Home Loan
HOW DOES IT WORK?
To understand how a home loan works one needs to understand what a rest means. A rest is the interval at which the remainder of the loan amount is recalculated as you repay the loan. Financial institutions have various parameters surrounding the loan amount detailing the manner in which the loan is repaid. A “Rest” is nothing but the regular interval at which the loan amount balance is recalculated and also refers to the periodicity of compounding. This can be possible only in the case of reducing balance loan amounts. These regular intervals or Rests can be yearly, monthly or even daily.
DOCUMENTS REQUIRED FOR HOME LOAN
List of documents for Home Loan:
- Application form with photograph duly signed
- Identity, residence and age proof
- Last 6 months bank statements
- Last 3 months Salary-slips
- Processing fee cheque
- Form 16 / Income Tax Returns
- Proof of business existence
- Business profile
- Education qualification certificate and proof of business existence
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
- BUSINESS LOAN
- LOAN AGAINST HOME
- LOAN AGAINST PROPERTY
- PERSONAL LOAN
- LOAN CONSULTANT
- LOAN ADVISORY
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+91-7311111766
info@dakshlipiensfoundation.com