#1
24th November 2016, 06:14 PM
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CSB Bank Home
Can you tell me about the eligibility requirement for Home Loan through Catholic Syrian Bank as I am planning to apply for it?
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#2
25th November 2016, 08:54 AM
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Re: CSB Bank Home
The Catholic Syrian Bank Home Loan is provided to individuals or group of individuals seeking loan for the purpose of repair, renovation, construction, extension or purchase of a house, flat or property. Eligibility of Catholic Syrian Bank Home Loan: • The home loan from CSB, referred to as ‘Own Your Dream House’ is available to both resident Indians and NRIs. • It is provided to individuals or group of individuals, if resident Indian and NRIs on regular income. • The age limit for CSB’s home loan is: • For resident Indians, Salaried – Until under Superannuation plan, Self-employed – 65 years. • For NRIs, Salaried – Until under Superannuation plan, Self-employed – 65 years. • Co-applicants can be any of the following members: mother, father, brother, son or spouse. Documents Required for CSB Home Loan: • For Indian Residents: Salaried applicants need to submit the following documents: • Most recent pay slip or salary certificate. • Most recently filed ITR (Income Tax Return) or Form 16 from one’s employer. • Bank statements from last six months. Self-Employed Applicants need to submit the following documents: • Most recent ITR. • Profit and loss balance sheet and financial for the last 3 years. • Bank statements from last six months. • For NRIs: NRI salaried applicants must present the following document to the bank: • Employment/salary certificate issued by the employer or embassy or the most recent salary slip. • Details of the international bank where salary gets credited. • Employment contract of applicant along with a copy of Passport having the Visa Stamp and entry/exit seal, a valid work permit and employer’s profile in brief. Self-employed NRI applicants must furnish the following documents to the CSB: • Income evidence stating the financials attested by sponsor. • Business profile in brief. • Operating international bank account details. • NRE Bank account statement for the period of last six months. • Other documents required for obtaining the CSB home loan are: • Property’s title deed, prior deeds and linked revenue and village records. • The sale agreement is an important document in case of loan for property. • For construction loan, estimate for construction, approved plan and building permit is also needed. |
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