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1. Can I Get my House financed?
Yes, all JP Infra projects are approved with most leading banks and financial institution for availing home loans.

2. How much loan can I avail?
You can avail a maximum loan of 80% of the Agreement value. However your loan amount may differ as per your income eligibility as approved by the bank. All loans are at the sole discretion of the bank.

3. What is the term of the loan that bank offers?
The term usually offered by bank and financial institutions varies from 10 years to 25 years.

4. Basic Documents required for Home Loans?

Documents required for self-employed persons:

  • Updated pass book or photocopy of the applicant’s statement of accounts for the last 6 months
  • A photocopy of the applicant’s ration card
  • A profile of the applicant’s business mentioning at least the nature of the business, client list, suppliers, employee strength, geographical spread, etc.
  • In the case of a business partnership a copy of the partnership deed, 3 years P & L a/c, B/S, computation of income certified by a CA and individual computation of income and tax returns for last 3 years is required
  • In the case of a proprietor or professional 3 years P & L a/c, B/S, computation of income certified by a CA and an income tax return file statement for 3 years is required
  • If the company applying for a loan is a Pvt. Ltd. a remuneration certificate, the board resolution for fixing remuneration, the company's annual report and individual IT returns for last 3 years is required

Documents required for employed persons:

  • Latest salary certificate or the original slip
  • A photocopy of Form no.16 A (TDS Form) from the applicant’s employer
  • The original certificate from the applicant’s employer for any other allowances that are not reflected in the applicant’s salary slip
  • A photocopy of the applicant’s updated bank pass book or a statement of the applicant’s accounts for last 6 months
  • A photocopy of the applicant’s voter I.D. card or the applicant’s company I.D. or the applicant’s passport/ ration card
  • A passport size photograph of the applicant & co-applicant.

5. What is the procedure for disbursement?
The loan will be sanctioned after the selection of property and submission of the required legal documents. The process might take some time as each document needs to be verified for the safety of the applicant. The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed. Once the above has been submitted and verified, the registration of the conveyance deed and investment of the applicant's own contribution and the loan amount will be disbursed by the bank. The disbursement will be in favor of the builder.

Documents required for disbursement:

  • Loan agreement
  • Disbursement requests
  • Post-dated cheques
  • Personal guarantors documents.

6. What is TDS on Property?
The Finance Bill 2013, effective 1st june 2013, has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor. According to rules in respect of tax deducted at source, buyer of the property would have to deduct the TDS and deposit the same in Government treasury. Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN). The Buyer is required quote his or her PAN and sellers PAN