APPLICATION FOR HOUSING LOAN

ANDHRA BANK
( A GOVERNMENT OF INDIA UNDERTAKING)
Photo of Photo of Photo of
Applicant 1 Applicant 2 Co-Obligant
___________________ Branch

FOR PURCHASE FOR CONSTRUCTION FOR REPAIRS FOR EXTENSION

REQUEST FOR LOAN
I / we request you to sanction a Housing Loan of Rs. ______________ (Rupees ___________________________
___________________ in words) for construction / purchase of house / flat at _________________ place. I / We
am / are hereunder furnishing the details

Signature of the Applicants Signature of the Applicants

BIO-DATA – FIRST APPLICANT BIO-DATA – SECOND APPLICANT

Name : Name :

S/W/o : S/W/o :

Date of Birth : Sex : Male / Female Date of Birth : Sex : Male / Female

Marital Status : Married / Single Marital Status : Married / Single

Present Address Permanent Address Present Address Permanent Address

PAN No. IT Ward : PAN No. IT Ward :

Passport No. : PP date of issue Passport No. : PP date of issue
Exp. Date : Exp. Date :

Driving License No. & Driving License No. &

Place of issue Place of Issue

Car No. : Credit Card No. : Car No. : Credit Card No. :
Bank Bank

EMPLOYMENT PARTICULARS EMPLOYMENT PARTICULARS

Name of the Name of the
Employer Employer

Full address Full address

Designation Designation

Date of Joining the Date of Joining the

Service Service

Age of retirement Age of retirement &

& Leftover Service Leftover Service

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Transferability Transferable Not Transferable Transferability Transferable Not Transferable

SOURCES OF INCOME : SOURCES OF INCOME :

I. Salary Particulars (enclose pay slip) I. Salary Particulars (enclose pay slip)
Gross Salary Rs. Gross Salary Rs.
Net Salary Rs. Net Salary Rs.
Rental Income Rs. Rental Income Rs.
Buss. Income Rs. Buss. Income Rs.
Other Income Rs. Other Income Rs.
Investments Rs. Investments Rs.

II. INCOME FROM OTHER SOURCES : II. INCOME FROM OTHER SOURCES :
Source Income per Annum Source Income per Annum

BIO-DATE OF CO-OBLIGANT

Name : EMPLOYMENT PARTICULARS

S/W/o :
Name of the
Date of Birth : Sex : Male / Female Employer
Marital Status : Married / Single
Full Address
Present Address Permanent Address
Designation

Date of Joining the

Email : Email : Service
Pan No. IT Ward :
Passport No. : PP date of issue Age of retirement &
Exp. Date : Leftover Service
Driving License No. & Transferability Transferable
Place of Issue Not Transferable
Car No. : Credit Card No. :
Bank :
SOURCES OF INCOME :
I. Salary Particulars (enclose pay slip) II. INCOME FROM OTHER SOURCES :
Gross Salary Rs. Source Income per Annum
Net Salary Rs.
Rental Income Rs.
Buss. Income Rs.
Other Income Rs.
Investments Rs.

I hereby give consent to stand as the Co-obligant / Guarantor for the loan applied by Mr. _________________
_____________________________ (applicants).

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Signature of the Guarantor / Co-obligant Date :

PARTICULARS OF HOUSE / FLAT : II. FOR PURCHASING FLAT :

i) OUT-RIGHT PURCHASE Name of the Builder :

Name of the Owner :

Location : Door No. :

Location : Door No. : Street :

Street : City / Town :

Land Marks : PIN Code :

City / Town : Agreement is for purchasing a flat of ……………… Sq.ft.

with car parking area admeasuring ………….. Sq.ft. in
PIN Code : the cellar / ground floor and the Agreement entered on :
…………………………. For Rs. …………………….
PARTICULARS OF TITLE :
TITLE & DOCUMENTS
The owner has inherited from ancestors / constructed
purchased. He is in possession of the Building for the Title is clear :  Yes  No
last …………………………… years. He is in possession
of registered documents, including link documents. Original Documents are available with the builder :

PLAN & OTHER APPROVALS :  Yes  No

The plan is approved by competent authority : Ling documents are available :  Yes  No
 Yes  No

Construction is as per approved plan :

 Yes  No PLAN AND PERMISSIONS :

Deviations, if any. Have necessary clearances Plan is approved by competent authority : Yes  No

ENCUMBRANCES : Permission is for : Cellar + Ground + _______ floors.

 There are no dues towards municipal taxes etc. Flat is located in : ____________ floor.

 There are no encumbrances over the property.

