One of the leading bank Barclays has also come up with the Home loan product with its distinguished features offering home loans for various purposes.
Barclays provides home loans for purchasing a ready built flats/houses, constructing a home, refinancing existing loans, residential plot with lesser interest rates & hassle free documentation.
The best way to shape up the house of your own dream is a Home loan. Home Loan in India has now become easier. Also now a days, enticing advertisements & easy installment plans pulls you to avail a loan. You can acquire a house of your own with the help of different banks & housing finance companies. Banks & Housing Finance gives end to end solutions under one roof. The burdensome process of getting a home loan has been simplified & effortlessly you can get it approved for yourself.
Barclays Bank is also one of the leading bank which provide Home loans in India with its attractive features & benefits.
Barclays Bank is a PLC (Public Limited Company). It has a subsidiary called Barclays Investments & Loans (India) Ltd. And the trade name given to Barclays bank subsidiary is Barclays Finance.
Barclays Bank offer Home loans for various purposes:
1. Construction of home
Any individual wants to construct a home can apply individually or jointly for Barclays Finance Home loan.
2. Purchasing a ready built house/flat
Barclays bank also provide housing loan to purchase a prepared flats or built houses.
3. Residential plot
For your dream house you can avail a loan to purchase a plot.
4. Refinancing existing loans availed from other housing finance companies
Barclays bank also facilitates to refinance your existing loan running from other banks or housing finance companies.
Features & Benefits:
Attractive Home loan rates of interest.
Fixed & Floating home loan rates options are available.
Hassle free documentation.
Tenure up to 25 years.
Barclays bank funds up to 80% of the property value.
Balance transfer with Top Up facility.
End to End solutions under one roof.
10 days sanction period.
Personalized Doorstep Services.
Wednesday, April 15, 2009
Barclays Bank Home Loans India Vol2
Eligibility Criteria fo Home Loan:
Following are eligible to apply for Barclays Home Loan:
Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies
Self Employed Professionals include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects and Company Secretaries.
Self Employed Individuals include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
NRIs include Non Resident Indians.
Salaried:
Minimum gross income of applicant: Rs.18,000/- per month
Minimum age of applicant: 23 years
Maximum age of applicant: 58 years
Self-Employed:
Minimum ITR of applicant: Rs. 2,00,000/-
Minimum age of applicant: 23 years
Maximum age of applicant: 52 years
Income available for making EMI’s
Salaried: 60% of gross monthly salary is considered.
Self-Employed: 65% of net profit is considered.
Documentation For Home Loan:
For Sanction Process
1.Identity Proof:
Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification.
2. Age Proof:
PAN Card/ Passport/ Driving School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof).
3. Adress Proof: Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/Driving license/ Election ID/Photo-credit card (with last two month statements)
4. Income Proof:
1. Form 16 for the financial year 2008 (with company seal or digital signature)
2. Original hard copy of latest 3 months pay slips with company seal or logo (Soft copy can be submitted initially for processing of the application)
3. Copy of the latest CTC
4. If the current service is less than 2 years, relieving letter of previous company and latest appointment letter
5. Banking History:
Original hard copy of latest 6 months bank statement.
For Disbursement Process
List of documents for fresh property
1. Property legal Documents.
2. Technical Valuation of property [Bank use only]
3.Original Agreement with Index II & Registration Receipt.
4. Own Contribution Receipts with bank reflections.
5. NOC Letter [from builder]
6.Demand Letter [from builder]
7.OCR Paid Bank Reflection.
Following are eligible to apply for Barclays Home Loan:
Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies
Self Employed Professionals include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects and Company Secretaries.
Self Employed Individuals include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
NRIs include Non Resident Indians.
Salaried:
Minimum gross income of applicant: Rs.18,000/- per month
Minimum age of applicant: 23 years
Maximum age of applicant: 58 years
Self-Employed:
Minimum ITR of applicant: Rs. 2,00,000/-
Minimum age of applicant: 23 years
Maximum age of applicant: 52 years
Income available for making EMI’s
Salaried: 60% of gross monthly salary is considered.
Self-Employed: 65% of net profit is considered.
Documentation For Home Loan:
For Sanction Process
1.Identity Proof:
Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification.
2. Age Proof:
PAN Card/ Passport/ Driving School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof).
3. Adress Proof: Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/Driving license/ Election ID/Photo-credit card (with last two month statements)
4. Income Proof:
1. Form 16 for the financial year 2008 (with company seal or digital signature)
2. Original hard copy of latest 3 months pay slips with company seal or logo (Soft copy can be submitted initially for processing of the application)
3. Copy of the latest CTC
4. If the current service is less than 2 years, relieving letter of previous company and latest appointment letter
5. Banking History:
Original hard copy of latest 6 months bank statement.
For Disbursement Process
List of documents for fresh property
1. Property legal Documents.
2. Technical Valuation of property [Bank use only]
3.Original Agreement with Index II & Registration Receipt.
4. Own Contribution Receipts with bank reflections.
5. NOC Letter [from builder]
6.Demand Letter [from builder]
7.OCR Paid Bank Reflection.
