The home loans interest rates have reached an all time low and fewer procedures for home loans make the whole process quite hassle-free. You have various schemes to opt from to suit your need. The pre-approval of Sree Nakshatra projects by leading Housing Finance Companies makes the whole process a whole lot easier. Maximum loan amount with long term easy installments can be arranged for both NRIs and RIs.
We have exclusive tie-ups with all the major banks/ home finance companies like State Bank of India (SBI), State Bank of Travancore (SBT), HDFC etc.
Here is a list of general documents required for sanctioning the loan amount by a Housing Finance Company (HFC). Please note that the list is only indicative and there may be variations/additions for each HFC.
Passport size photograph of all applicants
Copy of passport and visa
Copy of work permit
Bank statement for last six months both international (in which the salary is credited) and domestic NRE account.
General Power of Attorney as per the HFC's draft duly attested by the Indian Consulate in case NRI is not in India. If NRI is in India then the POA can be locally notarized by Notary Public.
Copy of appointment letter or Employment contract (if the contract is in a language other than English, the English translation of the same attested by the Embassy/Employer should be given).
Copy of Labour card or Identity card issued by current employers.
Salary certificate specifying Name, Date of joining, Designation,Salary details and deductions if any.
Latest four months’ salary slip.
Administration fee cheques from NRE A/c (0.5% of the loan amount).
Property Related Documents.
Copy of approved drawings of proposed construction/purchase/extension.
Agreement for sale/sale deed/detailed cost estimate from Architect/Engineer for property to be purchased/constructed/extended.
However, please note that the loans are provided by various housing finance institutions and Sree Nakshatra Builders & Developers is not directly involved in sanctioning the loan.
NB: The above details are subject to change. Kindly refer to the respective bodies for complete and up-to-date information
