At Deutsche Bank, you’ll find the partner you need to make your future dream home come true. All our efforts work towards putting your dream home within your reach. Whether it’s purchasing a new house, moving from a rented property to your own or renovating your existing home, Deutsche Bank has a wide range of home loan options* that are specific to your needs.
The loan amounts up to Rs. 5 crore and the tenure is from 5 years to 20 years. You can choose between a fixed and a floating interest rate for your loan. Also, with attractive interest rates and savings on taxes, a db HomeLoan gives you complete peace of mind.
db HomeLoan offers the following advantages:
At Deutsche Bank, you’ll find a wide range of home loans to suit your varied needs.
Customized loans
db Flexi HomeLoan
This option enables you to hedge against the uncertainty of interest rate fluctuations by giving you a combination of both fixed and floating interest rates. A part of your loan will be at a fixed interest rate, while the other will attract fluctuating interest. This way, no matter how the interest rates move, your exposure is limited.
db StepUp HomeLoan
This option is the ideal home loan for you during the initial years of your career. It makes you eligible for a higher loan amount and at the same time, takes into account your repayment capacity. The EMIs are lower in the initial years and higher in later years, keeping pace with an increase in your income levels.
db StepDown HomeLoan
This option allows you to pay a higher EMI in the initial years of your loan tenure as compared to the EMI in the later years.
Easy documentation for faster approvals
Multiple documents make applying for a loan a very tedious and lengthy procedure. However, it is easy to apply for a db HomeLoan as the documentation process is simple and friendly leading to a quicker approval.
Loan against property (Top...)
Sometimes you require funds to meet urgent financial needs or social commitments. These include children’s higher education, medical emergencies, travel, daughter’s marriage and more. If you own a residential property, a Deutsche Bank loan against property is the ideal way to meet such needs. With this type of loan you can use your residential property as collateral. The loan amount will be decided based on the market value of your property.
Benefit with Balance Transfer option(Top...)
Why shouldn’t you benefit when you transfer your loan from one bank to another? With db HomeLoans, you will. If you are paying a higher interest rate on your existing home loan, you have the option of transferring your loan to Deutsche Bank at the current interest rates.
Easy documentation for faster approvals
Multiple documents make applying for a loan a very tedious and lengthy procedure. However, it is easy to apply for a db HomeLoan as the documentation process is simple and friendly leading to a quicker approval.
Loan against property (Top...)
Sometimes you require funds to meet urgent financial needs or social commitments. These include children’s higher education, medical emergencies, travel, daughter’s marriage and more. If you own a residential property, a Deutsche Bank loan against property is the ideal way to meet such needs. With this type of loan you can use your residential property as collateral. The loan amount will be decided based on the market value of your property.
Benefit with Balance Transfer option(Top...)
Why shouldn’t you benefit when you transfer your loan from one bank to another? With db HomeLoans, you will. If you are paying a higher interest rate on your existing home loan, you have the option of transferring your loan to Deutsche Bank at the current interest rates.
Pay less with interest calculated on a daily reducing balance(Top...)
Why should you pay interest on the amount you have already repaid? Your db HomeLoan makes sure that your interest is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any pre-payments. This lowers your effective interest amount significantly.
Easy eligibility criteria for easy approvals(Top...)
Both salaried and self-employed professionals can apply for a db HomeLoan. The loan amounts are decided on the basis of repayment capacity and take into account factors like income, age, qualifications, number of dependents, assets, liabilities, savings history, stability and continuity of occupation. The maximum loan amount sanctioned is 90% of the cost of property which includes property registration and stamp duty.
Free property valuations and consultative advice(Top...)
You also have the option of getting free property valuations and consultative advice on overall property purchase process from us, subject to disbursal of home loan. This will save you from complications in the future and help you buy the best property.
ROYAL BANK OF SCOTLAND HOME LOAN
Home Finance offers you a bouquet of facilities, benefits and services that are par excellence. From facility disbursal to maturity you can count on RBS to offer you a relationship of strength. Since your convenience is our only focus, we pay meticulous attention to every detail. Your dream of a new house comes true with us with maximum ease that is the RBS hallmark.
HOME BUYER
if lack of funds is the only reason why you haven’t even started looking for a home, your worries are over. Whenever you find your dream home let Home Buyer secure it for you.
It's quite simple. You can borrow up to 70-80%* of the appraised value of your new home (or up to Rs. 50 million, whichever is lower).
Flexible installments allow you to repay the principle at your convenience, within a period of 3 to 20 years
*80% for Consumer Banking clients and salaried individuals belonging to "A" rated companies. 70% for all others unless otherwise specified. Restrictions apply on loans above Rs. 15 million.
HOME BUILDER
Would you rather build your dream home than buy a ready-made one?
Home builder lets you borrow up to 80% of the appraised value of the property* (or up to Rs. 30 million, whichever is lower).
You can build your home exactly the way you want it. Flexible installments allow you to repay the principle at your convenience, within a period of 3 to 20 years.
*Appraised value is the market value of the land plus the estimated cost of construction, as determined by independent appraisal agencies.
HOME LANDER
If you're already living where you want to, but feel your home needs to look fresh, then Home Lender is perfect for you. Meet all your renovation expenses - whether it's repainting the house, remodeling the kitchen, building an annex or even buying new furniture.
You can obtain financing of up to 50% of the appraised value of your property (or Rs. 10 million, whichever is lower), and get started.
You then get to choose an installment plan that best meets your needs and repay the principle over a period of 3 to 20 years.
HOME REFINANCE
If you already have a home loan, you may get that loan transferred to Home Refinance
Home Refinance allows you to borrow an amount equivalent to your current loan outstanding balance from elsewhere and gives you a chance to pay back with flexible installments within a period of 3 to 20
You can avail a maximum loan amount of up to Rs. 30 million
HOME BUYER
if lack of funds is the only reason why you haven’t even started looking for a home, your worries are over. Whenever you find your dream home let Home Buyer secure it for you.
It's quite simple. You can borrow up to 70-80%* of the appraised value of your new home (or up to Rs. 50 million, whichever is lower).
Flexible installments allow you to repay the principle at your convenience, within a period of 3 to 20 years
*80% for Consumer Banking clients and salaried individuals belonging to "A" rated companies. 70% for all others unless otherwise specified. Restrictions apply on loans above Rs. 15 million.
HOME BUILDER
Would you rather build your dream home than buy a ready-made one?
Home builder lets you borrow up to 80% of the appraised value of the property* (or up to Rs. 30 million, whichever is lower).
You can build your home exactly the way you want it. Flexible installments allow you to repay the principle at your convenience, within a period of 3 to 20 years.
*Appraised value is the market value of the land plus the estimated cost of construction, as determined by independent appraisal agencies.
HOME LANDER
If you're already living where you want to, but feel your home needs to look fresh, then Home Lender is perfect for you. Meet all your renovation expenses - whether it's repainting the house, remodeling the kitchen, building an annex or even buying new furniture.
You can obtain financing of up to 50% of the appraised value of your property (or Rs. 10 million, whichever is lower), and get started.
You then get to choose an installment plan that best meets your needs and repay the principle over a period of 3 to 20 years.
