Application for Home Loan

Branch.............................
Date .............................
APPLICANT CO-APP/
GUARANTOR
I/we hereby apply for the Home Loan of Rs ..................... for .......................................................
repayable in ……………….. months, details are given below.
(Please tick wherever applicable)
PERSONAL DETAILS
No. of dependents:..................... Relationship (Age)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
No. of dependents:..................... Relationship (Age)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
…………………. ……. (………)…………………. …....…. (….…)
Marital status: Single Married Marital status: Single Married
Status: Resident Indian NRI Status: Resident Indian NRI
Category: SC/ST OBC Others:…………………… Category: SC/ST OBC Others:……………………
Education: Matric UG Graduate PG
Professional
Education: Matric UG Graduate PG
Professional
Age:.........Years Date of Birth:
Sex F M
Age:.........Years Date of Birth:
Sex F M
Father/Spouse Name :
(both the name’s in block letters)
Father/Spouse Name :
(Both the name’s in block letters)
Applicant Name: Applicant Name:
APPLICANT CO-APPLICANT / GUARANTOR
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Passport size
Photograph
Passport size
Photograph
Address for communication:
Present:……………………………………………………….................
……………………………………………………….……….....................
……………………………………………………….……….....................
Pin:………………… Phone:………………………..
Mobile:………………….. E-mail:…………………………..
Permanent :……………………………………………………..............
……………………………………………………….……….....................
……………………………………………………….……….....................
Pin:………………… Phone:………………………..
Mobile:……………..........…….. Pan No:………………………..
E-mail:…………………………..
Address for communication:
Present: …………………………………………………….................
……………………………………………………….……….....................
……………………………………………………….……….....................
Pin:………………… Phone:………………………..
Mobile:………………….. E-mail:…………………………..
Permanent :……………………………………………………..............
……………………………………………………….……….....................
……………………………………………………….……….....................
Pin:………………… Phone:………………………..
Mobile:………………............….. Pan No:………………………….
E-mail:…………………………..
Present Accommodation: Own Rented
Family Company provided
If Rented, Monthly Rent Rs ……………………..
Present Accommodation: Own Rented
Family Company provided
If Rented, Monthly Rent Rs ……………………..
Have you /your spouse stood as guarantor: Yes No
If yes, give details:……………………………………………………………………………………………
Whether applicant is related to staff: Yes No
If yes, give details:……………………………………………………………………………………………
Occupation Details
Retired Housewife Prop/
Retired Housewife Partnership Prop/
Partnership
Pvt.Ltd Architect Agriculture Pvt.Ltd Architect Agriculture
GOVT/PSU CA Servicing GOVT/PSU CA Servicing
PSU Lawyer Trading PSU Lawyer Trading
MNC Doctor Manufacturing MNC Doctor Manufacturing
Others...... Self
Others........ Salaried Professional employed Self
Salaried Professional employed
APPLICANT CO-APPLICANT / GUARANTOR
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Employer's Details Employer's Details
IF SELF EMPLOYED
Business Name & Address: .....................................
.............................................................................
...................................................Pin......................
Phone No:……………………Fax:……………………..
Nature Of Business: …………………………………….
Year/’s in Current Business:………….Years
Declared Annual Income: Rs ………………
(ENCLOSE I T RETURNS OF 3 PREVIOUS ASSESSMENT YEARS)
IF SELF EMPLOYED
Business Name & Address: .....................................
.............................................................................
...................................................Pin......................
Phone No:……………………Fax:……………………..
Nature Of Business: …………………………………….
Year/’s in Current Business:………….Years
Declared Annual Income: Rs ………………
(ENCLOSE I T RETURNS OF 3 PREVIOUS ASSESSMENT YEARS)
EMPLOYMENT DETAILS
Designation:...............................Dept......................
Years in Present Job:………...................…..Years
Balance Term of Service: ……...................……… years
Monthly Gross Salary: Rs……………………….
Monthly Net Salary: Rs……………………….......................
