Most of the banks have some basic criterion to select the borrower, his credit score historical past is thoroughly checked and most banks also insist on borrower take a life coverage in order that they may be able to recover they're a reimbursement if the borrower dies or some unavoidable mishappenings occur.
You can cherish your dreams of owning your dream home with IDBI bank home loan. For this you need to provide docs like application form with recent photograph, latest Form 16, salary slip of last 3 months, bank statement for last 6 months, birth certificate, proof of identity, proof of Residence, and proof of age. If you are self employed then you need to provide some additional docs such as qualification proof of the highest professional degree and proof of office address.
Hi, i will lik e to add that bank usually lends between 75-80 per cent of the agreement value and the borrower has to arrange the rest of the amount. RBI restricts it at 75% but some banks do give upto80% ...