HOME REFINANCE
If you already have a home loan, you may get that loan transferred to Home Refinance
Home Refinance allows you to borrow an amount equivalent to your current loan outstanding balance from elsewhere and gives you a chance to pay back with flexible installments within a period of 3 to 20
You can avail a maximum loan amount of up to Rs. 30 million
MEEZAN BANK HOME
Buying a Home is Easy & Halal!
Choose it and be ready to move in. Meezan Bank will finance up to maximum of 70%(Salaried, SEP, NRP) of the appraised value of your new home or up to a value of Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million with a financing tenor of up to 20 years.
Features:
Flexible financing from PKR 300,000/- to PKR 40 million for Salaried, SEP, NRP Customers and from PKR 300,000/- to PKR 5 Million for Businessman Customer.
Easy selection of financing tenure from 3 years to 20 years
Maximum 25 years for salaried and SEP customer.
Bank Investment Ratio (BIR)
Up to 70% for Salaried / SEP / NRP.
Up to 60% for Business persons.
No restriction on early unit purchase / early termination
Building a home is Easy & Halal!
For that special home you want to build yourself. Meezan Bank provides financing up to 70%(salaried, SEP, and NRP) of the appraised value or Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million for a tenor of up to 20 years.
Easy Builder is a comprehensive proposition that contains:
Residential construction on applicant’s owned land
Purchase of land & residential construction
Enhancement of an already constructed residential bungalow
Features:
Flexible financing from PKR 300,000/- to PKR 40 million for Salaried, SEP, NRP Customers and from PKR 300,000/- to PKR 5 Million for Businessman Customer.
Easy selection of financing tenure from 2 years (excluding construction period of max 12 months) to 20 years.
Maximum 25 years for salaried and SEP customers.
Bank Investment Ratio (BIR)
Up to 70% for Salaried / SEP / NRP.
Up to 60% for Businesspersons.
No restriction on early unit purchase / early termination after 12 months of completion)
Renovating your home is Easy & Halal!
he wait is over. Now continue to enjoy your home but with the added satisfaction and peace of mind you have always wanted. Meezan Bank will help you switch your existing liability over to us and let you enjoy the benefits of Halal and totally flexible financing. Financing up to Rs. 40 million(Salaried, SEP, NRP) and Rs 5 million(Businessman) and a tenor of up to 20 years.
Features:
Flexible financing from PKR 150,000/- or up to 30% of property value
Easy selection of financing tenure from 2 years up to a maximum of 15 years.
Choose it and be ready to move in. Meezan Bank will finance up to maximum of 70%(Salaried, SEP, NRP) of the appraised value of your new home or up to a value of Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million with a financing tenor of up to 20 years.
Features:
Flexible financing from PKR 300,000/- to PKR 40 million for Salaried, SEP, NRP Customers and from PKR 300,000/- to PKR 5 Million for Businessman Customer.
Easy selection of financing tenure from 3 years to 20 years
Maximum 25 years for salaried and SEP customer.
Bank Investment Ratio (BIR)
Up to 70% for Salaried / SEP / NRP.
Up to 60% for Business persons.
No restriction on early unit purchase / early termination
Building a home is Easy & Halal!
For that special home you want to build yourself. Meezan Bank provides financing up to 70%(salaried, SEP, and NRP) of the appraised value or Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million for a tenor of up to 20 years.
Easy Builder is a comprehensive proposition that contains:
Residential construction on applicant’s owned land
Purchase of land & residential construction
Enhancement of an already constructed residential bungalow
Features:
Flexible financing from PKR 300,000/- to PKR 40 million for Salaried, SEP, NRP Customers and from PKR 300,000/- to PKR 5 Million for Businessman Customer.
Easy selection of financing tenure from 2 years (excluding construction period of max 12 months) to 20 years.
Maximum 25 years for salaried and SEP customers.
Bank Investment Ratio (BIR)
Up to 70% for Salaried / SEP / NRP.
Up to 60% for Businesspersons.
No restriction on early unit purchase / early termination after 12 months of completion)
Renovating your home is Easy & Halal!
he wait is over. Now continue to enjoy your home but with the added satisfaction and peace of mind you have always wanted. Meezan Bank will help you switch your existing liability over to us and let you enjoy the benefits of Halal and totally flexible financing. Financing up to Rs. 40 million(Salaried, SEP, NRP) and Rs 5 million(Businessman) and a tenor of up to 20 years.
Features:
Flexible financing from PKR 150,000/- or up to 30% of property value
Easy selection of financing tenure from 2 years up to a maximum of 15 years.
UCO BANK HOME LOAN
Affordable Housing for All' is an important policy agenda of the Government of India. Accordingly The Cabinet Committee for Economic Affairs has approved an Interest Subsidy Scheme for Housing the Urban Poor in order to ameliorate the living conditions of Economically Weaker Section/LIG population in urban areas. Primary objective of the scheme is to provide interest subsidy support.
Objective:
The key objective of the scheme is to enable Economically Weaker Sections (EWS) and Low Income Group (LIG) households to avail affordable housing loans for purchase of house/construction of new house.
Definition:
a) EWS- Economically Weaker Sections are those households having monthly income upto Rs.3300/-
b) LIG- Low Income Groups are those households having monthly income between Rs.3301/- to Rs. 7300/-
Target Group:
Individuals /NGOs for on lending to their group members. Preference will be given to SCs, STs, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of city/urban agglomerate during the 2001 census.
Applicants planning to form cooperative group housing societies or organizations like Employees Welfare Housing, Labour Housing, etc. should be given preference and whenever possible construction of houses by such cooperatives by way of 1+3 storied buildings should be promoted so that cost of land is shared among beneficiaries. However, this is not a mandatory requirement. Both individuals as well as group Housing borrowers are equally eligible under the scheme.
Target Borrower:
Identification of beneficiaries will be undertaken by Urban Local Bodies or Local Nodal Agencies and they will assist the borrowers in paper works and procedure of bank loan. However the borrower would be free to approach and negotiate a loan under the scheme directly with the bank branch.
Preference:
Preference will be given to Scheduled Caste, Scheduled Tribe, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of the city/urban agglomerate during the 2001 census
Stipulations:
The ultimate beneficiaries should not own a house in his/her name or in the name of his/her spouse or any dependent child. But such beneficiaries should own land in his name in case of application for construction of new house.
Area of operation:
Urban area. Zonal Offices will be advised to submit us a list of branches at urban area for implementation of the scheme.
Nodal Agency:
NHB and HUDCO were selected by the Government of India to act as intermediary financial institutions that would be responsible for administering the subsidy. Before implementation the Bank has to sign a MOU with any of the two organizations. We have signed MOU with NHB.
Loan amount:
a) EWS- Maximum loan of Rs.1 lac ( Rs one Lac Only) for a house of at least 25 sq mts.
b) LIG- Maximum loan of Rs.1.60 lac( Rs one Lac sixty thousand Only) for a house of at least 40 sq mts. However subsidy will be available for loan upto Rs. 1 lac only.
