Age: Minimum age of applicant / guarantor - 25 years.
Maximum age of applicant / guarantor - 58 years for salaried (60 for Govt. employees), 65
in case of self-employed at the time of loan maturity.
Residential
Status:
Applicant should be buying a house and must be residing within the city limits of areas
where HSBC operates.
Borrower:
Individual wage earner or self-employed. Due to tax advantages many self-employed purchase
properties in their business' name i.e. Proprietorship, Partnership, or Pvt. Ltd. Cos. We
will consider applications made in these entity names.
Co-applicants/Guarantor:
All joint owners of the property necessarily have to be co-applicants and will sign all
legal papers.
Income
Requirement:
Net income of applicant should be greater than Rs.150,000. A maximum of 2 incomes of joint
applicants can be clubbed to the income of the applicant. Clubbing of income is allowed
only for spouse or parent as far as it is part of the household income.
Checklist
Documents required for Home Loans:
Documents
Salaried Individuals
Self-
Employed
Partnership/
Proprietors
Private
Limited
Companies
1.
Latest salary slip showing statutory deductions
*
2.
Form 16 (TDS Certificate from employer)
*
3.
Proof of age (voter's identity card/
valid driving licence/passport/school leaving certificate)
*
*
*
4.
Proof of residence/office (tel/electricity bill/ration card)
*
*
*
*
5.
Bank statements for last 6 months
*
*
*
*
6.
Computation of income for last 2 years certified by a CA
*
*
*
7.
P & L A/c & Balance Sheet for last 2 years certified by a CA
