Sum New Victory


Home Loan

Photo of Me

People typically take a equity credit line for either shopping for a house/flat or a plot of land for construction of a house, or renovation, extension and repairs to the prevailing house. The property is encumbered to the investor as a security until the compensation of the loan.

START UP Rate of Interest (ROI): 6.7%

1. Purpose of Home Loan
  • Builder Purchase
  • Resale Purchase
  • Self-Construction
  • Balance Transfer (BT)
  • Purchase of Plot + Construction
  • Extension & Renovation of Home
  • Top Up Loan

  • 2. Special Features of Home Loan
  • NIL Pre-Payment and part Pre-Payment Charges
  • Home Loan withOverdraft Facility
  • Hassle free Documentation
  • Quick and Transparent Processing
  • No Hidden Charge
  • Balance Transfer along with TOP UP facility avaliable

  • Home Loan Eligibility

    Eligibility Criteria Requirement
    Age Minimum Age: 18 years and Maximum Age: 70 years
    Resident Type The applicant must be (any one):
  • Resident Indian
  • Non-Resident India (NRI)
  • Person of Indian Origin (PIO)
  • Employment The applicant can be (any one):
  • Salaried
  • Self-employed
  • Net Annual Income At least Rs.5-6 lakh depending on the type of employment
    Residence The applicant must have (any one):
  • A permanent residence
  • A rented residence where he/she has resided for at least a year prior to applying for a loan
  • Credit score A good credit score of at least 600 or more obtained from a recognised credit bureau

    Home Loan Documents Required

    Identity Proof (any one)
  • Driving License
  • PAN
  • Voter ID
  • Valid Passport
  • Residence Proof (any one)
  • Passport
  • Aadhaar Card
  • Driving License
  • Electricity Bill
  • Water Bill
  • Telephone Bill
  • Other Documents
  • Employer Identity Card
  • Duly filled loan application form affixed with 3 passport size photographs
  • Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions
  • Bank account statements for all the bank accounts owned by the applicant for the last six months

  • Income Proof Documents

    For Self-employed Applicant/Co-applicant:
  • Income Tax Returns for the last 3 years
  • Certificate of Qualification (for Doctors/CA and other professionals)
  • Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years
  • Business License Details
  • Business address proof
  • TDS Certificate
  • For Salaried Applicant/Co-applicant:
  • Salary Slips for the last three months
  • Copy of Form 16 or Income Tax Returns for the last two years