Disbursement:
Disbursement will be made on a phased manner depending upon the progress of construction. Branch will monitor the construction of the dwelling units financed under the scheme, including the approvals for the building design, infrastructure facilities etc. as also the quality of the construction and verify through site visits etc. the expenditure incurred upto different stages of construction. In case of construction disbursement may be done by debiting the respective loan account and crediting the savings bank account of the borrower. However in case of purchase of a ready built house the payment should be made directly to the vendor by issuing Demand Draft/ Pay Order as the case may be by debiting the loan account of the borrower.
Rate of Interest:
Interest @8.50% p.a. for first 5 years with a provision to reset after 5 years from the date of drawal of first installment for all loan under the scheme.
Sanctioning Authority:
All the loan applications under the scheme will be processed and sanctioned at the Retail Processing Centres at Zonal Offices and in case there is no Retail Processing Centres at any Zonal Office, at the branches identified by the respective Zonal Office. On receipt of the sanctioned proposals the branch will disbursed the loan following all the stipulation noted by the Retail Processing Centres at Zonal Office/Processing Cell.
However before sanctioning any loan it should be ensured that the borrower have sufficient repaying capacity based on the average monthly income of the applicant for last three years and monthly family expenditure depending upon the size of family.
Pre-payment charges:
There will be no pre-payment charges for any loan sanctioned under the scheme.
Subsidy:
The subsidy will be 5% p.a. on interest charged on the admissible loan amount for both EWS and LIG, over the full period of the loan for construction or acquisition of a new house.
The Net Present Value (NPV) of the subsidy will be arrived at on the basis of notional discount rate of 9% p.a. (equivalent to Government Security rate) for the period of the loan and on the interest chargeable at the time the loan is contracted.
The subsidy will be credited upfront to the borrowers account and interest will be calculated on the net amount of loan at the agreed rate of interest.
Procedure for claiming Subsidy:
Participating branches will claim interest subsidy for the entire period of any loan disbursed during the quarter to Head Office, Priority Sector Department through their respective Zonal Offices.
Branches should submit their claim within 3 days of close of a quarter to their respective Zonal Offices and the Zonal Offices in turn will submit it to Head Office, Priority Sector Department within 7 days of close of a quarter.
Repayment:
Loan will be repaid in 180 to 240 EMI depending upon the income of the borrower. However branches may prefer for 20 years repayment, to get full benefits of Interest Subsidy and lower EMI.
Objective:
The key objective of the scheme is to enable Economically Weaker Sections (EWS) and Low Income Group (LIG) households to avail affordable housing loans for purchase of house/construction of new house.
Definition:
a) EWS- Economically Weaker Sections are those households having monthly income upto Rs.3300/-
b) LIG- Low Income Groups are those households having monthly income between Rs.3301/- to Rs. 7300/-
Target Group:
Individuals /NGOs for on lending to their group members. Preference will be given to SCs, STs, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of city/urban agglomerate during the 2001 census.
Applicants planning to form cooperative group housing societies or organizations like Employees Welfare Housing, Labour Housing, etc. should be given preference and whenever possible construction of houses by such cooperatives by way of 1+3 storied buildings should be promoted so that cost of land is shared among beneficiaries. However, this is not a mandatory requirement. Both individuals as well as group Housing borrowers are equally eligible under the scheme.
Target Borrower:
Identification of beneficiaries will be undertaken by Urban Local Bodies or Local Nodal Agencies and they will assist the borrowers in paper works and procedure of bank loan. However the borrower would be free to approach and negotiate a loan under the scheme directly with the bank branch.
Preference:
Preference will be given to Scheduled Caste, Scheduled Tribe, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of the city/urban agglomerate during the 2001 census
Stipulations:
The ultimate beneficiaries should not own a house in his/her name or in the name of his/her spouse or any dependent child. But such beneficiaries should own land in his name in case of application for construction of new house.
Area of operation:
Urban area. Zonal Offices will be advised to submit us a list of branches at urban area for implementation of the scheme.
Nodal Agency:
NHB and HUDCO were selected by the Government of India to act as intermediary financial institutions that would be responsible for administering the subsidy. Before implementation the Bank has to sign a MOU with any of the two organizations. We have signed MOU with NHB.
Loan amount:
a) EWS- Maximum loan of Rs.1 lac ( Rs one Lac Only) for a house of at least 25 sq mts.
b) LIG- Maximum loan of Rs.1.60 lac( Rs one Lac sixty thousand Only) for a house of at least 40 sq mts. However subsidy will be available for loan upto Rs. 1 lac only.
Disbursement:
Disbursement will be made on a phased manner depending upon the progress of construction. Branch will monitor the construction of the dwelling units financed under the scheme, including the approvals for the building design, infrastructure facilities etc. as also the quality of the construction and verify through site visits etc. the expenditure incurred upto different stages of construction. In case of construction disbursement may be done by debiting the respective loan account and crediting the savings bank account of the borrower. However in case of purchase of a ready built house the payment should be made directly to the vendor by issuing Demand Draft/ Pay Order as the case may be by debiting the loan account of the borrower.
Rate of Interest:
Interest @8.50% p.a. for first 5 years with a provision to reset after 5 years from the date of drawal of first installment for all loan under the scheme.
Sanctioning Authority:
All the loan applications under the scheme will be processed and sanctioned at the Retail Processing Centres at Zonal Offices and in case there is no Retail Processing Centres at any Zonal Office, at the branches identified by the respective Zonal Office. On receipt of the sanctioned proposals the branch will disbursed the loan following all the stipulation noted by the Retail Processing Centres at Zonal Office/Processing Cell.
However before sanctioning any loan it should be ensured that the borrower have sufficient repaying capacity based on the average monthly income of the applicant for last three years and monthly family expenditure depending upon the size of family.
Pre-payment charges:
There will be no pre-payment charges for any loan sanctioned under the scheme.
Subsidy:
The subsidy will be 5% p.a. on interest charged on the admissible loan amount for both EWS and LIG, over the full period of the loan for construction or acquisition of a new house.
The Net Present Value (NPV) of the subsidy will be arrived at on the basis of notional discount rate of 9% p.a. (equivalent to Government Security rate) for the period of the loan and on the interest chargeable at the time the loan is contracted.
The subsidy will be credited upfront to the borrowers account and interest will be calculated on the net amount of loan at the agreed rate of interest.
Procedure for claiming Subsidy:
Participating branches will claim interest subsidy for the entire period of any loan disbursed during the quarter to Head Office, Priority Sector Department through their respective Zonal Offices.
Branches should submit their claim within 3 days of close of a quarter to their respective Zonal Offices and the Zonal Offices in turn will submit it to Head Office, Priority Sector Department within 7 days of close of a quarter.
Repayment:
Loan will be repaid in 180 to 240 EMI depending upon the income of the borrower. However branches may prefer for 20 years repayment, to get full benefits of Interest Subsidy and lower EMI.
HSBC BANK HOME LOAN
Nothing would delight us more than to help you buy your dream home. HSBC Home Loans make it easier for you to move in as soon as possible without putting a strain on your wallet. Your dream home is closer than you think. Apply for a home loan today.
