Which Bank provide Loan to purchase Land 9642445885 NRI home
loan. Purchase of a plot through direct allotment; Purchase of a selling plot.
Transferring your outstanding loan availed from another Bank / financial
institution. engaging interest rates that create your Plot Loan cheap and
easier on your pocket. customised compensation choices to fit your wants. Get
more information Apply 9642445885
Various personal and public sector banks are starting up
with engaging loan plans for its customers for purchase of land, purchase or
construction of house/flat. The loan is taken for each land purchase in
addition as construction on the land.
Eligibility for Land
Purchase Loans:
Any individual aged 21 years or higher than having regular
financial gain is mostly eligible to use for land Purchase loan.
Maximum quantity of
Loans:
The quantum of loan sanctioned, depends on variety of things
just like the value of house/flat, person's age whereas applying for loan,
income, repayment capability etc. Loans of upper quantity is also thought-about
on the premise of advantage of the case. The loan will then be repaid through
Equated Monthly Installments or EMI. The loan is collectible most in years.
•
Margin for purchase or construction of latest
house/flat
•
Minimum V-day of the project value for
individual
•
Minimum 100 percent of the project value just in
case wife joins as co-borrower
•
Margin for purchase of recent house/flat/land:
•
Minimum 30 minutes of buying worth. This worth
might vary from bank to bank.
Interest on land
Purchase Loans:
Interest on each mounted in addition unsteady rates are out
there. the particular interest rate is ruled by prevailing market conditions at
the time of taking loan. Special reductions in interest rates might generally
be allowed for ladies and in alternative special conditions. A nominal process
fee of 125th of quantity of loan taken is mostly charged by banks.
Documents needed for
Approval of Land Purchase Loans:
•
Businessman/ Self utilized professional:
•
Application kind with photograph
•
Educational qualification
•
Identity and residence proof
•
Proof of business existence with business
profile and last 3 years taxation come back
•
Last three years statement and record.
•
Last three month's personal and business bank
statements.
•
Processing fee check
•
Salaried customers:
•
Application kind with photograph
•
Identity and Residence proof
•
Latest regular payment slip
•
Form16
•
Last 6 months bank's statement
•
Processing fee cheque.
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