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HOUSING LOAN IN PUBLIC AND PVT BANK.

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 in the tradition of State Bank of India

SBI Home Loans: Purpose

urchase/ Construction of House/ Flat P 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.

Loan Feature
Loan Amount Up to 90% 10.3% to 10.5% p.a. (Explained in detail in the next slide)
Maximum 30 years or up to the age of 70 years Nil 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/-

Interest Rate

Tenure

Pre Payment Charges

Service Charges

HOME LOANS - INTEREST RATES


For Women Borrowers Loan Amount Spread over the Base Rate Effective Rate (Base Rate: 10%) Upto Rs. 75.00 lacs 10 bps above the Base 10.10 % p.a. Rate Above Rs. 75.00 lacs 25 bps above the Base 10.25% p.a. Rate No Fixed Rate option will be available in any limit brackets. For other Borrowers Loan Amount Spread over the Base Effective Rate Rate (Base Rate: 10%) Upto Rs. 75.00 lacs 15 bps above the Base 10.15 % p.a. Rate Above Rs. 75.00 lacs 30 bps above the Base 10.30% p.a. Rate

Eligibility Criteria : Home Loan


Salaried Age 18 to 70 years Self 18 to 70 years

Income

Availability of Availability of sufficient, regular sufficient, regular and continuous source of and continuous income for servicing the loan source of income for repayment. servicing the loan repayment. Job experience not provided Job experience not provided

Job Experience Residence Proof

Residence proof not Residence proof not provided provided

Docs Required : Home Loan


Salaried ID Proof Self

PAN Card/ Voters ID/ Passport/ Driving PAN Card/ Voters ID/ License Passport/ Driving License Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID 10th class certificate

Address Proof

Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID
10th class certificate

DOB Proof

Proof of business address in respect of businessmen/ industrialists. Sale Deed, Agreement of Sale, Letter of Allotment, Non encumbrance certificate, Passport size photograph Land/ Building Tax paid receipt etc. (as applicable and subject to satisfaction Proof of Identity - PAN Card/ report from our empanelled lawyer). Voters ID/ Passport/ Driving License Copy of approved plan and approval from the Local Body. Proof of Residence - Recent Financial Docs Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Statement of Bank Account/ Pass Book for last 6 months with Personal Assets Voters ID and Liabilities statement and Proof of business address for non-salaried Statements (latest 3 months individuals. bank statement / 6 months bank passbook) and Signature Personal Assets and Liabilities statement Proof of business address for nonidentification from present salaried individual bankers Completed application form

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 investigation report. (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

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

Loan Feature
Loan Amount Minimum 3 Lacs

Interest Rate

Fixed Rate: 11.75% and


Floating: 10.25% to 12.25% 25 years 2% of outstanding principal/amount prepaid 1% + sevice tax of the loan amount

Tenure

Pre Payment Charges

Service Charges

Eligibility Criteria : Home Loan


Salaried Age 24 to 60 years Self 24 to 65 years Information not available Information not available

Income

Information not available

Job Experience

Information not available

Residence Proof

valid Residence proof

valid Residence proof

Docs Required : Home Loan


Salaried Self PAN card/Voters ID/ Passport/Driving License/Photo Credit Card

ID Proof

PAN card/Voters ID/ Passport/Driving License/Photo Credit Card/Other Valid ID

Recent telephone bill/electricity Recent telephone bill/electricity bill/property tax bill/property tax Address Proof receipt/passport/voters ID/Driving receipt/passport/voters ID/Driving Licence/Bank statement/LIC Licence/Bank statement/LIC Receipt Receipt
DOB Proof DOB certificate DOB certificate Bank Statements(latest 6 months Statements (latest 6 months bank statement /passbook) bank statement / 6 months bank Latest ITR along with computation passbook) Financial Docs of income, B/S & P&L a/c for the Latest salary slip or current last 2 yrs. certified by a CA dated salary certificate with latest Qualification proof of the highest Form 16

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/- per instance 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