Your dream home, a reality
Loan requirement - We offer you loans ranging from Rs. 5 lakhs upto Rs. 5 crore*
Property types - We offer loans to Resident Indians and NRIs for ready property, self-construction and home improvement.
Loan tenure - Loans are available for tenures upto 25 years.
Flexibility, savings... more!
Home Loan repayment options - Choose between fixed and floating rate home loans. You also have the option of switching from a floating rate home loan to a fixed rate home loan once a year at no extra cost. ***
No penalty option - You can opt to pre-pay up to 25% of your loan every year. Pre-payment is permitted after a minimum of 6 months following loan disbursal.
Tax benefits - Resident Indians are eligible for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961.
Your dream home, a reality
Loan requirement - We offer you loans ranging from Rs. 5 lakhs upto Rs. 5 crore*
Property types - We offer loans to Resident Indians and NRIs for ready property, self-construction and home improvement.
Loan tenure - Loans are available for tenures upto 25 years.
Flexibility, savings... more!
Home Loan repayment options - Choose between fixed and floating rate home loans. You also have the option of switching from a floating rate home loan to a fixed rate home loan once a year at no extra cost. ***
No penalty option - You can opt to pre-pay up to 25% of your loan every year. Pre-payment is permitted after a minimum of 6 months following loan disbursal.
Tax benefits - Resident Indians are eligible for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961.
BANK OF BARODA HOME LOAN
Baroda Home Loan
Be a proud home owner in 6 days
Bank of Baroda presents yet another innovative product in the form of Baroda Home Loans to NRIs / PIOs, a unique housing loan facility designed specially for Non Resident Indians (NRI) and Person of Indian Origin (PIO).
Home Loan is available for:
Purchase of new / old dwelling unit.
Construction of house.
Purchase of plot of land for construction of a house.
Repaying a loan already taken from other Housing Finance Company / Bank.
Repayment period up to 25 years (floating rate option).
For detailed information on the benefits you can avail of, and terms and conditions to follow for the same.
Be a proud home owner in 6 days
Bank of Baroda presents yet another innovative product in the form of Baroda Home Loans to NRIs / PIOs, a unique housing loan facility designed specially for Non Resident Indians (NRI) and Person of Indian Origin (PIO).
Home Loan is available for:
Purchase of new / old dwelling unit.
Construction of house.
Purchase of plot of land for construction of a house.
Repaying a loan already taken from other Housing Finance Company / Bank.
Repayment period up to 25 years (floating rate option).
For detailed information on the benefits you can avail of, and terms and conditions to follow for the same.
MCB HOME LOAN
PYARA GHAR
Owning your dream home has never been easier. MCB ‘Pyara Ghar’ is the most sensible option for purchasing, building, or renovating your new/existing home. It offers you a range of financing options to help you realize your dreams. After all ", Apna Ghar Pyara Ghar".
Purpose
HP: Purchase of Ready property.
HR: Construction of house on land owned by borrower/s and should be disbursed in tranches.
BTF: Payment to the relevant bank plus a portion paid to the customer for documented end use other than investments in real estate and capital market.
PC: Purchase of land / plot and construction on it which should be disbursed in tranches.
Owning your dream home has never been easier. MCB ‘Pyara Ghar’ is the most sensible option for purchasing, building, or renovating your new/existing home. It offers you a range of financing options to help you realize your dreams. After all ", Apna Ghar Pyara Ghar".
Purpose
HP: Purchase of Ready property.
HR: Construction of house on land owned by borrower/s and should be disbursed in tranches.
BTF: Payment to the relevant bank plus a portion paid to the customer for documented end use other than investments in real estate and capital market.
PC: Purchase of land / plot and construction on it which should be disbursed in tranches.
IDBI BANK HOME LOAN
HOME LOAN
Home, sweet home, built out of your dreams. A place where you return after a hard day's work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. IDBI Bank helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans.
Presenting IDBI Bank's ultra flexible home loan you have been looking for. We realise what owning your home means to you and your family.
You can avail of the Home Loans for constructing a home, purchasing a ready built house / flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies. Click here to apply.
Advantages of IDBI Bank Ultra Flexible Home Loans
Maximum Funding
Flexibility of choosing between Floating or Fixed interest rate
Attractive rate of interest
EMI on daily reducing balance
Personalised doorstep service
Simple documentation
Legal and technical assistance
Balance transfer facility
Reassessment and adjustment of applicant's loan eligibility in case of change of income and residence status
Features
Tenor of a home loan can be up to 25 years for a resident individual whereas for NRIs the maximum tenure is 15 years subject to maximum age of 60 years at maturity.
Loan can be applied for a maximum of 90% of the property value subject to credit discretion.
Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary.
Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
Other parameters considered include an account of your age, income, number of dependents, financial stability and co-applicant’s income.
Tax Benefits
As per the current finance bill you can get:
A maximum deduction of Rs. 1,50,000 on your income towards interest paid on your home loans u/s 24
A maximum deduction of Rs. 1,00,000 on the principal repaid u/s 80 CCE
The above benefits are available subject to you fulfilling certain conditions, for which you should refer the IT Act 1961
Home, sweet home, built out of your dreams. A place where you return after a hard day's work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. IDBI Bank helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans.
Presenting IDBI Bank's ultra flexible home loan you have been looking for. We realise what owning your home means to you and your family.
You can avail of the Home Loans for constructing a home, purchasing a ready built house / flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies. Click here to apply.
Advantages of IDBI Bank Ultra Flexible Home Loans
Maximum Funding
Flexibility of choosing between Floating or Fixed interest rate
Attractive rate of interest
EMI on daily reducing balance
Personalised doorstep service
Simple documentation
Legal and technical assistance
Balance transfer facility
Reassessment and adjustment of applicant's loan eligibility in case of change of income and residence status
Features
Tenor of a home loan can be up to 25 years for a resident individual whereas for NRIs the maximum tenure is 15 years subject to maximum age of 60 years at maturity.
Loan can be applied for a maximum of 90% of the property value subject to credit discretion.
Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary.
Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
Other parameters considered include an account of your age, income, number of dependents, financial stability and co-applicant’s income.
Tax Benefits
As per the current finance bill you can get:
A maximum deduction of Rs. 1,50,000 on your income towards interest paid on your home loans u/s 24
A maximum deduction of Rs. 1,00,000 on the principal repaid u/s 80 CCE
The above benefits are available subject to you fulfilling certain conditions, for which you should refer the IT Act 1961
NED BANK HOME LOAN
BUYING A HOME
Wanting to buy a home, wow, let's make the journey exciting and successful! The road to finding a suitable home however is filled with many choices. One of the most important choices being choosing between buying a newly built home or an existing resale home. Both options offer advantages. A great way to get started is by examining both options. You will need to ask yourself which type of home will best meet your needs.
Advantages of buying a Newly Built Home
Built in accordance with today's building rules, regulations and standards often has more safety features and fewer health hazards than older homes.
Reflects the latest in modern architecture and layout. Homes with great rooms, bigger closets and additional bathrooms.
