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Home loans |
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Loan Amount
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A number of factors are taken into account when assessing your repayment capacity. Your income, age, number of dependants, qualifications, assets and liabilities, stability/ continuity of your employment / business are some of them.
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However, there are ways by which you can enhance your eligibility.
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If your spouse is earning, put him/her as a co-applicant. The additional income shall be included to enhance your loan amount. Incidentally, if there are any co-owners they must necessarily be co-applicants.
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Providing additional security like bonds, fixed deposits and LIC policies may also help to enhance eligibility
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| LIST OF DOCUMENTS REQUIRED FOR SANCTION |
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Bank statement for the last six months |
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Last three months salary slip |
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Latest years Form 16 and IT returns |
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Age, Address, ID and signature proof |
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Passport size photographs. |
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Processing Fee Cheque from the salary account. |
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| Bank / HFC |
0-5 years |
6-10 years |
Over 10 years |
| SYNDICATE BANK |
| Floating |
7.25 |
7.75 |
8.00 |
| Fixed |
8.00 |
8.50 |
8.75 |
| VIJAYA BANK |
| Floating |
7.00 |
7.50 |
7.75 |
| Fixed |
7.00 |
8.00 |
8.25 |
| CORP BANK |
| Floating |
7.70 |
8.00 |
8.50 |
| Fixed |
8.00 |
8.25 |
8.50 |
| SBI |
| Floating |
7.50 |
8.00 |
8.25 |
| Fixed |
8.00 |
8.50 |
8.75 |
| CANARA BANK |
| Floating |
7.50 |
8.00 |
8.00 |
| Fixed |
7.00 |
9.00 |
9.25 |
| SBM |
| Floating |
7.50 |
8.00 |
8.25 |
| Fixed |
7.75 |
8.25 |
8.50 |
| IDBI |
| Floating |
7.50 |
8.00 |
8.25 |
| Fixed |
9.25 |
9.25 |
9.25 |
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