Duly filled in application form along with 3 recent passports sized photographs
Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
Identity Card of Employer
Proof of Income: Recent 3 months salary slip or Salary Certificate from the currently employed organization.
For Business Owners/ Self-Employed Persons: IT Returns, Profit & Loss Account, Audited Balance Sheets, Assessment orders, advance tax challans (for both company as well as firm and personal account) for the previous three years.
Get loans at competitive interest rates
Simplified application form for easing out both applicants as well as approval procedure
Loans can be availed for a range of purpose which includes home renovation, education, wedding, medical expenses and so on.
The applicant should be any one of the following to secure the home loan from Bank of India – Salaried Individual, Self-employed personal, professionals, Non-Resident Indians, Hindu Undivided Family, Proprietor Firm, Persons of Indian Origin, Partnership firms and Corporate
The minimum age of the applicant should be 21 years
The applicant should have a regular source of income to secure the loan
The maximum amount of loan availed under this scheme is Rs 10 lakhs
The applicants can avail 10 times of monthly net take home pay.
The processing fee is 2.00% of the loan amount
Stamp charges for documents will be levied on the borrowers