Indian Overseas Bank
…………………Branch

APPLICATION FOR TERM LOAN FOR REPAIR / RENOVATION / UPGRADATION OF HOUSE / FLAT "HOME IMPROVEMENT SCHEME" (HIS)

I hereby apply for a term loan of Rs…………….. repayble in ………….. monthly instalments for the purpose of REPAIR / RENOVATION / UPGRADATION of House / Flat. I confirm having read the terms and conditions of the above scheme and agree to abide by the same. I give below the particulars about me which are true and correct and I have not withheld any information that may be vital for the sanction of the loan applied for by me.
First Name / Middle Name / Last Name
1. Name of the applicant : ………………………………………………………………………………………
2. Age : ………………Years Date of Birth…………………….
3. If married number of children & other dependants: …………………………………..
4. Residential address: Present address Permanent address
……………………………………………………………………………………………..
……………………………………………………………………………………………..
……………………………………………………………………………………………..
5. Phone Number :………………………………… E-mail ID: …………………………………………………
6. Passport Number: ……………………… I.T. PAN : ………………….. Voters ID No.:…………………….
7. Employment Particulars:
Name of Employer: ……………………………………………. Designation…………………………..
Date of Joining:…………………Date of retirement…………….Whether confirmed in service:……………
Office address:………………………………………………………………………………………………….
8. Salary Particulars: Gross Salary: Rs……………… Deductions: Rs……………..Net Salary: Rs…………….
(Salary certificate from employer is to be attached)
9. Any other income (proof to be attached): Rs.………………
10. If the applicant is a professional / in trade / business:
Line of activity:……………………………….. Period in activity:………..…………Years
Passport size
Photo of
applicant
11. Details of present assets and liabilities (assets such as Insurance policies, NSC immovable property etc &
borrowings from banks and others: Details of assets
Nature of asset Location/details Market value Whether encumbered
Details of liabilities:
Borrowed from Purpose of loan Amount of loan Present outstanding
12. Details of Guarantees given: To whom given:……………………………………………………………….
Name of the Principal debtor:…………………………………… Amount of Guarantee: Rs……………….
13. Details of property to be Repaired / Renovated / Upgraded:
Location and address:
Survey Number:……………………….. Plot/Door number: ……………………………
Street name: ………………………………… Village: …………………….. Taluk: ……………………….
District: …………………………………… State:…………………………… PINCode: ………………….
Total area of the plot: ………………Built in area: ……………..Plinth area in the case of flat:……………
Age of the house / flat:……………………. years
14. Whether plan for alteration has been approved / sanctioned by appropriate authority:
(copy of approved plan to be enclosed)
15. Whether the property / plot is free of any encumbrance:
(legal opinion from Bank approved lawyer is to be obtained before sanction of loan)
16. Details of property to be mortgaged: (if it is other than the property repaired/renovated/upgraded)
Survey number: …………… Plot area: ……………. Built in area: ………….. Market value: Rs.………….
Address: ………………………………………………………………………………………………………..
(legal opinion and valuation certificate from Bank approved lawyer /engineer to be obtained)
17. How the cost is going to be met:
Total estimated cost of repair/renovation/upgradation: Rs. …………………
(estimate /valuation report from Bank approved engineer to be obtained)
Margin money to be brought in by applicant: Rs. ……………….
(Source of margin money with proof to be indicated)
Loan amount required: Rs…………………….. Repayment period required:…………………………
Signature of the applicant
Place:
Date: