Indian Bank Home Loan for Salaried Person

Indian Bank Home Loan for Salaried Person – Highlights

Listed below are the key parameters of the Indian Bank Home Loan for salaried individuals:

Indian Bank Home Loan for Salaried Person – Fees and Charges

Let’s have a look at the Fees and Charges applicable to the Indian Bank Home Loan for salaried persons:

Indian Bank Home Loan for Salaried Person – Documents Required

For salaried individuals applying for a home loan from Indian Bank, the required documents include:

• A fully completed and signed home loan application form.
  
• Recent passport-size photographs of the applicant and any co-applicants.
  
• Government-issued identification, such as a PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
  
• Recent utility bills, Aadhaar Card, Passport, or any other government-issued document that verifies the applicant’s current address.
  
• The latest 3 months’ salary slips show deductions.
  
• Form 16 and/or Income Tax Returns (ITR) for the last two years.
  
• Personal bank statements for the last 6 months to verify the salary credits and financial behaviour.
  
• Legal documents related to the purchased property, including the sales deed, agreement to sell, NOC from the society/ builder, possession letter, land and construction-related documents, and approved plan/layout.

Indian Bank Home Loan for Salaried Person – Eligibility Criteria

Below are the documents needed to apply for the Indian Bank Home Loan for a salaried person:

• Applicants should be within the age range of 18 to 60 years at the time of loan maturity.
• The applicant should be a permanent employee of a company or government organisation.
• The applicant must be an Indian citizen.
  
• A good credit score is important for loan approval.
  
• Regular employees of the Central Government / State Government / Public Sector Undertakings /Government or Government Educational Institutions with a salary statement from the existing employer for at least the previous three months.
• Regular employees of MNCs/ Reputed Companies (Externally rated as BBB or above) with salary statements from the existing employer for at least the previous 3 months, subject to the condition that they have a total experience of a minimum of 2 years.