Home Loan

We help you own a home.
At Finance Mitra, we know what owning a home means to our customers. Therefore, we offer pocket-friendly loan eligibility options that can be processed within hours for a desired property for salaried, self-employed, NRIs, and PIO customers. Just give us a call or walk into our office for grabbing the right deal.

Eligibility

• Indian resident, Non-Indian resident, Person of Indian Origin
• Age limit from 18 -70 years
• Loan Tenure shouldn’t exceed to 30 years
• Loan Amount shouldn’t exceed 5 cr.

Documents Required:
SALARIED
• Address Proof: Residential Address- Leave and License/Registered Rent
Agreement/Utility Bill (up to 3 months old), Passport • Identity Proof: Passport/Driving License/Voter ID/ PAN
• Bank loan application form to be filled in with passport sized photographs affixed
• 3 month Pay slips
• Income Proof Documents
• Form 16 of the alast two years
• Copy of Income Tax PAN
• 6 months bank statement that shows salary from the employer and any EMI paid for outstanding debt.
• Complete chain of property papers
• Cheque for processing fee favoring the bank

SELF-EMPLOYED
• Pan card of all directors
• Address proof of all directors
• Pan card of company
• MOA/AOA of the company
• Shareholding and director list on letterhead of company
• 3 years financials of company(ITR, computation, balance sheet, P&L, audit reports, tax audit report and all annexure)
• 3 years ITR and computation of all directors
• 6 months current account statement of company of all accounts
• 6 months savings account of all directors
• All loans sanction letter of company and individuals.
• GST registration of company
• Last 1 year GST return of company
• Form 26AS for company and all directors
• Property papers complete chain
• Cheque favoring the processing bank

ALL DOCUMENTS TO BE SELF ATTESTED
NRI & PIO RESIDENTS
• Dully filled & signed application NRI loan application form
• One passport size photograph to be affixed on the application form & to be self attested by applicant & co-applicant
• Copy of identify proof of both applicant & co-applicant (Passport, pan card, driving license)
• Copy of residence proof of both Indian and overseas address of applicant&/co-applicant (Utility bill- electricity/telephone bill, lease agreement, passport, bank statement, letter from employer)
• Copy of visa stamped on the passport (last visit details to be highlighted)
• Copy of employment contract
• Website address of the employer and contact details of HR Manager
• Copy of last 3 months salary slip/ original salary certificate
• Bank statement of the overseas bank account for the last 6 months (salary credits & rent paid to be highlighted)
• Bank Statement of the NRE/NRO account for the last 6 months( in India)
• Profile of the applicant &/co-applicant and qualification proofs
• Past occupational history (in case of less than 2 years of work experience or recent change in employment)
• Details of any other loan availed from any other bank/financial institution in India or overseas (to be mentioned on the application form)
• Bank statement showing repayment of the loans availed from any other bank/ financial institution for the last 6 months / repayment track record from the bank/ financial institution the loan has been availed from
• Credit Bureau Report (incase facility not available in the country applicant&/ co-applicant are based at than declaration to be collected mentioning details of any other loans availed)
• Power of attorney details or local contact person’s details to be updated on the application form
• Processing Fees Cheque in favor of bank
• Contact details of HR for employment confirmation

* Incase customer is permanent resident of the overseas country then permanent resident card will be required.
 All the documents to be self attested
 If the documents are in language other than English an English translation of the same attested by the embassy should be provided
 Incase applicant & co-applicant is not present in India at the disbursement of the loan and POA has been identified then KYC documents of the applicant & co-applicant to be attested by the notary public or Indian Embassy. Or customer can provide banker’s certificate from his bank on their letter head mentioning that applicant & co-applicant are KYC complied with the bank.

Benefits of Home loan from Finance Mitra

• Smaller EMIs for spacing out payment over a longer tenure
• Attractive interest rates
• Easy application process
• Doorstep services
• Wider options
• Expert Opinions