CITI Bank Home Loan

Features
• Attractive Home Loan Rates
• Loan up to Rs. 5 Crore
• Flexible repayment tenure up to 25 years
• Loans up to 89% of the property value
• Flexibility to pay interest only during construction period

Home Loans available for
• Purchase of Ready Property
• Self-Construction
• Purchase of Plot and Self-construction
• Transfer of your existing Loan availed from other institutions

What is the age requirement for availing Home Loans?

• The main applicant has to be 23 years of age and coapplicant should be 21 years of age when the home      loan is sanctioned
• Maximum age on loan maturity should not exceed 65 years

Co-borrowers to the loan can be
• All property owners
• All income considered borrowers
• In case of partnership firm – the key partner
• In case of companies – all shareholders holding 76% shares of the company. 

Documents required for Salaried Individuals

• Salary slip not older than 60 days
• Bank statements for last 3 months not older than 90 days
• Work experience proof (required for 2 years)
• Photograph for all individuals
• Date of birth proof for all individuals
• Signature verification proof for all individuals
• Residence address proof for all individuals
• Business address proof for all self-employed customers

Documents Required for Self-Employed

Income Tax Return
• Computation of income for tax purposes
• Financials (Balance Sheet / Profit and Loss Account along with all Schedules)
- Attested by Chartered Accountant
• Bank statements for last 3 months not older than 30 days
• Business continuity proof for 3 years
• Photograph for all individuals
• Date of birth proof for all individuals
• Identification proof for all borrowers
• Signature verification proof for all individuals
• Residence address proof for all individuals
• Business address proof for all self-employed customers

Companies
• Memorandum & Articles of Association
• Certificate of Incorporation
• CA certificate for list of directors and list of shareholders along with shareholding pattern

Partnership Firm
• Latest partnership deed
• CA certificate for list of partners along with profit sharing ratio
Property Documents
• Photocopies of title deeds, agreement to sell, encumbrance certificate
• Approved plans and clearance certificates from authorities
• Allotment letters and / or by-laws of the co-operative society / Association of apartment owners.