A) For Employed

1) Verification of Employment Form.
2) Latest Salary Slip/ Certificate showing all deductions.
3) For transferable job Permanent Address whose correspondence relating to the application can be mailed.
4) A letter from employer agreeing to deduct the monthly Installment towards repayment of the loan from your salary.


B) For Self- Employed

1) Balance Sheets and Profit & Loss Accounts of the Business or profession along with copies of Individual Income Tax Returns for the last three years certified by a Chartered Accountant.
2) A note giving information on the nature of business or Profession, form of organization, clients supplier etc.

Rate of interest is effective from 1st Oct, 2004

 
EMI for a Loan of Rs. 1 Lac
Terms of Loan
RATE OF INTEREST
Years
7.50*
8.50**
5
2,004
2,100
10
1,187
1,381
15
927
1044
20
821
932
  *Flexible
** Fixed

The above conditions are only indicative and final conditions will be laid out by the financial institutions during sanctioning of loans.