ICICI Bank Home Loan Features:

Your every need requires special care and attention. With ICICI Bank Home Loans, you will not only own your dream home but also enjoy protection from unwanted events in the future.

When it comes to your dream home, you would not like to settle for anything but one that suits your need. Enjoy your dream home with the features of ICICI Bank Home Loans.

The home loan amount depends on your repayment capability and is restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable.

Maximum tenure of your home loan can be 20 years. However, in case of salaried customers it is capped at retirement age.

ICICI Bank Home Loan Advantages:

• Wide range of product to choose from
• Guidance through out the process making home buying hassle free
• Doorstep service at your comfort
• Simplified documentation
• Sanction approval without having selected a property.
• Flexible repayment options
• With a network of 2500 branches we are always close to you
• Over 900 Bank Branches pan India for servicing of your loans
• Free Personal Accident Insurance (Terms & Conditions)
• Insurance options for your home loan at attractive premium

These tax deductions are capped at 1 lakh for the principal repaid and 1.5 lakhs for the interest repaid in that particular financial year, for which you are filing your returns. Another advantage of these tax rebates is that if you take a joint home loan with your parent or child or spouse, these tax rebates can be availed simultaneously by all of you involved in the joint loan.

The tax benefits are applied according to the proportion of the loan taken by everyone involved in the joint loan. For e.g. if the ratio of ownership is 70%:30% then the loan amount of 50 L will be split as 35 L and 15 L respectively and interest/principal applicable to the respective amounts will be taken into account for each individual taking the loan. For claiming your tax, it is best to procure a home sharing agreement, detailing the ownership proportion in a stamp paper, as legal proof for ownership.

Another aspect that needs to be remembered is if you are buying a house under construction that you can claim tax benefits only after the construction of the house is completed. Also if you choose not to live in that house by let it out for rent, then you need to pay tax for rental income received as well. Acquiring a home loan is a definite benefit for your tax planning but it should never be a case of getting a home loan just to claim your tax benefits, when you have the option to buy your home with your own funds. It is always better to convert your own funds into a fixed asset and pool in the money you would end up paying as EMI into a fixed deposit or a similar financial instrument that allows you to get a good return on investment.

To get the best out of the tax savings, it is good to let the partner with the higher pay make a higher contribution towards the home loan resulting in a better tax benefit collectively. In the case of an earning couple, this would make most sense as other expenses can be manged with the income of the person making a lesser share towards the loan. This would help you optimize the benefits from the tax exemption on principal and interest repaid.

So taking a joint home loan has the significant twin benefit of increasing your loan eligibility and maximizing your tax rebate. There is one rule banks insist on when you apply for a joint home loan, which is that all co-owners of the property should also be co-applicants but the reverse need not be true.

Key info

• Full consistency with single board rate
• Financing of property purchase with a Bridging Loan*
• Attractive interest rates with a choice of Fixed Rate or Variable Rate package

Note: Loan amount is based on the purchase price or valuation of your flat, whichever is lower; Terms and Conditions apply

Benefits

• Special Rates if you take up a Renovation Loan with us!
• Terms and conditions apply
• Free fire insurance for 1 year
• Legal fee subsidy

Features & Benfits:

Requirements:

• Income tax returns – latest BE or EA Form.
• Copy of NRIC.
• Sales and Purchase Agreement or Title or Booking Receipt.
• Letter from employer and last 3 months’ salary slips.
• Bank statements for the last 6 months.
• Forms 24 and 49 (business registration forms, if applicable).

Features & Benfits:

Requirements:

• Malaysian citizen or permanent resident.
• 21 years of age and above.
• Minimum annual income of RM24,000.
• Currently holding credit facilities (credit card / home loan) with Citibank.

You’ll enjoy other benefits too, including a FREE 60 day rate lock, which means that once you’ve applied for your loan they’ll guarantee the rate for 60 days, even if there is a rate rise during the period. In addition, there is no penalty for extra repayments of up to $1,000 per month – or you can increase your regular repayments by up to $1,000 per month.

The Citibank Australia Fixed Rate Mortgage Loan is Suitable if you’d like:

• To lock in your rate for 60 days for free1
• No penalty for extra repayments or increasing your regular repayments2
• The option to make interest-only repayments for up to 5 years
• A wide variety of fixed terms – 6 months to 1, 2, 3,4 or 5 years
• The option to split your loan with another Citibank residential home loan product
• Different accounts for different purposes
• Your loan to move with you if you sell or upgrade your property.

CitiFinancial Personal Loan

There are times when you need money to meet your financial requirements. At such times, think of CitiFinancial. At CitiFinancial they understand both your short term and long term financial needs well. Be it your children’s weddings, loved ones’ education, medical emergencies, or travel requirements, They have the solution for you.

CitiFinancial has the unique ability to fulfill your financial requirements in the shortest possible time. They provide disbursals in minimum time and with minimum required documentation.

CitiFinancial Loan Against Property

Your home is more than just four walls and a roof that provides shelter for you and your family. It is also a valuable asset that can be put to use, while you continue to occupy and enjoy it. CitiFinancial Home Equity loans offer you the opportunity to get a loan against your property for multiple purposes. Their friendly, flexible and fast service offers you the best option to free the wealth locked up in your property.

CitiFinancial Home Loan

CitiFinancial understand that homes are all about dreams. So if you are looking for a loan for your dream home, just give them a call.

