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When a borrower shifts his loan account from one lender to another, he wishes to avail extra funds; Funds to carry out improvements in the property in the form of wood work, additions, renovations etc.; Funds for personal use. This can be given to the customer in the form of a top up loan on residential property.
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Key Features: |
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Loan Amount: |
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Maximum top up loan amount would be Rs. 100 lacs subject to IIR/FOIR grid AND LTV/LCR as per prevailing policy.
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Tenure: |
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15 years for Resident Indian only.
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Interest Rate: |
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Floating rate with variable tenure will be offered. Please contact our branches for the prevailing rates. |
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Fees: |
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Please contact our branches for Processing fees.
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Repayments: |
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Uniform EMI OR FLIP (Flexible Loan Installment Payment) will be available.
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Repayment mode: |
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ECS (Electronic Clearing Service)is preferred.
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Pre payment charges: |
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As applicable from time to time. (Please contact our branches for details). |
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Usage of Top Up funds: |
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Only for legal and ethical purpose. Letter of end use dully signed by borrower(s) is required.
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| Basic Eligibility Criteria:
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Parameters
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Salaried
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Self-Employed
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Profile
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Salaried (Govt. & Corporate)
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Salaried (Pvt. Ltd)
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Non professional (proprietors, Director, Partners, Agents)
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Professional (Doc, CA, Engineers)
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Age
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Min 21, Max-60
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Min 21, Max-60
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Min 21, Max-65
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Min 21, Max-65
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Qualification
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Graduate
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Graduate
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Graduate
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Graduate
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Experience
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Confirmed employee with a minimum 1 years experience in same company
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Confirmed employee with a minimum 5 yrs exp in same company / Industry
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3 years
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3 years
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Income Eligibility*
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Min Rs.180000/- per annum
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Min Rs.180000/- per annum
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Min Rs.180000/- per annum
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Min Rs.180000/- per annum
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| Salaried Individuals
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Self-Employed Individuals |
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Latest salary slip or salary certificate
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Last 3 years Income Tax returns duly certified by CA
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Form No.16 or PF statement or appointment letter in case of Cash Salary. |
Last 3 years Balance Sheet and Profit and Loss A/c with Annexures and Schedules
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| Age Proof
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Identification Proof
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Passport size Photograph.
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Repayment track record, if any. |
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Bank statement / Pass book copy for last 6 months.
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Loan outstanding letter from BT Bank / FI. |
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Letter from BT bank / FI stating list of property document held with them.
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Any other documents, as may be required. |
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| * The above mentioned terms and conditions are subject to change without prior notice. Please contact one of our branches for details.
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