Home Loan

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A Home Loan is finance facility provided by a banks/ NBFCs or a financial institution to its customers to purchase or construct or renovate their homes. Benefits:-

Tax benefits:-

Deduction of  2 Lacs towards repayment of interest towards loans availed for purchase/construction of house (if you or your family is living in the house). At the same time, deduction up to  1.5 Lakhs on repayment of principal amount of the home loan under Section 80C

Documents:-

Identity Proof
  • PAN Card
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving License 

Address Proof
  • Registered Rent agreement
  • Aadhar Card
  • Driving License
  • Lease agreement
  • Passport
  • Latest Gas or electricity bill

Financial Documents - Employment or Business Proof
  • Salary slips for the last 6 months in case you are a salaried employee (2 years Itr & Form 16)
  • 2 years ITR with Computation in case you are self-employed
  • 6 month bank statement of salary account for salaried
  • Complete KYC & financials of Company in case of self employed

Property documents:-
  • Complete copies of all property documents that along with chain of past 30 years
  • Encumbrance certificate for 30 years.
  • Property tax paid receipt of property being mortgaged

Banks:-
  • Bank of Baroda
  • Icici Bank
  • Axis Bank
  • Standard Chartered Bank

Nbfc:-
  • PNB Housing Finance Ltd
  • HDFC Ltd.
  • Indiabulls
  • Aditya Birla
  • Piramal Housing
  • IIfl
  • Aadhar Housing
  • Shubham Finance

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