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.