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Home Loan Eligibility

Can I get my Shalimar Home financed?

Yes. All Mirchandani Group properties have clear titles. All Mirchandani Group projects are approved with most leading banks (HDFC, ICICI & SBI to name a few) and financial institution for availing home loans.

What is the maximum percentage of Loan that I can avail?

You can avail a home loan upto a maximum of 85% of the Agreement value plus stamp duty charges. However your loan amount may differ depending on your Annual Income and last three years tax returns. All Loans are disbursed at the sole discretion of the bank.

What is the term of the loan that banks offer?

The maximum term that banks and financial institutions offer home loans ranges from 10 to 20 years.

What are the documents required for availing a home loan?

Below is the list of documents that need to be submitted in order to obtain a home loan. All the documents must be self-attested prior to submission.

Basic Documents

Completed application form
Photograph of the applicant
Photo Identity Proof
Residence Address Proof
Signature Verification Proof
Age Proof
Fee Cheque

For Salaried applicants

Form 16
Repayment Track record of existing loans/Loan closure letter
Bank Statement for the last 6 months from Salary Account
Last 3 month’s Salary Slip

For Self Employed Applicants

An Introduction of Business / Profession
Photo Identity Proof, Residence Address Proof, Signature Verification Statement for all the main partners/directors of the Business
Repayment Track record of existing loans/Loan closure letter
Bank statement for the last 6 months from operating account
Last 2 years IT Returns / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss Account Statement certified by A Chartered Accountant.
Board Resolution in case of a company
Proof of existence of the company
Office Address Proof