Customer Corner
Home loan
Can I get my house financed?
Yes. All projects of Paradise Group has been approved by the following bank HDFC ,ICICI , Axis Bank,PNB, SBI,BOI,BOB, Indian Overseas Bank, India Bulls , LIC Housing & various banks.
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 appraised by the bank. All loans are at the sole discretion of the bank.
What is the term of the loan that banks offer?
Banks and financial institutions usually offer loans for a term of 10-25 years.
What are the documents required for availing home loan?
Basic Documents:
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Completed Application Form with Photograph
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Photo Identity Proof
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Residence Address Proof
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Signature Verification Proof
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Age Proof
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Fee Cheque
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For Salaried Applicants:
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Last 3 months' Salary Slip
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Form 16
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Repayment Track record of existing loans/Loan closure letter
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Bank Statement for the last 6 months from Salary Account
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For Self Employed Applicants
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A brief introduction of Business/Profession
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Photo Identity Proof, Residence Address Proof, Signature Verification Statement for all the main partners/directors
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Repayment Track record of existing loans/Loan closure letter
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Photo Identity Proof, Residence Address Proof, Signature Verification Statement for all the main partners/directors
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Board Resolution in case of a company
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Proof of existence of the company
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Office Address Proof
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Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss
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Account certified by Chartered Accountant for last 2 years (both for business and personal of partners/directors)
Loan Calculator
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STAMP DUTY & REGISTRATION
Stamp duty rates have been revised w.e.f. April 2012 as under:-
For residential as well as commercial units the stamp duty payable is applicable @ 6% of market value of the unit or consideration paid under the agreement, whichever is higher along with 1% Metro Cess.
The market value of the unit is determined on the basis of stamp duty ready reckoner issued by government every year on January 1st. Further registration fees is payable @ 1% of market value/consideration (whichever is higher) and is capped up to Rs. 40,000/-)
NRI GUIDE
YOUR EASY GUIDE TO INVESTMENT
Who is an NRI?
An Indian Citizen who holds a valid Indian passport and stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident Indian (NRI). Non-resident foreign citizens of Indian Origin are treated at par with non-resident Indians (NRI).
Who is considered the person of Indian origin (PIO) for investment in immovable properties?
A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal) is deemed to be of Indian origin if: He held an Indian passport at any time, He or his father or paternal grandfather was a citizen of India by virtue of the Constitution of of India or the Citizenship Act, 1955 (Act No. 57 of 1955).
What is an OCB?
Overseas Corporate Bodies (OCBs) are bodies predominantly owned by individuals of Indian nationality or origin residing outside India and include overseas companies, partnership firms, societies and other corporate bodies which are owned, directly or indirectly, to the extent of at least 60% individuals of Indian nationality or origin resident outside India as also overseas trusts in which at least 60% of the beneficial interest is irrevocably held by such persons. Such ownership interest should be actually held by them and not in the capacity as nominees. The various facilities granted to NRIs are also available with certain exceptions to OCBs as long as the ownership/beneficial interest held in them by NRIs continue to be at least 60%.
