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Home loan eligibility .pdf

Original filename: Home loan eligibility.pdf
Title: Home loan
Author: prasad.v

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Home loan


Letzbank is one portal where you find the best deals from top lenders in the
country. Are you dreaming of your owned house? Then we are here to offer you
easy Home Loans with rich features and benefits. We have variety of Home Loan
products which are designed keeping in mind the various requirements of our
valuable customers.
Login in to Letzbank - Click on Select tools- Click on Home Loan Calculator- Enter
the Loan amount, Interest rate, Tenure as per your accordance- you will get the
exact calculated EMI- when you scroll down you get the Schedule showing the EMI
payments up to your desired month and year which are as follows:

Calculate Home Loan Eligibility
• Your dream home is now within your reach with Letzbank
Home Loans. We offer higher loan amount on your income.
Your home loan eligibility can be further enhanced by
including income of the co-applicant(s) of your Home Loan.
• Home Loan eligibility is calculated after considering various
factors including monthly income, fixed monthly obligation,
current age, retirement age etc. Your home loan eligibility
can also be considered an indicator of your home loan
• Use a Home Loan Eligibility Calculator to calculate the
amount that you can borrow.

Home loan documents

Application form with photograph duly signedIdentity,
residence and age proof
Last 6 months bank statements
Last 3 months Salary-slips
Processing fee chequeForm 16 / Income Tax
ReturnsProof of business existence
Business profile
Education qualification certificate
proof of business existence Last 3 years Income Tax
Returns with computation of Income Last 3 years CA
Certified / Audited Balance Sheet and Profit & Loss Account

1) What is the benefit of calculating EMI?
Ans. Since EMI is the fixed amount that you will need to pay to the
bank towards repayment of your Loan, calculating the EMI helps
you to plan your monthly budget.
2) What is the impact of part payments on EMI?
Ans. Part payments reduce the outstanding loan amount, which in turn
reduces the interest amount due. Without changing the EMI post
part payment, the contribution of EMI towards principal
repayment increases. Thus the loan gets repaid faster.
3. How does Home Loan EMI payment reduce tax obligation?
Ans. Provisions under income tax laws allow Indian Nationals to claim
income tax relief on payments made towards interest and principal
of home loan. Click here to access our home loan tax saving

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