Eligibility & Documentation

Things to know before you apply

Documentation

Apart from the application form, generally banks will ask you to submit following documents.

  1. Income proof and banking details
  2. Age proof and address proof
  3. Identity proof
  4. Proof of educational qualifications

Eligibility

The eligibility and the amount of loan disbursed depends on the individual's repayment capacity. The calculation of repayment capacity is made based on factors such as monthly and annual income, source of income, savings and credit history, work experience, age, qualifications, number of dependants and the probability of the individual continuing in the same occupation. For the self employed, an audited balance sheet and the profit and loss account of the last three years would be required. With these details the Bank is able assess and offer an eligible customer a property/home loan in India.