More energy efficient in design with better windows, more efficient heating and cooling equipment, and more extensive use of insulation. Over 30% of your home's heat escapes through the roof. Ensure your home is properly insulated to save on heating and cooling costs while also protecting the environment.
Built with materials requiring less maintenance.
Most often customised to your requirements since you can often select many options and details ranging from floor plans and paint colours to faucets and light fixtures. You can allow your tastes to shine through from day one.
Take green living into consideration and include the use of solar energy. By having solar panels installed, you can heat your home and household water in an ecologically friendly way. Choose pressurised low-flow showerheads and toilets to help save water.
Provides additional opportunities to meet new friends as the neighbourhood develops and new households move in.
Allows for the creation of an environmentally friendly garden with indigenous plants, trees, herbs, vegetables and fruit. In this way you are contributing to the reversal of climate change.
Advantages of buying an Existing Resale Home
The architectural design displays more detail than the budget for a new home may allow.
Has mature trees and landscaping on more land than newer properties. One tree can absorb one ton of carbon dioxide over its lifetime. The shade provided by older trees can also reduce the need for air conditioning.
The established neighbourhood provides neighbours who can tell you all about your new area.
Likely to be in a location closer to required amenities such as shopping centres, hospitals, schools, police stations etc.
Provides the opportunity to buy a larger home, as based on a square meter comparison, existing properties tend to be less expensive than new ones of the same size.
Can have lower property rates and taxes than that of a new home, depending on locality.
Buyers have more room to negotiate the price or terms of sale than with a new home.
Home Loan solutions designed to suit you!
Nedbank offers a range of flexible home loan solutions designed to help you afford the home you've always dreamt about. Thanks to our competitive home loan interest rates and ability to tailor mortgage loans to suit the individual homebuyer's needs, you could be a whole lot closer to owning a home than you think! Whether you are a first-time homebuyer or a homeowner seeking to get approval for a second home loan, Nedbank has a financial solution that's right for you.
Select the right option for you
Ordinary Loan : a flexible home loan that can be tailored to your individual requirements for the purchase of an established residential property or the construction of a residential property.
Building Loan : may be used to finance the construction of a dwelling, additions or improvements to an existing residential building.
Buy to Let : is a loan used to purchase residential property for investment purposes with the intention of generating rental.
HomeVision : allows you to register a bond higher than the required loan, thus creating a surplus that may be accessed at a later stage.
BUILDING YOUR HOME
A Building Loan: is a product that is utilised to finance the construction of a dwelling, additions or improvements. For all new or existing clients planning to build a new residential property or who are in the process of upgrading their existing residential property and require a loan to finance the upgrading.
General Building loan information
You shall be charged monthly interest on each draw down payment requested by you and approved by Nedbank on a monthly basis. Subsequent monthly repayments will be made up of interest calculated on all previous draw downs made by you and approved by Nedbank until final draw down, but will not exceed the instalment quoted in the quotation.
It is mandatory to begin servicing your interest once your first progress payment is made.
Progress payments refer to the progressive draws in which the building loan is paid out. These draws are paid out as the building progresses, i.e. in stages. Nedbank will advance the builder a series of payments on condition that the Bank is satisfied with the percentage of building work completed. The builder normally requests three to four progress payments prior to completion of your home.
This ensures that quality homes are provided to you at competitive prices. The work of builders registered with the NHBRC is guaranteed for five years. This means that if something goes wrong, you have a claim against the NHBRC builder's fund.
No upfront payments will be authorised from your loan. It is important to ensure that the builder has sufficient funds to get started and to complete at least 30% of the building project.
RENOVATE YOUR HOME
As your family grows or your lifestyle changes, you may need to extend or improve your current home.
Re-advance
Re-advance gives you access to the capital amount you've already paid off on your home loan or access to the portion of the amount registered that was previously not utilised, up to the original registered amount. Approval is subject to Nedbank's credit qualifying criteria and property valuation.
Benefits
Access to available funds at your current preferential home loan interest rate.
No mortgage bond to be registered and therefore no attorney fees payable.
Further Loan
A further loan with registration provides you with an opportunity to apply for an amount in addition to your original loan amount. The amount will be based on the increased value of your property or the premise of increasing it. The further loan is secured by a second bond, registered over the property and lodged with the deeds office. Approval is subject to Nedbank's credit qualifying criteria and property valuation.
Benefits:
It is the most cost effective loan you can obtain to finance your renovations.
Easy and quick access to funds if accessing the enhanced value of your property.
Which renovations make worthwhile investments?
Be careful that you don't overcapitalise with your renovations, as the important thing is to get the greatest value from your home improvement. The Return on Investment may vary based on your area and the improvements you may be doing i.e. remodelling, replacements and additions.
Keep your renovations legal
Building permits: these are required if you are undertaking structural work. These permits ensure that improvements meet minimum safety standards.
Zoning: it is important to ensure that you understand what you can and cannot do in your area i.e. add swimming pools or a tennis court. A zoning map will inform you on sidewalks, side yards and other local requirements.
Before you start
Develop a plan for your renovations.
Consult an architect or designer to determine whether you'll be modifying an existing space or building an addition.
Establish a construction budget, including material and labour costs.
Select a contractor.
Take green living into consideration when renovating your home and include the use of solar energy. By having solar panels installed, you can heat your home and household water in an ecologically friendly way. Choose pressurised low-flow showerheads and toilets to help save water. Over 30% of your home's heat escapes through the roof. Ensure your home is properly insulated to save on heating and cooling costs while protecting the environment at the same time.
Once the job is done
A professional home inspection is recommended.
Inspection should cover all the home's major systems and structural elements, including the foundation, electrical system, heating and cooling systems, insulation, roofing, plumbing and all exterior features.
It is recommended that you are present for inspection so that you can see the problems first hand.
Wanting to buy a home, wow, let's make the journey exciting and successful! The road to finding a suitable home however is filled with many choices. One of the most important choices being choosing between buying a newly built home or an existing resale home. Both options offer advantages. A great way to get started is by examining both options. You will need to ask yourself which type of home will best meet your needs.
Advantages of buying a Newly Built Home
Built in accordance with today's building rules, regulations and standards often has more safety features and fewer health hazards than older homes.
Reflects the latest in modern architecture and layout. Homes with great rooms, bigger closets and additional bathrooms.
More energy efficient in design with better windows, more efficient heating and cooling equipment, and more extensive use of insulation. Over 30% of your home's heat escapes through the roof. Ensure your home is properly insulated to save on heating and cooling costs while also protecting the environment.
Built with materials requiring less maintenance.
Most often customised to your requirements since you can often select many options and details ranging from floor plans and paint colours to faucets and light fixtures. You can allow your tastes to shine through from day one.
Take green living into consideration and include the use of solar energy. By having solar panels installed, you can heat your home and household water in an ecologically friendly way. Choose pressurised low-flow showerheads and toilets to help save water.
Provides additional opportunities to meet new friends as the neighbourhood develops and new households move in.
Allows for the creation of an environmentally friendly garden with indigenous plants, trees, herbs, vegetables and fruit. In this way you are contributing to the reversal of climate change.
Advantages of buying an Existing Resale Home
The architectural design displays more detail than the budget for a new home may allow.
