At Elite Estates we work closely with our buyers to facilitate a better understanding of the variety of ways that you may be able to finance your new plot. This includes general guidance, answering specific questions, helping facilitate the buying process, assisting with deed registrations, and even putting you in touch with the right banking partner.
While we make every effort to guide you on the variety of property loans available, necessary paperwork and eligibility criteria, the final details need to be addressed to your financial institution, lending partner or bank.
Below is a set of preliminary questions with answers that may help enhance your understanding of the property loan application process.
Questions & Answers
- An Indian citizen, Indian resident, Non-Resident Indian (NRI) or Person of Indian Origin (PIO).
- Above 21 years of age when you apply for the loan and when the loan is disbursed to you.
- Below 65 years of age when the final loan repayment is complete, and the loan matures.
- Either a salaried employee or self-employed and worthy of applying for a line of credit.
Loan Documents Checklist
Please note the actual final document checklist needed may vary based on the lending institution you decide to work with, and you should check with them. However, the following set of identification mechanisms and documents to be submitted are usually customary when applying for a property loan.