 The property is mortgaged to …………………….. and TIME & RATE :

an amount of Rs. …………………….. is outstanding.
Time for construction of flat :
AGE OF THE HOUSE :
Probable date of handing over the flat :
The house is of ……………… years old.
Rate per Sq.ft. __________ Ares of the Falt :
Engineers certificate enclosed :  Yes  No
Total cost of the flat : Rs.
Agreement of Sale entered on : ……………………….
For a consideration of Rs. …………………………. And

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the agreement is valid till ……………………. .

III) FOR CONSTRUCTION HOUSE DECLARATION :

Location : Door No. : I / We hereby declare that all the particulars and
Street : information given in this application are true,
Land Marks : correct and compete and that they shall form the
City / Town : basis of any loan the bank may decide to grant me
PIN Code : / us.

PARTICULARS OF TITLE :
I further agree that the loan shall be governed by
I am the owner of the said plot and I have purchased the plot the rules of the Bank, which may be in force from
from Mr _________________________ in the year
time to time. I agree to invest my share first and
__________ under a registered sale deed dated
____________ for a consideration of Rs. ________________ start construction. I will complete the construction
within one year of availing the loan. If there is any
ENCUMBRANCES :
price escalation it will be met from my own
 There are no dues towards municipal taxes etc. sources.
 There are no encumbrances over the property.

 The property is mortgaged to …………………….. and an

amount of Rs. …………………….. is outstanding.
Signature of the applicant
PLAN & OTHER APPROVALS :
The plan is approved by competent authority : Yes  No
Place :
Date of approval : ___________ and valid upto ___________
Date :
Necessary approvals obtained from :
i) State Electricity Board : Yes  No
ii) Water Board : Yes  No

ESTIMATED COST OF CONSTRUCTION :

Estimated cost
Cost of Construction Rs. _________ per Sq.ft.

SOURCES OF FUNDS FOR CONSTRUCTION/PURCHASE

1. OWN FUNDS :
a. Savings :
b. ALREADY SPENT :
2. LOANS FUNDS :
a. FRIENDS :
b. EMPLOYER :
3. FUNDS FROM OTHER SOURCES :
(Please specify the source)
4. LOAN FROM BANK :
___________________________
___________________________

REPAYMENT :

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 I PROPOSED TO REPAY THE LOAN AT Rs. ________ P.M.
IN _______ NUMBER OF EQUATED MONTHLY
INSTALMENTS.
PARTICULARS OF FIRST APPLICANT

FAMILY PARTICULARS

Age & Details of Bank Accounts

Date of Address & Phone Annual PAN
Name Relation
Birth Number Income Number
-ship Bank Branch Savings

Particulars of Bank

Name of the Bank Address of the Branch with Phone No. Type of A/c. Account No.

Particulars of fixed assets of the borrower

NAME OF THE LOCATION WITH

DESCRIPTION ENCUMBRANCES PRESENT VALUE
OWNER DOOR/SURVEY NOS.

Particulars of liquid assets

NAME OF THE VALUE OF THE MATURITY VALUE &

NATURE OF ASSET ENCUMBRANCES
OWNER ASSET DATE

Signature :

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 Date :

PARTICULARS OF SECOND APPLICANT

FAMILY PARTICULARS

Age & Details of Bank Accounts

Date of Address & Phone Annual PAN
Name Relation
Birth Number Income Number
-ship Bank Branch Savings

Particulars of Bank

Name of the Bank Address of the Branch with Phone No. Type of A/c. Account No.

Particulars of fixed assets of the borrower

NAME OF THE LOCATION WITH

DESCRIPTION ENCUMBRANCES PRESENT VALUE
OWNER DOOR/SURVEY NOS.

Particulars of liquid assets

NAME OF THE VALUE OF THE MATURITY VALUE &

NATURE OF ASSET ENCUMBRANCES
OWNER ASSET DATE

Signature :

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 Date :

PARTICULARS OF CO-OBLIGANT

FAMILY PARTICULARS

Age & Details of Bank Accounts

Date of Address & Phone Annual PAN
Name Relation
Birth Number Income Number
-ship Bank Branch Savings

Particulars of Bank

Name of the Bank Address of the Branch with Phone No. Type of A/c. Account No.

Particulars of fixed assets of the borrower

NAME OF THE LOCATION WITH

DESCRIPTION ENCUMBRANCES PRESENT VALUE
OWNER DOOR/SURVEY NOS.

Particulars of liquid assets

NAME OF THE VALUE OF THE MATURITY VALUE &

NATURE OF ASSET ENCUMBRANCES
OWNER ASSET DATE

Signature :

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 Date :

FOR OFFICE USE ONLY

PROCESSING NOTE FOR HOUSING LOAN

SUBJECT: PROPOSAL FOR SANCTION OF HOUSING LOAN

OFFICE NOTE No. DATE:

DATE OF RECEIPT OF THE APPLICATION:

I have visited the site on _______________. It is with in the Municipal Limits. The information furnished in the
application has been verified. We submit the following information in this connection.