(ATTACH PROOF FROM EMPLOYER)
Other Income: Source:……………:Rs …………..P M
EMPLOYMENT DETAILS
Designation:...............................Dept......................
Years in Present Job:………...................…..Years
Balance Term of Service: ……...................……… years
Monthly Gross Salary: Rs……………………….
Monthly Net Salary: Rs……………………….......................
(ATTACH PROOF FROM EMPLOYER)
Other Income: Source:……………:Rs …………..P M
Employers Name:…………………………………….
Off/Org.Address.......................................................
.............................................................................
........................................................Pin................
Phone :..................... Fax: ............................
Employers Name:…………………………………….
Off/Org.Address.......................................................
.............................................................................
........................................................Pin................
Phone :..................... Fax: ............................
Whether loan is required for payment of premium Yes No
If loan cover, then type of cover: Group Cover Individual cover
If yes, type of policy required Loan cover Term assurance
Whether loan is required for the insurance Yes No
Home Loan Insurance
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Your monthly expenditure: Rs…………..… Instalment you can pay: Rs …….......………
Take over from:…………….............…… If construction, likely date of completion:…….....……….
Renovation of flat/house Furnishing of flat/house
Purchase of flat/House being resold Extension of house/Additional construction
Construction of house Purchase of flat under construction
Purchase of plot Purchase of house
Loan Information - Purpose of the loan
Apart from monthly expenditure, any monthly repayment obligation to our bank or other banks /FI
Rs…….......……….
Whether holiday period required: Yes No If Yes: No of Months ............
Amount already spent
Source:………………………….
Savings
Others [specify]:
………………………………….
…………………………………
Loan requested from Indian bank
(including home loan insurance, if
any)
TOTAL
Cost of land
Cost of const./ extension/ Repairs
Registration Fee/Stamp Duty
Cost of amenities/ service charges
Cost of house/flat [if second sale ]
Home loan insurance
Other expenses [specify]:
……………………………………
TOTAL
Cost of Property Rs. Source of fund Rs.
Repayment
Select the mode of repayment convenient to you: (beside PDC)
Deduction of monthly instalment by your employer
Standing instruction to bank Other (specify) …………………………………….
Property Details
Survey no:………Door No:…………Plot No:…..……… Flat No:…….. Floor No:…….….. Block No:…..…..
Address:…………………………………………………………………………………………..……………………………………………………………
…………................................................…… Nearest Landmark:…………………………………….
Area of land / undivided share of land: ……………………sq. ft. Built up area: ……………..………….sq. ft
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Rights of ownership of Land: Free Hold Lease Hold
Status of ownership of property: Sole Joint
If joint, then name of the other owner: …………………………………………………………………
Do you propose to rent the dwelling unit: Yes No If Yes, Rent expected: Rs …………………p m
In case of existing building, then residual life: ………………years
Whether valuation of the property is done: Yes No If yes, Name of the valuer: ……………..……
Whether Legal opinion is obtained: Yes No If yes, Name of the advocate: …………..…
In case of purchase of Existing Flat / House
Year of construction:…………………………………… Age of flat / house:……………………………
Date of sale agreement: ………………………………. Valid upto: ……………………………
In case of Lease
Name of the lessor:……………………………… Name of the lessee:…………………………………….…
Term of lease:………………………………….. Date of expiry of lease:………………
Life Insurance Policy Details
Name of the
Ins. Company
Sum Assured & Year of Maturity
Surrender Value
Type of payment
M/Q/H/Y
Premium Amount
Policy No. Type
Credit Card Details
Name of the Bank Particulars
ATM CARD DETAILS
Card No. Bank Name and Address
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Additional details to be submitted in the case of take over from Other Bank/
Financial Institution (FI)
Previous Bank / Financial Institution (FI) details
Name & Address:………………………………………………………………………………. ...........................................
............................................................................................................................... ........
