![]() They have a steady income by way of salary and his/ her salary account is maintained with Bank (preferably J&K Bank) or have a steady income by way of engagement in any business activity, to be ascertained by the loan apprising officer and concerned sanctioning authority after due diligence.Income of spouse and / or child(ren) living with applicant, provided:. ![]() To enhance loan eligibility following options may be added: Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc.However, in all such cases mortgage of house shall be mandatory and all the legal heirs of the father/mother should stand as guarantors to the amount of housing loan. In Case of repairs/renovation/alteration/additions to an ancestral property in the name of either father or mother, who is dependent on son / daughter, loan can be granted to the parent(s) by making the son / daughter as co borrower and his /her income can be taken for computation of quantum of loan. Sanctioning authorities to satisfy themselves about the income earned by the Non-Resident and take necessary safeguards for extending finance and regular repayment of such loans. Non-Resident Indians are also eligible for financing under the scheme. Retired Employees of State / Central Government, Public Sector Undertaking.Persons engaged in agricultural and allied activities. ![]() Professionals, Self Employed Individuals / Businessmen with a minimum 3 years standing in the current profession.Employees of Reputed Companies with a minimum of 3 years of service. ![]()
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