Home Loan

we understand that purchasing a home is one of the biggest investments you will make in your lifetime. That’s why we work hard to provide you with the best home loan options available, so that you can make an informed decision that is right for you. Our team of experts will work with you to understand your financial needs and goals, and help you choose the best home loan that fits your budget and lifestyle.

Our team of professionals will work with you to help you find the best home loan providers, ensuring that you get the best possible terms and interest rates.

Whether you are a first-time home buyer, or you are looking to refinance your existing home loan, our team is here to help you every step of the way. We are committed to making the home loan process as simple and stress-free as possible, and we are always here to answer any questions or concerns you may have.

Getting a home loan from us is fast and basic. With financing and master counsel from cochin Financial Services, you can likewise be a glad homeowner. Regardless of whether you are salaried or independently employed, you can get a home loan with aggressive financing costs for the buy of line houses, lodges, pads and even plots. Quicker preparing and moderate EMIs settle on us the ideal decision for new or experienced home purchasers. We additionally offer legal and technical consultation to make the home purchasing process that a lot simpler. Give us a chance to loan you some assistance in making your blessing from heaven.

Home loans/Housing Loan is a single amount measure of cash obtained from any budgetary or banking foundations to purchase a house. Home loan comprises of two kinds of interest rates named as fixed and floating interest rates. According to the picked interest rates, purchaser reimburses the loan in type of EMIs for the ideal tenure. The responsibility for house is one of the key indications of progress among the quickly developing Indian white collar class. As the pay of the normal Indian family increments, there has been a persistent increment in the craving to possess a house and this has prompted predictable increment in the property costs in the course of the most recent couple of years.

Required Documents

NRI

  • Salary Certificate in Company Letter head /6 months pay slips
  • Copy of Job Contract, Passport and Visa
  • One year bank statement in which salary is credited
  • NRE bank account statement one year (Local bank)
  • Qualification Proof (if professional)
  • Job ID card
  • Pan card, Adhaar card
  • Co-Applicant Details (Photo, ID ,Address proof )
  • Two year income tax return (except gulf NRI’s)
  • Loan sanction letter & loan track (starting to till date)

SALARY CLASS (Government and Private)

  • Salary Certificate in Company Letter head /6 months pay slips
  • Copy of Job Contract
  • One year bank statement in which salary is credited
  • Form 16 , ITR and computation (2018 and2019 march)
  • Qualification Proof (if professional)
  • Job ID card
  • Pan card, Adhaar card
  • Co-Applicant Details (Photo, ID ,Address proof )
  • Loan sanction letter & loan track (starting to till date)

PROPRITORSHIP

  • 3 years ITR .computation and Balance sheet
  • One year bank statement (S B a/c, C A a/c, O D a/c )
  • Local body licenses/ GST regi, MSME, Pollution, food and safety, export and import license (submit if you have)
  • Loan sanction letter
  • Loan track (starting to till date)
  • Business profile
  • Rental agreement (shop, godown )
  • Other loan details, loan track, loan closing letter
  • Photo , Pan card ,election card , Driving License, Ration card (h/w)
  • GST monthly return(April 2019 to till months)
  • Two year GST. Annual return

Property details

  • Document of the property
  • Prior documents
  • Encumbrance certificate for last 30 years
  • Possession and non attachment certificate
  • Land tax receipt
  • Building tax receipt
  • Location sketch and certificate
  • Approved Building plan and permit
  • Estimates( construction/ repair and maintains )
  • Sale agreement copy(purchase )

Eligibility

Eligible Age (Min-Max)

The applicant’s age should be minimum 24 years and maximum 60 years at the time of applying for a home loan if the applicant is a salaried employee.

Eligible Income

Salaried applicants should have a minimum monthly income of ?15,000 per month in a metro city, and a minimum monthly income of ?20,000 in other cities.

Minimum Loan Amount

The salaried applicants can avail a personal loan starting from ?100,000, based on their eligibility.

Maximum Loan Amount

The salaried applicants can avail a personal loan up to ?35 Crores, based on their eligibility.

Eligible City

180 Cities across India.

Co-applicant

Not mandatory, but only immediate family members can apply as a co-applicant.

Employment

The salaried employees should have a minimum of 2 years of tota work-experience, and at least 6 months in the current company.

CIBIL 

Required (650-900)

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