Organisation :Repco Home Finance Ltd
Facility : Dream Home Loan
Home Page :https://www.repcohome.com/
Loan Online : https://www.repcohome.com/loan_online.php
Dream Home Loan :
Dream Home Loan Loans for the purpose of construction or purchase of a property.
Home Makeover Loan Loans for the purpose of repairs, renovation, and / or extension of a property.
Related : Central Bank of India Apply for Home Loan : www.statusin.in/5467.html
Plot Loans Loans for outright purchase of plots for construction of a house.
Super Loan Loans for construction (including extensions and additions to existing property) on land owned by borrower’s parents.
Fifty Plus Loan Loans to persons above 50 years where loan repayments and disbursements are structured around the retirement / pension income stream of the borrowers.
NRI Housing Loan Loans to non-resident Indians for the construction and purchase of houses in India.
Prosperity Loan Loans against mortgage of immovable property for such purposes as may be desired by the borrower. New Horizon Loan
Loans for purchase and / or construction of non-residential and commercial property.
Repco Rural Loans to Individuals under “Weaker Section” Category in Rural areas for Purchase/Construction/Repairs/ renovation/upgradation of house with loan amount Upto Rs.15.00 Lakh with construction cost/estimate not exceeding Rs.25.00 Lakhs
Tax benefits on housing :
Resident Indians are eligibile for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961. Interest repayment of Rs. 1,50,000 p.a. can get the borrower a tax saving up to about Rs. 50,985 p.a. under Sec 88. Moreover, one can get added tax benefits under Sec 80 C on repayment of principal amount upto Rs. 1,00,000 p.a. that can further reduce his tax liability by about Rs. 33,99
Supporting Documents (RH-3)
PERSONAL DOCUMENTS
For applicant and co-applicant/s
All the papers shall be submitted in original. Xerox copy if any, shall be get attested by a Gazetted Officer
Xerox copies of the following documents
Passport size photos – each two
Age proof – passport / school certificate / employer certificate
Address proof – passport / ration card / election ID card / Employer I.D.
Last six months bank A/c statement for applicant and co-applicant
B. INCOME DOCUMENTS
For both applicant and co-applicant (whichever is applicable)
If salaried
Latest salary slip
Salary certificate
Form 16 or IT returns with income computation for latest 3 years
If non – salaried
IT returns with computation of income for latest 3 years of the Concern/Firm/Company and the individual
Audited financial statements of the concern/firm/company for latest 3 years
Write up about the business
Details of credit facilities availed by the individual as well as concern/firm/company from any bank or financial institution.
Partnership deed, if applicableIf non-salaried, all the income paper copies should be duly attested by your auditor
GUARANTOR DETAILS : Duly filled and signed Guarantor form, one photograph/identity card Xerox/pay slip/salary certificate/form 16/IT ACK Xerox