Get your home
Financed

Can I get my house financed?

Yes. All projects by the Kohinoor Group hold clear titles and are approved by all leading banks and financial institutions.


How much loan can I avail?

You can avail a maximum loan of 70% to 80% of the Agreement Value. However your loan amount may differ as per your income eligibility & THE CIBIL SCORES 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:

  • Completed Application Form with Photograph
  • Photo Identity Proof
  • Residence Address Proof
  • Signature Verification Proof
  • Age Proof
  • Fee Cheque
  • Marriage certificate ( if applicable )

For Salaried Applicants:

  • Last 3 months' Salary Slip
  • Form 16
  • Repayment Track record of existing loans/Loan closure letter
  • Bank Statement for the last 6 months from Salary Account

For Self Employed Applicants:

  • A brief introduction of Business/Profession
  • Photo Identity Proof, Residence Address Proof, Signature Verification Statement for all the main partners/directors
  • Repayment Track record of existing loans/Loan closure letter
  • Board Resolution in case of a company
  • Proof of existence of the company
  • Office Address Proof
  • Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss
  • Account certified by Chartered Accountant for last 2 years (both for business and personal of partners/directors)


STAMP DUTY &
REGISTRATION

Stamp Duty rates have been revised as under:-

For residential as well as commercial units in Corporation Limits the Stamp Duty payable is applicable @ 6% of market value of the unit or consideration paid under the agreement, whichever is higher. Whereas in other areas the Stamp Duty payable is either 4% or 5%

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. 30,000/-