You must be at least 21 years of age for the loan to be sanctioned. The loan must terminate before or when you turn 65 years of age. You must be employed or self-employed with a regular source of income.

A number of factors such as your income, age, number of dependants, qualifications, assets and liabilities, income stability / continuity of your employment / business etc. are taken into account when assessing your repayment capacity.

• Updated bank passbook or a Xerox of the statement of accounts for the last 6 months
• Age proof: PAN card, Voters ID, Passport and License Xerox of ration card
• Business profile with details on the nature of business, list of clients, suppliers, staff strength, geographical spread etc.
• Xerox of education qualifications certificate and proof of business existence.
• Xerox of last 3 years Income Tax returns, Last 3 years profit/loss and balance sheet, Processing fees cheque

• Latest salary certificate / slip in original
• Xerox of Form No. 16A (TDS Form) from employer. Certificate in original from
  employer for any other allowances, which are not reflected insalary slip
• Xerox of your company’s ID or ration card
• Passport size photographs of applicant and co-applicant
• Processing fees cheque
• You may be asked to submit further legal documents if required by the bank or its approved lawyers. Retain photocopies of all the documents being submitted by you

Your loan will be disbursed after you identify and select the property that you are purchasing and submit the requisite legal documents. On satisfactory completion of the above, registration of the conveyance deed and investment of your own contribution, the loan amount (as warranted by the stage of construction) will be disbursed by Bank. The disbursement will be in favour of the builder/seller.

List of documents for disbursement:

• Loan Agreements
• Disbursement Requests
• Post-dated cheques
• Personal guarantors documents, as the case may be

• The duly stamped and executed Agreement for Sale should be presented at the office of the concerned Sub-registrar of Assurance for registration within 4 (four) months from the date of execution of Agreement for Sale.
• In case of delay in presenting within the stipulated four months from the date of execution of Agreement for Sale citing unavoidable circumstances by the Parties, the Registrar may condone the delay after collecting penalty under section 25 of the Indian Registration Act, 1908; provided the delay in presentation of the executed Agreement for Sale does not exceed 4 (four) months from the date of expiration of aforesaid stipulated 4 (four) months (i.e. does not exceed 8 (eight) months from the date of execution of the Agreement for sale).
• Registration of the Agreement for Sale is compulsory as per Section 17 of Indian Registration Act, 1908.
• The Registration fees shall be an amount being 1% of the market value of the unit, subject to maximum of Rs. 30,000/-