|Vikram Developers has tied up with the banks like:
HDFC, ICICI, Canara & LIC Financial to help home buyers. We understand that everyone's financing needs are unique. We are committed to providing you essential housing loan information.
|Getting a Home Loan is easier now...
|Q.1: Who can get a Home Loan & how much?
Ans. A person can get 90% of the total property cost (including stamp duty & registration) based on individual financial credentials.
If salary is between Rs. 9000 to Rs. 25000, one can get 50 times of it.
If salary is between Rs. 25000 & above, one can get 55 times of it.
Up to loan where the emi is equivalent 55% of the take home.
|Q. 2: How many days are required for the sanction of the Home Loan?
For salaried people, if the documents are ready, the loan can be sanctioned within 96 hours.
For self employed, it would be 7 days.
|Q.3: What documents required for getting a Home Loan?
Salry slip/ certificate
Form 16 A
6 Month's Bank Statement
Processing fee cheque.
|Q.4: What is the tenure for which the loan is available?
Ans. one can get a loan up to maximum period of 25 years.
|Q. 5: What are the steps involved in getting a Home Loan?
Submission of the application form along with relevant documents
Verification of the property and supporting documents
Sanction of the loan
Submission of the original documents relating to the concerned property & signing the loan agreement
Disbursal of the loan Amount.