Home Loans

Triade Builders Private Ltd. has an exclusive arrangement with HDFC Home Loans, ICICI Bank or The Federal Bank for availing Home Loans.

Contact us and we will not only make the introduction, but also render all assistance for you to avail a Home Loan. Our friendly relations with the Officers of HDFC, ICICI Bank or The Federal Bank will enable you to receive personal attention in expediting the processing of your application for a Dream Home.

Both Banks do not charge for pre-mature closure of your home loan. So it is as simple as Get it today and close it tomorrow without paying anything extra.

HOME LOANS can be availed by any of the following...

1. Indian Citizen
2. Non-Resident Indian citizen (NRI) or
3. Foreign Citizen of Indian Origin.

If you indicate the bank of your choice, you will be contacted directly by the selected Bank, and we shall render maximum assistance in securing your loan. The actual amount you can borrow from the bank will depend on your age and your Net Monthly Income (NMI).Home loans can be availed up to 85% of total cost of the home.

Home Loans of up to 85% will be sanctioned on approval of the eligibility of the applicant to repay the loan. Eligibility will be considered based on the Documents submitted by the applicant.

These should include:

• Application form with passport size photographs (Applicant & Co-Applicant)
• Copy of the Passport and Visa
• Copy of the Work Permit/ Labour card/ Identity card
• Latest salary certificate or latest Four months salary slips
• Latest six months international bank statement (From salary credited Account)
• Latest six months domestic NRI/ NRO a/c Statement
• Employment contract or Appointment letter or increment letter
• Processing fee cheque from domestic account
• Power of attorney
• Credit report (Equifax in case of European countries)

If an applicant’s spouse is employed and he/ she can also provide the required documents noted above, then, in case the loan amount sanctioned to the applicant is not sufficient, the income of the spouse can also be included to make up the total amount necessary to avail the required amount for purchase of the home.

Repayment

Banks provides options for repayment of your Home Loan based on the age, and the tenure of the loan you wish to avail, for 15 years.

Age: Up to 45 years - 15 years maximum. Above 45 years – depend on the Age.

Home loans are sanctioned on the condition that full repayment is made before the applicant reaches 65 years of age.

In the event that an NRI/ Buyer is unable to appear in person to execute the documents to avail the Home loan for a purchase, then a Power of Attorney produced by an authorized person will be sufficient for the purpose. The signature of the person issuing the Power of Attorney should be attested by an acceptable Authority (Embassy) from the place of issue of the POA.

Eligibility Calculation

• Minimum Rs 35000/- (Indian Currency) needed for taking a Loan.
• Loan Eligibility = Gross Monthly Income * 50% EMI

For Eg: X Monthly Income 75000 Looking Loan For 10 years.

His eligibility as follows

1. 75000*50% = 37500
2. EMI for 10 years = 1435
3. 37500/1435 = 26.13 Lacs (Eligibility for taking Loan)

The Term of the Loan Depends on the Monthly Salary And Age of the Applicant.