Indian Bank Mortgage Loan

Indian Bank Mortgage Loan - http://www.loansandcredits.in/apply-indian-bank-mortgage-loan/
[vc_section 0="" css=".vc_custom_1518765868415background-color: #e7e7e7 !important;"][vc_row][vc_column][vc_column_text]

Apply Indian Bank Mortgage Loan

Apply Mortgage Loan :- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3155"][/vc_column][vc_column width="1/2"][vc_column_text 0=""]Apply Mortgage Loan Features

• Loan amount from Rs 3 Lakhs to Rs 1 Crore


• Convenient loan repayment option of 36 to 120 months


• Facility to top-up existing loans


• Best rate of interest 9.5% To 13.5%


• Retailers , Manufacturers , Traders , CA’s and Professionals Anyone can Apply


• Sole proprietorship firms , Partnership firms , Pvt. , Pvt. Ltd. , Doctors Anyone Can Apply

What is a mortgage loan?

• To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.

How to Get a Mortgage Loan Easily?

• When you apply for a mortgage loans advance in India, it is likely that you are an independently employed individual/contracted bookkeeper, specialist, legal advisor, working in a constrained/private restricted organization or an association/proprietorship firm. The most effortless route be that as it may, to apply for a business credit, is to go on the web and complete your activity in minutes.

What is mortgage loan EMI?

• The full type of EMI is Equated Monthly Installment. It is the aggregate total of cash payable to the moneylender consistently until the point when the credit has been completely returned. The EMI is figured on three fundamental criteria – credit sum, tenor and the rate of intrigue.

[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section 0=""][vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][/vc_section][vc_section 0="" css=".vc_custom_1518764373522background-color: #e7e7e7 !important;"][vc_row][vc_column][vc_column_text]

Loan EMI Calculator

[emicalc format="full"][/emicalc]

[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]

Eligibility

Salaried class:
* Permanent Employees of Central / State Govt. / Quasi Govt. Bodies / Public Limited Companies / reputed Private Limited Companies with clear record of paying timely salaries.
* Applicant should have minimum completed service of 3 years
* Employees of Indian Bank and other Banks (PSU / Private / Foreign / Co-op) are also eligible.
Others:
* Self employed / Professionals / Traders / Businessmen including HUF, Sole Proprietary concern, Firms and Limited companies are eligible based on their income level and cash flow.
* NRI customers are also included subject to the condition that the end use is for bankable purpose, as permitted by RBI.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]

Income Criteria

(i) Salaried Class:
Minimum monthly Gross Income of Rs.25000/-
Spouse income may be included for eligibility (regular & backed by income proof), in such cases Spouse shall join as Co-applicant.
Proof of income:
1. Latest Pay slip for last six months / Certificate from Employer
2. Latest Income Tax Form 16A / IT Returns / ITAO
3. Copy of Statement of account for a period of 6 months
(ii) P & SE, Other Individuals, Sole-proprietor & Other Business Class:
Minimum Annual Cash Profit (PAT + Depreciation) of Rs.3.00 lakhs OR Annual Taxable Income of Rs.3.00 lakhs based on latest ABS / ITAO.
Proof of Income:
1. Audited Balance Sheet for immediately preceding 3 years
2. Income Tax Returns for immediately preceding 3 years / ITAO[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]

Documents to be submitted for processing the application

1. Completed Application Form with passport size photograph.
2. Proof of Identity such as PAN Card / Voter’s ID/Passport/Driving License.
3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Voter’s ID.
4. Proof of business address in respect of businessmen / industrialists.
5. Proof of Employment.
6. Salary Certificate.
7. Proof of other income like rent, interest on investment, if any.
8. Balance Sheet for the past three financial years in the case of Professionals, Businessmen & Self employed.
9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years.
10. Sale Deed.
11. Approved Building Plan.
12. Title Deed Documents for 30 years.
13. Proof of title in the Revenue Records. (Legal Opinion from Advocate & Valuation of property from Engineer will be arranged by Bank at applicant’s cost).
Property (offered as security) to be insured at borrower’s cost with Bank clause against fire, flood, earthquake, riot and other risks, which are normally covered by insurance companies.[/vc_column_text][/vc_column][/vc_row][/vc_section]