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• Sanctioning

(i) Document

1Passport size photograph.
2 Age verification: PAN card, Voters ID, Passport, License.
3 Bank statement for the last six months.
4 Income Documents e.g. Latest Form 16, Certified IT returns for latest 3 years.
5 Admin fee cheque.
6 Loan enclosure letter.

These are the documents required for sanctioning a loan. You may be asked to submit
further legal documents if required by the Bank or its approved lawyers.
Do retain photocopies of all documents being submitted by you.

• Disbursement

Your loan will be disbursed after you identify and select the property or home that you are purchasing and on your submission of the requisite legal documents.
While you may be under the impression that the list of documents asked for is rather
extensive, please note that it is for your own good. Each and every single document asked for will be verified and checked to ensure your safety.
This may take some time but we want to ensure a clear title and will complete all the legal and technical verifications to ensure that you have full rights to your home.
The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax
authorities (if applicable) is also needed.
On satisfactory completion of the above, on registration of the conveyance deed and on the investment of your own contribution, the loan amount (as warranted by the stage of
construction) will be disbursed by Bank.

The disbursement will be in favor of the builder/seller.

(i) List of documents for disbursement

Standard documents:
1. Loan Agreements
2. Disbursement Requests
3. Post-dated cheques
4. Personal guarantor's documents, as the case may be
Some documents are specific to each case.

• Repayment of Loan
(i) What is the repayment tenure?

  • Home Equity Loans - Maximum loan tenure of 15 years.
  • Office premise loan - Maximum loan tenure of 15 years.
  • Home loan - Maximum loan tenure of 30 years.
(ii) How is the loan repaid? All loan repayments are done via equated monthly instalments (EMI).
(iii) What is an EMI? An EMI refers to an equated monthly instalment. It is a fixed amount which you pay every month towards your loan. It       comprises of both, principal repayment and interest payment.
(iv) When does the repayment start?

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