Owing a home would be one of the biggest dream in most of the people. It also becomes one of the biggest investment, one will make in a life time. Decision to buy or own a home will make your life busy collecting valuable information that should help your decision wise, because you are going to have an asset for you and to your descendants. When you make a list, the most important factor will be finding the right financier to make your dream comes true. The SYNDNIVAS Housing Loan from Syndicate Bank offers very attractive, hassle free, easy to obtain finance options in the Home loan sector for both salaried and business class people.
Every financial dealings involve risk and there is no exemption in lending money to public. Bank calculates their risk factor in each and every loan products hence making ways to subdue collecting authenticated documents from its loan customers. Here we can find what are the documents usually banks ask to a loan customer.
After completing probation period, employee gets confirmation which will give pleasure and happiness to the life. The next step thinking to enhance life by adding facilities. It may be a new car or a new house or home appliances like home theater or something else. In normal case, most of the employees depend bank loan to meet their shortfalls of cash. Before going to bank for applying loan, following 6 important things to be checked whether you have met those points speeding up loan process:
Following are the documents to be furnished by applicant for SBI Auto loans:
Loan customers may think possibility of transferring loan to more customer friendly bank, sometimes, reasoning better interest rate, relaxation of fine imposing etc. When they think about taking a loan, there may not have studied various bank's terms, conditions, policies. After starting repayment of some instalments, they would have learned about their bank's merits and demerits.
List of papers / documents applicable to all applicants for Housing Loan:
- Completed loan application
- 3 Passport size photographs
- Proof of identify (photo copies of Voters ID card/ Passport / Driving license/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills / Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
- Proof of business address for non-salaried individuals
SBI offers car loans for the longest tenors (84 months) and also provides finance for both new cars as well as old cars (not more than five years old). Interest for Car loans shall be on daily reducing balance, unlike the flat rate of interest or interest based on annual reducing balance method used by several other financiers. Finance includes for one-time road tax, registration fee and insurance premium also.