HOME LOAN FROM SUNDARAM

HOME LOAN?

A sum of money borrowed from a financial institution

or bank to purchase a house.Home loans consist of an
adjustable or fixed interest rate and payment terms.
The two most widely used types of home loans are
fixed-rate loans and adjustable-rate loans. A fixed-rate
loan keeps the same interest rate for the life of the
loan, which means that the principal and interest
portions of the monthly payment stay the same.
Adjustable-rate mortgages begin with a lower interest
rate for the first few years and then adjust to market
rates after the initial period is over.

BENEFITS
Home Loans up to Rs. 2,00,00,000
Home Loans for salaried , self employed and NRI.
Loan tenure around 20 years depending on eligibility.
Rate of Interests around 9.65% to 11.05%.
Nominal charge of 2% as fore closure charges.

DOCUMENTS REQUIRED FOR SALARIED

Employer's salary certificate in our format/salary slips

for the last 3 months.
PAN CARD and Identity card of applicant/s/passport
copy/Driving license.
Latest Form No.16 for last two years
Bank pass book where salary is credited for last six
months.
Copies of other bank accounts if any for last six months

SELF EMPLOYED

Latest 3 years years' income tax returns/assessment

orders and supporting computation of income
statements.
Latest 3 years audited balance sheet, P&L account,
annual reports etc.
Tax paid challans.
Form No.16A, if applicable.
Bank statement of firm/business for last 12 months