Barclays Bank Home Loans India Vol3
List of documents for APF projects
1. Draft copy of flat booking agreement
2. Development Agreement between landowner and builder
3. Power of Attorney executed by the landowner in favour of the developer.
4. NA Order
5. ULC 8 (4) order or Sec 20 exemption order
6. Property Extract / 7/12 Extract in the name of the landowner
7. Detailed Title Report / Search report of Builders Advocate
8. Commencement certificate by the concerned authority ( PMC / PCMC )
9. Certified Sanctioned Plan copy
10. Mutation entries
11. Partnership deed if any
12. C F Declaration
13. Public Notice and no objection certificate of the advocate
14. NOC from builder
15. Authority letter to sign on behalf builder
16. Deed of Declaration on builder
List of documents for NRI Loan Sanction
1. One latest photograph ( SELF & CO-APPLICANT).
2. Identity Proof (pan card or passport).
3. Address Proof of Abroad [On Company Letter head]
4. Visa Stamped Passport(Xerox)
5. Appointment Letter and Latest Contract Letter(if any).
6. Work Permit.
7. 3 Months salary slip.
8. TAX returns of UK/US.
9. Bank Statement of last six month for NRE and NRO Account showing 6 salary credits .
10.Power Of Attorney Duly Executed with Indian Embassy(IN CASE U ARE STAYING PRESENTLY IN UK otherwise kindly provide the notarized copy)
11.Email confirmation from your HR department regarding your job confirmation on Company Profile.
12.Degree Certificate.
13.One Processing Fees Cheque.
List of Documents for Resale Property
1. Draft Copy of “Agreement To Sale”.
2. Draft Copy of “Deed of Assignment”.
3. 7/12 Extract
4. N.A. Order
5. ULC Order
6. Society Registration Certificate.
7. Commencement Certificate.
8. Completion Certificate.
1. Draft copy of flat booking agreement
2. Development Agreement between landowner and builder
3. Power of Attorney executed by the landowner in favour of the developer.
4. NA Order
5. ULC 8 (4) order or Sec 20 exemption order
6. Property Extract / 7/12 Extract in the name of the landowner
7. Detailed Title Report / Search report of Builders Advocate
8. Commencement certificate by the concerned authority ( PMC / PCMC )
9. Certified Sanctioned Plan copy
10. Mutation entries
11. Partnership deed if any
12. C F Declaration
13. Public Notice and no objection certificate of the advocate
14. NOC from builder
15. Authority letter to sign on behalf builder
16. Deed of Declaration on builder
List of documents for NRI Loan Sanction
1. One latest photograph ( SELF & CO-APPLICANT).
2. Identity Proof (pan card or passport).
3. Address Proof of Abroad [On Company Letter head]
4. Visa Stamped Passport(Xerox)
5. Appointment Letter and Latest Contract Letter(if any).
6. Work Permit.
7. 3 Months salary slip.
8. TAX returns of UK/US.
9. Bank Statement of last six month for NRE and NRO Account showing 6 salary credits .
10.Power Of Attorney Duly Executed with Indian Embassy(IN CASE U ARE STAYING PRESENTLY IN UK otherwise kindly provide the notarized copy)
11.Email confirmation from your HR department regarding your job confirmation on Company Profile.
12.Degree Certificate.
13.One Processing Fees Cheque.
List of Documents for Resale Property
1. Draft Copy of “Agreement To Sale”.
2. Draft Copy of “Deed of Assignment”.
3. 7/12 Extract
4. N.A. Order
5. ULC Order
6. Society Registration Certificate.
7. Commencement Certificate.
8. Completion Certificate.
Barclays Bank Home Loans India Vol4
List of Documents for Plot Loan & Construction Loan
1. Development agreement between landowner & builder.
2. Power of attorney executed by the landowner in favour of the developer.
3. NA Order
4. ULC 8(4) order Or Sec 20 exemption order
5. Property Extract / 7/12 extract in the name of the land owner
6. Estimates from Architect
7. Layout sanction plan copy
8. sale deed of the borrower
9. Commencement certificate
10. The lease deed in case of the lease hold property
11. Latest search and title report
12. Sanction building plan copy
List of Documents for Vender Balance Transfer
1. Copy agreement to sale between builder & purchaser.
2. Draft copy of agreement to sale vendor and purchaser
3. Draft copy of deed of assignment between vendor and purchaser
4. Development agreement between landowner and builder
5. Power of Attorney executed by the landowner in favor of the developer.
6. NA Order
7. ULC 8(4) order or sec 20 exemption order
8. Property Extract / 7/12 extract in the name of the landowner
9. Commencement Certificate by the concerned authority ( PMC / PCMC )
10. Sanction plan copy
11. Latest PMC Tax Paid Receipt
12. Society Registration Certificate
13. Society Share Certificate
14. Completion Certificate
15. List of Document from Bank
16. Previous chain agreement
17. 14 Title search report.
1. Development agreement between landowner & builder.
2. Power of attorney executed by the landowner in favour of the developer.
3. NA Order
4. ULC 8(4) order Or Sec 20 exemption order
5. Property Extract / 7/12 extract in the name of the land owner
6. Estimates from Architect
7. Layout sanction plan copy
8. sale deed of the borrower
9. Commencement certificate
10. The lease deed in case of the lease hold property
11. Latest search and title report
12. Sanction building plan copy
List of Documents for Vender Balance Transfer
1. Copy agreement to sale between builder & purchaser.
2. Draft copy of agreement to sale vendor and purchaser
3. Draft copy of deed of assignment between vendor and purchaser
4. Development agreement between landowner and builder
5. Power of Attorney executed by the landowner in favor of the developer.
6. NA Order
7. ULC 8(4) order or sec 20 exemption order
8. Property Extract / 7/12 extract in the name of the landowner
9. Commencement Certificate by the concerned authority ( PMC / PCMC )
10. Sanction plan copy
11. Latest PMC Tax Paid Receipt
12. Society Registration Certificate
13. Society Share Certificate
14. Completion Certificate
15. List of Document from Bank
16. Previous chain agreement
17. 14 Title search report.
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