Has mature trees and landscaping on more land than newer properties. One tree can absorb one ton of carbon dioxide over its lifetime. The shade provided by older trees can also reduce the need for air conditioning.
The established neighbourhood provides neighbours who can tell you all about your new area.
Likely to be in a location closer to required amenities such as shopping centres, hospitals, schools, police stations etc.
Provides the opportunity to buy a larger home, as based on a square meter comparison, existing properties tend to be less expensive than new ones of the same size.
Can have lower property rates and taxes than that of a new home, depending on locality.
Buyers have more room to negotiate the price or terms of sale than with a new home.
Home Loan solutions designed to suit you!
Nedbank offers a range of flexible home loan solutions designed to help you afford the home you've always dreamt about. Thanks to our competitive home loan interest rates and ability to tailor mortgage loans to suit the individual homebuyer's needs, you could be a whole lot closer to owning a home than you think! Whether you are a first-time homebuyer or a homeowner seeking to get approval for a second home loan, Nedbank has a financial solution that's right for you.
Select the right option for you
Ordinary Loan : a flexible home loan that can be tailored to your individual requirements for the purchase of an established residential property or the construction of a residential property.
Building Loan : may be used to finance the construction of a dwelling, additions or improvements to an existing residential building.
Buy to Let : is a loan used to purchase residential property for investment purposes with the intention of generating rental.
HomeVision : allows you to register a bond higher than the required loan, thus creating a surplus that may be accessed at a later stage.
BUILDING YOUR HOME
A Building Loan: is a product that is utilised to finance the construction of a dwelling, additions or improvements. For all new or existing clients planning to build a new residential property or who are in the process of upgrading their existing residential property and require a loan to finance the upgrading.
General Building loan information
You shall be charged monthly interest on each draw down payment requested by you and approved by Nedbank on a monthly basis. Subsequent monthly repayments will be made up of interest calculated on all previous draw downs made by you and approved by Nedbank until final draw down, but will not exceed the instalment quoted in the quotation.
It is mandatory to begin servicing your interest once your first progress payment is made.
Progress payments refer to the progressive draws in which the building loan is paid out. These draws are paid out as the building progresses, i.e. in stages. Nedbank will advance the builder a series of payments on condition that the Bank is satisfied with the percentage of building work completed. The builder normally requests three to four progress payments prior to completion of your home.
This ensures that quality homes are provided to you at competitive prices. The work of builders registered with the NHBRC is guaranteed for five years. This means that if something goes wrong, you have a claim against the NHBRC builder's fund.
No upfront payments will be authorised from your loan. It is important to ensure that the builder has sufficient funds to get started and to complete at least 30% of the building project.
RENOVATE YOUR HOME
As your family grows or your lifestyle changes, you may need to extend or improve your current home.
Re-advance
Re-advance gives you access to the capital amount you've already paid off on your home loan or access to the portion of the amount registered that was previously not utilised, up to the original registered amount. Approval is subject to Nedbank's credit qualifying criteria and property valuation.
Benefits
Access to available funds at your current preferential home loan interest rate.
No mortgage bond to be registered and therefore no attorney fees payable.
Further Loan
A further loan with registration provides you with an opportunity to apply for an amount in addition to your original loan amount. The amount will be based on the increased value of your property or the premise of increasing it. The further loan is secured by a second bond, registered over the property and lodged with the deeds office. Approval is subject to Nedbank's credit qualifying criteria and property valuation.
Benefits:
It is the most cost effective loan you can obtain to finance your renovations.
Easy and quick access to funds if accessing the enhanced value of your property.
Which renovations make worthwhile investments?
Be careful that you don't overcapitalise with your renovations, as the important thing is to get the greatest value from your home improvement. The Return on Investment may vary based on your area and the improvements you may be doing i.e. remodelling, replacements and additions.
Keep your renovations legal
Building permits: these are required if you are undertaking structural work. These permits ensure that improvements meet minimum safety standards.
Zoning: it is important to ensure that you understand what you can and cannot do in your area i.e. add swimming pools or a tennis court. A zoning map will inform you on sidewalks, side yards and other local requirements.
Before you start
Develop a plan for your renovations.
Consult an architect or designer to determine whether you'll be modifying an existing space or building an addition.
Establish a construction budget, including material and labour costs.
Select a contractor.
Take green living into consideration when renovating your home and include the use of solar energy. By having solar panels installed, you can heat your home and household water in an ecologically friendly way. Choose pressurised low-flow showerheads and toilets to help save water. Over 30% of your home's heat escapes through the roof. Ensure your home is properly insulated to save on heating and cooling costs while protecting the environment at the same time.
Once the job is done
A professional home inspection is recommended.
Inspection should cover all the home's major systems and structural elements, including the foundation, electrical system, heating and cooling systems, insulation, roofing, plumbing and all exterior features.
It is recommended that you are present for inspection so that you can see the problems first hand.
ICICI BANK HOME LOAN
Best Deals on Home Loan for You
We, at ICICI Bank Home Loans, offer unbeatable benefits to ensure that you get the best deal without any hassles.
As one of the leading home loan provider, ICICI Bank understands how special building a new home is for you and our Home Loan help you lay the foundation for your dream home.
ICICI offers you the most convenient home loan plans to suit your needs. With so many attractive features in every type of home loan we offer, creating the home you always wanted is no longer a distant dream. Some of our key benefits are:
Guidance through out the process
Home loan amounts suited to your needs
Home Loan tenure upto 20 years
Simplified documentation
Doorstep delivery of home loan papers
Sanction approval without having selected a property.
Free Personal Accident Insurance (Terms & Conditions)
Insurance options for your home loan at attractive premium
No matter what the requirement, we have an appropriate plan for you.Get the best deals, and finance your perfect home, only from ICICI Bank.
ELIGIBILITY
Home Loans can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian who are Salaried. For resident Indians the following are the eligibility norms:
You must be at least 21 years of age when the loan is sanctioned.
The loan must terminate before or when you turn 65 years of age or before retirement, whichever is earlier.
You must be employed or self-employed with a regular source of income.
Loan Amount
With ICICI Bank Home Loans, you can get a home loan suited to your needs. The home loan amount depends on your repayment capability and is restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable. A number of factors are taken into account when assessing your repayment capacity. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability, continuity of occupation and savings history.
However, there are ways by which you can enhance your eligibility.
If your spouse is earning, put him/her as a co-applicant. The additional income shall be included to enhance your loan amount. In case of any co-owners they must necessarily be co-applicants.
The final amount to be sanctioned will depend on your repayment capacity. However, what you ultimately are entitled to will have to conform within the limits fixed for each loan.
Also, when the company looks at the total cost, registration charges, transfer charges and stamp duty costs are included.
We, at ICICI Bank Home Loans, offer unbeatable benefits to ensure that you get the best deal without any hassles.
As one of the leading home loan provider, ICICI Bank understands how special building a new home is for you and our Home Loan help you lay the foundation for your dream home.
