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Emi Calculator 

HOME LOAN:

We provide loan facility from leading banks with comparative rate of interest.

Some leading banks name tie-up with us

•   State Bank of India

•  ICICI Bank

•  Punjab National Bank

•  Diwan Housing Finance Ltd.

Documents Required for Land Loans

Documents required for self-employed persons:

•   A Copy of the applicants / Business photo id

•   A Copy of the applicants / Business Address proof

•   A profile of the applicants business mentioning at least the nature of the business, client list, suppliers, employee strength, geographical spread, etc.

•   In the case of a business partnership a copy of the partnership deed, 3 years P & L a/c, B/S, computation of income certified by a CA and individual computation of income and tax returns for last 3 years is required

•   In the case of a proprietor or professional 3 years P & L a/c, B/S, computation of income certified by a CA and an income tax return file statement for 3 years is required

•   Updated pass book or Xerox copy of the Bank statement of applicants / Business accounts for the past 1 year

•   A Copy of the Ghumatsa License

•   4 passport size photograph of the applicant & co-applicant

•   5 cheques required

Documents required for employed(Salaried) persons: •   A Copy of the applicants photo id(PAN Card)

•   A Copy of the applicants Address proof

•   Updated pass book or Xerox copy of the Bank statement of applicants accounts for the past 1 year

•   Latest salary certificate or the original slip

•   A Xerox copy of Form no.16 A (TDS Form) from the applicants Employer

•   The original certificate from the applicant’s employer for any other allowances that are not reflected in the applicants salary slip

•   4 passport size photograph of the applicant & co-applicant

•   5 cheques required

Disbursement

The loan will be sanctioned after the selection of property and submission of the required legal documents. The process might take some time as each document needs to be verified for the safety of the applicant. The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed. Once the above has been submitted and verified, the registration of the conveyance deed and investment of the applicant's own contribution and the loan amount will be disbursed by the bank. The disbursement will be in favor of the builder.

Documents required for disbursement:

•   Loan agreements

•   Disbursement requests

•   Post-dated cheques

•   Personal guarantors’ document

Legal

Stamp Duty and Registration

Land Docs:

•   Valuation Report

•   Search Report

•   7/12 Extract of proposed land

•   Purpose of Loan

Stamp duty: •   Stamp Duty : 5.5%

•   Registration : 1 %

•   Mortgage Deed : 1/2 %

•   Registration Deed : 1%