Above 75 Lacs Rs.10000/-


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HOME LOANS - INTEREST RATES

For Women

Borrowers

Loan Amount Spread over the Base Rate

(Base Rate: 10%)

Effective Rate

Upto Rs. 75.00 lacs 10 bps above the Base

Rate

10.10 % p.a.

Above Rs. 75.00 lacs 25 bps above the Base

Rate

10.25% p.a.

No Fixed Rate option will be available in any limit brackets.

For other Borrowers

Loan Amount Spread over the BaseRate

(Base Rate: 10%)

Effective Rate

Upto Rs. 75.00 lacs 15 bps above the Base

Rate

10.15 % p.a.

Above Rs. 75.00 lacs 30 bps above the Base

Rate

10.30% p.a.


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Eligibility Criteria : Home Loan

Salaried SelfAge 18 to 70 years 18 to 70 years

IncomeAvailability of sufficient, regular

and continuous source of

income for servicing the loan

repayment.

Availability of

sufficient, regular

and continuous

source of income for

servicing the loanrepayment.

Job Experience Job experience not provided Job experience notprovided

ResidenceProof Residence proof not provided Residence proof notprovided


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Docs Required : Home Loan

Salaried Self

ID ProofPAN Card/ Voters ID/ Passport/ Driving

License

PAN Card/ Voters ID/

Passport/ Driving License

Address Proof

Recent Telephone Bill/ Electricity Bill/

Property tax receipt/ Passport/ Voters

ID

Recent Telephone Bill/

Electricity Bill/ Property

tax receipt/ Passport/

Voters ID

DOB Proof 10th class certificate 10th class certificate


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Financial Docs

Completed application form

Passport size photograph

Proof of Identity - PAN Card/

Voters ID/ Passport/ Driving

License

Proof of Residence - RecentTelephone Bill/ Electricity Bill/

Property tax receipt/ Passport/

Voters ID

Statements (latest 3 months

bank statement / 6 months

bank passbook) and Signature

identification from present

bankers

Proof of business address in respect of

businessmen/ industrialists.

Sale Deed, Agreement of Sale, Letter of

Allotment, Non encumbrance certificate,

Land/ Building Tax paid receipt etc. (as

applicable and subject to satisfaction

report from our empanelled lawyer).

Copy of approved plan and approval

from the Local Body.

Statement of Bank Account/ Pass Book

for last 6 months with Personal Assets

and Liabilities statement and Proof of

business address for non-salaried

individuals.Personal Assets and Liabilities statement

Proof of business address for non-

salaried individual


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Other Charges

Actual charges for the following will be payable by the customer

in addition to the processing fee:

a) Pre-sanction

(i) Advocate's fee for property search and the title investigationreport.

(ii) Valuer's fee for valuation report.

b) Post-sanction :

(i) Stamp duty payable for Loan agreement & mortgage.(ii) Property insurance premium.

(iii) Processing fee recovered.

Pre-closure / Pre-payment Penalty - NIL


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Axis bank

Overview

Axis Bank's Power Home puts an end to your Real Estate troubles.

Augment

your reach and buy the house that you've set your heart on.

Features.

Attractive interest rates

Balance Transfer facility

Doorstep service

Nil Pre-payment charges

Quick and transparent processing


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Loan Feature

Loan Amount Minimum 3 Lacs

Interest RateFixed Rate: 11.75% and

Floating: 10.25% to 12.25%

Tenure 25 years

Pre Payment Charges

2% of outstanding

principal/amount prepaid

Service Charges1% + sevice tax of the loan

amount


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Eligibility Criteria : Home Loan

Salaried Self

Age 24 to 60 years 24 to 65 years

Income Information not available Information notavailable

Job Experience Information not availableInformation not

available

Residence

Proofvalid Residence proof

valid Residence

proof


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Docs Required : Home Loan

Salaried Self

ID Proof

PAN card/Voters ID/

Passport/Driving License/Photo

Credit Card/Other Valid ID

PAN card/Voters ID/

Passport/Driving License/Photo

Credit Card

Address Proof

Recent telephone bill/electricity

bill/property tax

receipt/passport/voters ID/Driving

Licence/Bank statement/LIC

Receipt

Recent telephone bill/electricity

bill/property tax

receipt/passport/voters ID/Driving

Licence/Bank statement/LIC

Receipt

DOB Proof DOB certificate DOB certificate

Financial Docs

Statements (latest 6 months

bank statement / 6 months bank

passbook)

Latest salary slip or current

dated salary certificate with latestForm 16

Bank Statements(latest 6 months

bank statement /passbook)

Latest ITR along with computation

of income, B/S & P&L a/c for the

last 2 yrs. certified by a CA

Qualification proof of the highest


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Other Charges

Repayment Instruction/Instrument Return charges Rs.500/- per

instance

Cheque/Instrument Swap charges Rs.500/- per instance

Duplicate Statement issuance charges Rs.250/- per instance

Duplicate Amortization schedule issuance charges Rs.250/- perinstance

Duplicate Interest Certifcate (Provisional/Actual) issuance charges

Rs.250/- per instance

Issuance charges for Photocopy of title documents Rs.250/- per

document set

Charges on customer initiated requests for copies of documents

Rs.250 per document set

Housing Loan in Public and Pvt Bank

Documents

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