ICICI offers you the most convenient home loan plans to suit your needs. With so many attractive features in every type of home loan we offer, creating the home you always wanted is no longer a distant dream. Some of our key benefits are:
Guidance through out the process
Home loan amounts suited to your needs
Home Loan tenure upto 20 years
Simplified documentation
Doorstep delivery of home loan papers
Sanction approval without having selected a property.
Free Personal Accident Insurance (Terms & Conditions)
Insurance options for your home loan at attractive premium
No matter what the requirement, we have an appropriate plan for you.Get the best deals, and finance your perfect home, only from ICICI Bank.
ELIGIBILITY
Home Loans can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian who are Salaried. For resident Indians the following are the eligibility norms:
You must be at least 21 years of age when the loan is sanctioned.
The loan must terminate before or when you turn 65 years of age or before retirement, whichever is earlier.
You must be employed or self-employed with a regular source of income.
Loan Amount
With ICICI Bank Home Loans, you can get a home loan suited to your needs. The home loan amount depends on your repayment capability and is restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable. A number of factors are taken into account when assessing your repayment capacity. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability, continuity of occupation and savings history.
However, there are ways by which you can enhance your eligibility.
If your spouse is earning, put him/her as a co-applicant. The additional income shall be included to enhance your loan amount. In case of any co-owners they must necessarily be co-applicants.
The final amount to be sanctioned will depend on your repayment capacity. However, what you ultimately are entitled to will have to conform within the limits fixed for each loan.
Also, when the company looks at the total cost, registration charges, transfer charges and stamp duty costs are included.
BANK AL FALAH HOME LOAN
BUY YOUR HOME
With this facility, you no longer need to just dream about the home you want for yourself and your family .We will provide you up to 70% of the purchase price of the property, so that you can realize your dream and enter the reality of owning a home!.
Payment period ranges from 3 to 20 years.
START IT TODAY
The crown jewel of our Home Finance scheme, the golden opportunity for someone starting a career to buy an already constructed housing unit early in life! We offer a moratorium of upto 3 years in principal payments, for a financing of upto 20 years. You service only the mark-up element initially, and principal repayment starts after the end of moratorium period.
Home Start is specially designed for young professionals to own a quality asset.
BUILT YOUR HOME
You own a plot but need financing to construct a home, that excites everyone in your family! No problem. We will provide up-to 100% of the construction cost enabling you to say good-bye to rent forever! Even if you don't have a plot, we will provide upto 60% of the value of the plot that you have selected to purchase!
Do we excite your imagination?
Payment period ranges from 3 to 20 years.
RENOVATE YOUR HOME
You already own a home, but need extra space for a growing family or want to see some rooms get a new look. Simply apply for financing of upto Rs. 3.50 million or 40% of the surveyed value of your home and get yourself the extra space!
You can stretch your payments for upto 10 years.
With this facility, you no longer need to just dream about the home you want for yourself and your family .We will provide you up to 70% of the purchase price of the property, so that you can realize your dream and enter the reality of owning a home!.
Payment period ranges from 3 to 20 years.
START IT TODAY
The crown jewel of our Home Finance scheme, the golden opportunity for someone starting a career to buy an already constructed housing unit early in life! We offer a moratorium of upto 3 years in principal payments, for a financing of upto 20 years. You service only the mark-up element initially, and principal repayment starts after the end of moratorium period.
Home Start is specially designed for young professionals to own a quality asset.
BUILT YOUR HOME
You own a plot but need financing to construct a home, that excites everyone in your family! No problem. We will provide up-to 100% of the construction cost enabling you to say good-bye to rent forever! Even if you don't have a plot, we will provide upto 60% of the value of the plot that you have selected to purchase!
Do we excite your imagination?
Payment period ranges from 3 to 20 years.
RENOVATE YOUR HOME
You already own a home, but need extra space for a growing family or want to see some rooms get a new look. Simply apply for financing of upto Rs. 3.50 million or 40% of the surveyed value of your home and get yourself the extra space!
You can stretch your payments for upto 10 years.
CITI BANK HOME LOAN
Owning A Home Was Never So Easy
Turn your dreams into reality. With Citibank's Own a Home you can purchase your own home on low monthly installments through a simple and hassle free process
Exciting Features
Highest Loan Amounts
You can avail a loan from Rs. 3 lacs to Rs. 1.2 crores to purchase the perfect home.
Easy Monthly Installments
You can pay back your loan in easy and affordable monthly installments spread over 3 to 20 years.
Taking a Citibank Home Loan gives you the power to beat inflation. While on one hand, rising property prices will increase the value of your asset, on the other hand your income also keeps rising with inflation and the monthly installments keep reducing as a percentage of your income.
Click here to know monthly installments for various loan amounts.
High Loan to Values
Citibank finances upto 80% of the loan against the value of the property.
Free Pre-Approved Credit Card
As a special offer for its valued customers, with every home loan that is booked, you get a pre-approved Credit Card absolutely free for the 1st year. Now that's what we call value for money!
Pricing
Choose the mark-up rate that suits you best. We offer three different kinds of mark-up rates – the Adjustable Rate and Flexi Fixed Rate
Flexible Payments
Citibank Home Loans gives you the unique option of reducing your principal balance through partial and full pre-payments or through the step-up payment plan for a nominal fee. This will allow you to reduce your overall mark-up costs as and when you have access to additional funds.
To find out more talk to your Relationship Manager.
Clubbing of Spouses income
To avail the facility of obtaining a higher loan amount, Citibank Home Loans offer you the option of adding your spouse's income to arrive at the maximum loan amount.
Lowest Rates on Property and Life Insurance
We have made special arrangements with major Insurance Companies to provide you with very low and attractive Property and Life Insurance rates.
Preferred Estate Agents
Our Preferred Estate Agents will help and guide you in finding your perfect home. All you have to do is call them and they will provide you with all the assistance that you need.
Minimum Processing Fees
We offer you your dream home at a minimal processing fee. Our panel of experts take care of legal and appraisal formalities. They strive to ensure that the property you are purchasing is at the right price and has proper documentation. Our process guide gives you the breakup of our processing fees.
Turn your dreams into reality. With Citibank's Own a Home you can purchase your own home on low monthly installments through a simple and hassle free process
Exciting Features
Highest Loan Amounts
You can avail a loan from Rs. 3 lacs to Rs. 1.2 crores to purchase the perfect home.
Easy Monthly Installments
You can pay back your loan in easy and affordable monthly installments spread over 3 to 20 years.
Taking a Citibank Home Loan gives you the power to beat inflation. While on one hand, rising property prices will increase the value of your asset, on the other hand your income also keeps rising with inflation and the monthly installments keep reducing as a percentage of your income.
Click here to know monthly installments for various loan amounts.
High Loan to Values
Citibank finances upto 80% of the loan against the value of the property.
Free Pre-Approved Credit Card
As a special offer for its valued customers, with every home loan that is booked, you get a pre-approved Credit Card absolutely free for the 1st year. Now that's what we call value for money!
Pricing
Choose the mark-up rate that suits you best. We offer three different kinds of mark-up rates – the Adjustable Rate and Flexi Fixed Rate
Flexible Payments
Citibank Home Loans gives you the unique option of reducing your principal balance through partial and full pre-payments or through the step-up payment plan for a nominal fee. This will allow you to reduce your overall mark-up costs as and when you have access to additional funds.
