Sawali Home Loans

Purpose

Purchase of Flat / bungalow, Construction of bungalow.

  • For Salaried customer 55 times of their Net Monthly Pay , For self employed customer 4 times of their annual income.
  • 75% of purchase agreement price / construction estimate.
  • Maximum Rs. 70.00 lakhs.

From a, b, & c whichever is lower.

1) For salaried customer :
  • Applicant should be confirmed employee.
  • Applicant should be employee of any government, semi-government, muncipal corporation, muncipal council, disctrict council, taluka council co-operative firm, private firm, company.
  • No any disciplinary action shall be taken against employee or he should not be a civil criminal.
  • Consent letter should be given regarding deduction of loan installment from salary & authority letter regarding retirement benifit to be taken on record.
  • Agreement monthly deduction from salary should not be more than 65% of monthly salary.
2) For self employed :
  • Last three years balance sheet along with profit & loss account, latest copy of acknowledgement of income tax, computation of income statement, business registartion papers.
  • Last three years income tax return copy / TDS certificate.
  • Maximum 20 years
  • Mortgage of property to be purchased/construction of bunglow.
  • Two guarantors

Pre-payment Charges

  • Nil
  • In case of salaried customers salary slip, IT returns with computation of income and Form No 60.
  • In case of self employed last three years profit & loss A/c, balance sheet & IT returns.
  • Photographs, identy proof, age proof, photo proof, residence proof of borrower & guarantor.
  • Own contribution (Margin money) receipts.
  • Copies of title deeds.
  • Latest 7/12, property card extract.
  • Registered agreement to sale/apartment deed.
  • Construction permission of competent local authority / grampanchayat / muncipal council / corporation / T.P. etc.
  • N.A. order of Land / Society