Loan amount sought for take over: Rs.................... Type of Interest Fixed Floating
Detail of insurance:……………………………………………………………………………Date of expiry: …………………
Sanction Details (COPY OF SANCTION TICKET TO BE ENCLOSED)
Date of Sanction Amount Availed Repayment Period Rate of Interest Present Balance Overdues
Note: (statement of earlier loan repayment schedule from the date of loan to be enclosed)
Whether any litigations against the borrowers initiated
by Financiers including banks Yes No (If Yes, please furnish the details separately)
Documents Submitted:
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. Agreement of Sale / 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 shall be arranged by
Bank at my / our cost).
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DECLARATION
I/We declare that all the particulars and information given in the application form are true, correct and
complete and that they shall form the basis of the contract for any loan Indian Bank (IB) decides to
grant to me/us. I/We further declare that nothing has been concealed by me/us, which would prejudice
or affect my right to apply for loan from the bank. I/We have no insolvency, proceedings against
me/us nor have I/We ever been adjudicated insolvent. I/We am/are aware that the Equated Monthly
Installment comprising of principal and interest is calculated on Discounted Monthly Rate of Interest on
monthly rest. I/We agree that Indian Bank may take up such references and make enquiry’s in respect
of this application, as it may deem necessary from my Banker and Employer or others. I/We undertake
to inform Indian Bank regarding any change in my/our occupation/employment and to provide any
further information that the bank may require. I/We undertake to abide strictly by all the terms and
condition stipulated by Indian Bank and any modification thereto made hereafter from time to time. All
the rules and regulation of Indian bank applicable to the aforesaid loan will be observed by me/us and
the instruction issued by the Bank from time to time will be adhered to by me/us.
I/We hereby apply for the loan @. …....……. % Fixed rate of interest / Floating rate of interest linked to
BR repayable in…………....…. Regular / Variable equated monthly installment’s (EMI) of Rs………………
Date: …………………
……………………………………… ….……….………………………………
Signature of the applicant Signature of the Co-applicant / Guarantor
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Letter to be obtained from the Builder on his Letter Pad
To
Indian Bank
……………………………….. Branch
Dear Sir
We confirm that we have agreed to sell a house/flat to Shri/Smt/Kum………………………………………..
Particulars of which are as under :
House/FLAT No:………………Block No:…………………..Floor No:………….Door No:………………..
For a total consideration of Rs:………………………..as per agreement dated a copy of which is enclosed.
a. Area of the flat……………………………. b. Rate: Rs……………………per sq. ft.
b. The buyer has to make payment as under:
Cost of land (undivided share) Rs. …………………………….
Cost of construction Rs. …………………………….
Total cost of flat Rs. …………………………….
1. We understand the Indian Bank will disburse the loan amount in installments, depending on the stage of
construction and submission of proof of utilization of earlier installments
2. We certify that
i We have obtained necessary permission/approval/sanction for construction of flats in the said building
from the competent authority, vide sanction No. ……………. dated………….of…………
ii The construction of the building and of the flat sold/agreed to be sold is carried out in accordance
with the approval vide sanction No. ……………….dated …………….of …………………………
iii We confirm that we have no objection whatsoever to Shri/Smt/Kum……………….........mortgaging the
house/flat to Indian bank as security for the amount advanced/to be advanced by the bank
iv The title of the said land and the building thereto is valid clear, marketable and free from all
encumbrances.
3. We enclose a sketch showing the pattern of the numbering of the block/building/Floor and the flats
4. We enclose the copy of the working drawing of the construction as AT SITE
5. We enclose Xerox copies of the Building approval and planning permit.
6. We enclose Xerox copies (Two) of the Approved Building Plan complete set including site plan and key plan with
the Applicant’s flat shared in red
7. We have not borrowed from any financial institution for purchase of land or construction of building and have
created or will not create any encumbrances on the house/flat allotted to him/her during the currency of the
loan sanctioned /to be sanctioned by the Bank to him/her.
.....................................................................
Signature of Builders/Representatives
Enclosure:
1. Sketch showing the pattern of numbering of flats 2. Working drawing
3. Site plan and Key plan 4. Building and Planning Permit (copy enclosed)
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