To find out more talk to your Relationship Manager.
Clubbing of Spouses income
To avail the facility of obtaining a higher loan amount, Citibank Home Loans offer you the option of adding your spouse's income to arrive at the maximum loan amount.
Lowest Rates on Property and Life Insurance
We have made special arrangements with major Insurance Companies to provide you with very low and attractive Property and Life Insurance rates.
Preferred Estate Agents
Our Preferred Estate Agents will help and guide you in finding your perfect home. All you have to do is call them and they will provide you with all the assistance that you need.
Minimum Processing Fees
We offer you your dream home at a minimal processing fee. Our panel of experts take care of legal and appraisal formalities. They strive to ensure that the property you are purchasing is at the right price and has proper documentation. Our process guide gives you the breakup of our processing fees.
BANK OF PUNJAB HOME LOAN
About Scheme:
Purchase of house/flat
Purchase of Plot & Construction thereon
Construction of house on self owned plot
Renovation/home improvement
Target Market
Salaried Individuals (SI)
Self Employed Professionals (SEP)
Self Employed Businessmen (SEB)
ELIGIBILITY CRITERIA FOR SALARIED INDIVIDUALS (SI)
Age between 25 and 60 Years or retirement date; whichever is earlier (60 Years at maturity of facility)
Minimum Take Home Salary is Rs. 10,000/-
Permanent. Employee with Minimum 03 Years of continuous job Experience including 01 year with current employer. (02 Year for BOP Employees including probationary period).
Maintaining Salary Account in any bank.
Have valid CNIC
Residing or working in launching cities.
ELIGIBILITY CRITERIA FOR SEP/SEB
Age between 25 and 60 Years or retirement date; whichever is earlier (60 Years at maturity of facility)
Minimum 03 Years in current business.
Minimum Monthly Net Income is Rs. 20,000/- (Established through Tax Return or Income Estimation Report of outsourced agencies or Bank Statement).
Have valid CNIC
Residing or working in launching cities.
Tax Payer
Security of Loan
House/Flat purchased.
Plot on which construction is to be carried out.
House on which renovation is to be carried out.
10 % Token Registered Mortgage
Equitable mortgage for the full marked up amount
Noting of charge in revenue record
Life Insurance of the borrower assigned in the name of Bank
Insurance of property
Three undated cheques for the marked up loan amount (principle + mark-up)
FOR SALARIED PERSON:
Copy of valid CNIC
Latest Salary Slip / Employer Certificate on organization’s letter head (as per BOP specimen)
Two Recent Photographs
Bank Statement for last 6 months
Latest Copy of utility bills (Electricity & phone)
Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer
FOR SELF EMPLOYED BUSINESSMEN / PROFESSIONAL:
CNIC
Two Recent Photographs
Bank Statement for last 01 Year of Business Accounts
Latest Copy of utility bills (Electricity & phone) of Residence
Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer
Copy of Rent agreement if living in rented house
BUSINESS RELATED DOCUMENTS.
Latest copy of utility bills (Electricity & phone) of current business address.
Documentary evidence in business or in the profession for the last 05 years.
Proprietorship Certificate/Partnership deed
Copy of Professional Degree (For Professionals)
Title document or rent deed of the office
If office premises moved in the last 3 years details and evidence of last office premises
Copy of professional degree for self-employed professionals
BUSINESS FINANCIAL DOCUMENTS.
Income Tax Return/Wealth Tax Statement
Balance Sheet
Profit & Loss Statement
Any other documents
PROPERTY RELATED INFORMATION TO BE PLACED WITH THE BANK AS SECURITY
Copy of Title document of the property.
Copy of approved building plan and completion certificate of house.
Copy of property tax payment receipt (PT1/PT 10)
NEC
Any other documents advised by legal counsel
NOC to mortgage leasehold property to the bank should also be obtained from the respective LESSOR (if applicable) and to ensure that there are no restrictive covenants in the Lease Agreement / Deed. NOC to mortgage from concerned society
Purchase of house/flat
Purchase of Plot & Construction thereon
Construction of house on self owned plot
Renovation/home improvement
Target Market
Salaried Individuals (SI)
Self Employed Professionals (SEP)
Self Employed Businessmen (SEB)
ELIGIBILITY CRITERIA FOR SALARIED INDIVIDUALS (SI)
Age between 25 and 60 Years or retirement date; whichever is earlier (60 Years at maturity of facility)
Minimum Take Home Salary is Rs. 10,000/-
Permanent. Employee with Minimum 03 Years of continuous job Experience including 01 year with current employer. (02 Year for BOP Employees including probationary period).
Maintaining Salary Account in any bank.
Have valid CNIC
Residing or working in launching cities.
ELIGIBILITY CRITERIA FOR SEP/SEB
Age between 25 and 60 Years or retirement date; whichever is earlier (60 Years at maturity of facility)
Minimum 03 Years in current business.
Minimum Monthly Net Income is Rs. 20,000/- (Established through Tax Return or Income Estimation Report of outsourced agencies or Bank Statement).
Have valid CNIC
Residing or working in launching cities.
Tax Payer
Security of Loan
House/Flat purchased.
Plot on which construction is to be carried out.
House on which renovation is to be carried out.
10 % Token Registered Mortgage
Equitable mortgage for the full marked up amount
Noting of charge in revenue record
Life Insurance of the borrower assigned in the name of Bank
Insurance of property
Three undated cheques for the marked up loan amount (principle + mark-up)
FOR SALARIED PERSON:
Copy of valid CNIC
Latest Salary Slip / Employer Certificate on organization’s letter head (as per BOP specimen)
Two Recent Photographs
Bank Statement for last 6 months
Latest Copy of utility bills (Electricity & phone)
Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer
FOR SELF EMPLOYED BUSINESSMEN / PROFESSIONAL:
CNIC
Two Recent Photographs
Bank Statement for last 01 Year of Business Accounts
Latest Copy of utility bills (Electricity & phone) of Residence
Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer
Copy of Rent agreement if living in rented house
BUSINESS RELATED DOCUMENTS.
Latest copy of utility bills (Electricity & phone) of current business address.
Documentary evidence in business or in the profession for the last 05 years.
Proprietorship Certificate/Partnership deed
Copy of Professional Degree (For Professionals)
Title document or rent deed of the office
If office premises moved in the last 3 years details and evidence of last office premises
Copy of professional degree for self-employed professionals
BUSINESS FINANCIAL DOCUMENTS.
Income Tax Return/Wealth Tax Statement
Balance Sheet
Profit & Loss Statement
Any other documents
PROPERTY RELATED INFORMATION TO BE PLACED WITH THE BANK AS SECURITY
Copy of Title document of the property.
Copy of approved building plan and completion certificate of house.
Copy of property tax payment receipt (PT1/PT 10)
NEC
Any other documents advised by legal counsel
NOC to mortgage leasehold property to the bank should also be obtained from the respective LESSOR (if applicable) and to ensure that there are no restrictive covenants in the Lease Agreement / Deed. NOC to mortgage from concerned society
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