1. Name of the Applicant – 1

Age

Worth as on

Basis source for arriving worth

Present Residential Address

Occupation

Banking with us since

2. OCCUPATION PARTICULARS

Name of the Organization

Designation

Employed Since

Left over Service

Office Address

3. INCOME DETAILS

From Salary

From Business

From Agriculture

Other Income, if any

Total Income

Nature of proof submitted

Full particulars of immovable
properties, if any

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4. FULL PARTICULARS OF THE APPLICANT – 2

Name

Age

Worth as on

Basis / source for arriving at worth

Present Residential Address

Permanent Residential Address

OCCUPATION PARTICULARS

Name of the Organization

Designation

Employed Since

Left over Service

INCOME DETAILS

From Salary

From Business

From Agriculture

Other income, if any

Total Income

Nature of proof submitted

Full particulars of immovable properties, if any

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 FULL PARTICULARS OF THE
4.B
COOBLIGANT / GUARANTOR

Name

Age

Worth as on

Basis / source for arriving at worth

Present Residential Address

Permanent Residential Address

OCCUPATIONAL PARTICULARS

Name of the Organization

Designation

Employed Since

Left over Service

Office Address

INCOME DETAILS

From Salary

From Agriculture

Other Income, if any

Total Income

Nature of proof submitted

Full particulars of immovable
properties, if any

FAMILY BACKGROUND OF THE APPLICANT (Members living with the applicant)

Name Relationship Age Occupation Annual Income

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DETAILS OF TITLE OF SITE / HOUSE

Place of construction Rural / Semi-Urban / Urban / Metro

Location address of the site

Verified the original title deeds/agreement to sale

Are the title deeds acceptable, as per legal opinion

Availability of link documents

Whether legal opinion obtained from approved lawyer Clear & marketable  Qualified title 

Plan approved
By

ON VALID UPTO :

Year of construction, in case of out-right purchase

Encumbrance Certificate (EC) obtained From : To

Availability of facilities : Electricity

Drinking Water

Drainage

Roads

Area of the site

Built up area of the House

Estimates prepared by engineer submitted YES NO

Estimated cost of construction

(Cost of flat as per the agreement to sale)

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Cost of construction is reasonable and in accordance
with the local prevailing rates.

Total cost of construction of building/flat/construction

Cost of Site : Market Value

Original Cost

Loan applied for

Maximum loan eligible

Margin to be met by the applicant

Can the applicant meet the margin and complete the

construction within 12 months

Income of the applicant from all sources per month

Repayment period

Equated Monthly Installment recommended

Net monthly income before installment

% of monthly installment to monthly income

Primary security

Guarantor / Co-obligant

Additional securities offered, if any,

Past dealings with the branch

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CALCULATION OF ELIGIBLE LOAN AMOUNT

Estimated Cost of construction / purchase (A)

75% of estimated cost of construction

Expected rent per month

SALARIED PERSONS AGRICULTURALIST

Annual income as per

certificate issued by
Gross monthly income Competent Revenue (B)
Authority, supported by
evidence of land holdings)

12 times of 50% expected

50% of expected rent (C)
monthly rent

Total monthly income (B) Total annual income (B+C) (E)

Three times annual income

36 times of total monthly income (C) (F)
(3 x E)

ELIGIBLE LOAN AMOUNT ELIGIBLE LOAN AMOUNT

(D)
(Lower of A & C) (Lower of A & F)

Computation of 30% of Salary BUSINESS & SELF EMPLOYED

30% of salary as per latest salary
st
certificate Income for the last THREE 1 Year
years as per IT returns /
Add assessment orders / 2nd Year
auditor certificates
rd
(i) Income Tax deduction as per salary 3 Year
certificate OR eligible exemption which
ever is lower. Total

Average (B)

(ii) installment of the loans availed by the 12 times of 50% expected

(C)
applicant which will be fully repaid during monthly rent
the construction period / Purchase of
house / flat
Total annual income (B+C) (D)
PROOF TO BE KEPT ON RECORD
THREE times annual
(E)
income

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 ELIGIBLE LOAN AMOUNT
(D)
(Lower of A & E)

Considering the above facts we may consider sanction of housing loan as detailed hereunder :

Facility Housing Loan

Purpose For construction of house  Purchase of house  Purchase of flat 

Limit

Margin

Rate of Interest PTLR + _______ % = _______% (PTLR = ________________ %)

Repayment Repayable in _________ equatedmonthly installments of Rs. ______________

Gestation period / Construction
________________ Monthly
period
Co-obligant / Guarantor

Primary Security

RECOMMENDATIONS

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