You’ll not only get the money easily and quickly but you will also find a scheme that is tailor-made to suit your requirements. Also if your dreams expand, to fit that corner plot or that splendid marble flooring, you’ll find that the loans will stretch along with them.

As soon as you apply for a Home Loan with Citibank, They assign you a dedicated Relationship Manager, who steers you through the entire process.

What can a Citibank Home Loan fund?

You can avail these attractive loans right away, for:

• Purchasing a ready to occupy apartment or house
• Purchasing an under-construction apartment or house by an approved developer
• Or construction of your own house on a plot of land
• Get loan against a property already owned by you

Where can I buy property in India?

With Citibank Home Loans, you can buy property in any one of the following cities:

• Delhi, Gurgaon, Noida , Kolkata, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Ahmedabad, Baroda, Surat, Indore and Coimbatore.

Advantages of a Citibank Home loan for NRIs

Criteria

For USA and Canada Residents

• You are eligible for a Citibank Home Loan, if you fulfill the following criteria:
• Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of USD 36,000/CAD 60,000 per annum
• You must also have a close blood relative residing in India, who will be a co-applicant to your loan

For United Kingdom Residents

• You are eligible for a Citibank Home Loan, if you fulfill the following criterion:
• Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of GBP 40,000 per annum
• You must also have a close blood relative residing in India, who will be a co-applicant to your loan

For Middle East Residents

• You are eligible for a Citibank Home Loan, if you fulfill the following criteria:
• Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of AED 48,000/BHD 4,800 per annum
• You must also have a close blood relative residing in India, who will be a co-applicant to your loan

For Asia Pacific Residents

• You are eligible for a Citibank Home Loan, if you fulfill the following criteria:
• Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of SGD 40,000 per annum
• You must also have a close blood relative residing in India, who will be a co-applicant to your loan

Documents Required

Income Documents (For salaried applicants whose income is being considered):

• Latest Salary Slip for 1 complete month
• Last two year’s W2/B4/P60/Work contract
• Last 3 month’s bank statement reflecting salary credit

Personal Identification Documents (For all applicants on the loan):

• Passport size photograph
• Copy of Passport with Visa page

Secondary Identification Documents: Driving License/PAN Card

Property Documents:

• Latest Sale Deed with previous chain link
• Allotment Letter, Payment Plan and Receipts for under construction properties

Any other documents as might be required depending on the nature of the property.

The Allahabad Bank’s home loan is best suited for Permanent salaried employees, Professionals & Self-Employed Persons, Businessmen, having regular income to liquidate the loan.

Purpose:

Allahabad Bank gives home loan for purchasing house from Development Authority of any Govt. recognized agency i.e. HUDA, HOUSEFED and construction of residential house thereon.

The Allahabad Bank home loan can also be availed to furnish unfinished or old house (maximum 20 years old), renovation or addition of another floor to the existing house, etc.

Eligibility:

Allahabad Bank Home Loan may be sanctioned to those who have regular income sufficient enough to liquidate the loan along with interest within stipulated period of repayment. The employees who have availed of home loan from their own organizations may also avail of loan from the Bank.

Loan amount:

1) In case of salaried persons: The loan amount will be restricted to 60 times of monthly gross salary last drawn subject to the condition that it is within the project cost less stipulated margin and Total deductions including EMI of proposed loan should not exceed 40% of the Gross monthly salary of the applicant.

2) In case of others: The loan will be restricted up to 4 times of gross Income average shown in last 3 years Income Tax Assessment Order/ acknowledged copy of income tax return subject to the condition that it is within the project cost less stipulated margin and Total deductions including EMI of proposed loan should not exceed 40% of the Gross monthly income of the applicant as per IT Returns.

Salaried individual, self-employed persons, running your own business, etc, anyone can take home loan from State Bank of Hyderabad by fulfilling certain criteria for the entitlement and the documentation formalities for the loan. Even NRIs can apply for State Bank of Hyderabad home loan.

Eligibility:

• Individuals over 21 years of age and younger than 70 years

Amount of finance:

1. For employees who are over 21 years to 45 years of age, the loan amount is 60 times the net monthly income (NMI), net of all deductions including loan repayments and actual monthly TDS. The spouse’s income can also be included.
2. For employees over 45 years of age, the loan amount is 48 times NMI, net of all deductions including loan repayments and actual monthly TDS The spouse’s income can also be included.
3. The expected rentals less taxes in the case of house / flat being purchased which is proposed to be rented out may be added for computation of the eligibility ceiling.
4. For amount of finance, reimbursement of investment made during preceding 12 months & adding back depreciation to compute Net Annual Income for determining loan eligibility in case of proprietary concerns are also considered.

Margin:

• 20% For purchase or construction of new house/flat for loan up to Rs75 lacs

For Housing Loans to Others

• 20% Upto Rs.75 lacs
• 25% Above Rs.75 lacs

To purchase House Plot alone

• 35% Cost of the Plot including registration, stamp duty etc.

For furnishings/consumer durables as a part of the project cost

• 20% of the cost of the estimation.

Repayment:

Repayment is in Equated Monthly Installments (EMI)

1. For applicants up to 45 years of age: 240 months
2. For applicants above 45 years of age: 180 months (subject to repayment of the loan with interest, before the borrower attains 70 years of age, where check-off facility is available)

Processing charges:

• 0.5 %, irrespective of the loan amount, subject to a cap of Rs.10,000/- (including applicable service tax) payable at the time of submission of application to the bank.

Insurance:

• Property purchased with bank finance should be fully insured

Security:

• Mortgage of the property purchased