We can help you if you are looking for home loan/finance for your desired living space at Ratan Housing’s Projects through suitable home loans/finance facility from reputed banks. We are here to help with your home loan needs every step of the way – right from educating you about the types of home loans available and the formalities involved to securing a suitable loan for you.

You can call us at +91-9935556601, 9935556602 or E-mail us at office@ratanhousing.com, our executive will understand your need and will discuss to explain the right process and right approach. If required we can send the executives at your end.

Finance


Finance2

General Consideration

Various factors like income, age, educational qualification, current liabilities, total assets, spouse’s income and more are taken into consideration to determine the eligibility of a home loan applicant.

Eligibility
For Indian Residents
The general eligibility norms applicable for the Resident Indians include:

  • The loan applicant must be 21 years or older when the loan is approved
  • The loan applicant must terminate before/when the applicant turns 65 years or before retirement, or whichever is earlier
  • The loan applicant must have a regular source of income – employed or self-employed

Eligibility For NRIs

Though the eligibility criterion set for the NRIs is similar to that of resident Indians, more emphasis is given on the following when it comes to the appraisal of an NRI case.

Qualification – the NRI applicant has to be a graduate

  • Current and past job profile
  • Probability of continuing abroad for the loan tenure
  • Probability of servicing the loan with an extended tenure in case the NRI Applicant has to return to India
  • Should be employed abroad for at least 2 years

Documents Checklist:

  • For Resident Indians
  • A passport size photograph
  • PAN card
  • Voters ID
  • Passport or license for age-proof
  • Last six months’ bank statement
  • Salary certificate / Slip
  • Latest Form 16
  • Certified IT returns for the past 3 years
  • One cheque leaf for processing fee

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Documents Checklist For NRIs

  • Passport and visa copy
  • Photograph
  • Salary certificate / Slip
  • Work Permit / Job Contract
  • Personal Bank Statement for last 6 months (Overseas & NRE/NRO)
  • Processing fee cheque from NRE/NRO account
  • Power of Attorney (if the applicant is not in India, he/she can execute power of attorney in bank’s format)
  • Applicants from the UK or US need to produce credit repor
Feel Free to call us at:+91-9935556601, 9935556602 or E-mail us at office@ratanhousing.com