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| Welcome to ABN Amro Bank Home Loans |
Types of loans available
- ABN AMRO offers other Home Loan products that can provide additional benefits to your Home.
- Home Loan (Construction or Purchase)
- Residential Home Equity (Loan Against Property ~ Residential)
- Commercial Property Loan (Construction or Purchase)
- Commercial Equity (Loan Against Property ~ Commercial)
- Secured Overdraft (Commercial + Residential)
ABN AMRO Renovation Loan -
After securing your home, you may want to transform it into your very own abode. Maybe you will like your kitchen and bathrooms to have designer fixtures or your living room to be painted in a vibrant colour. You can now actualise your dream by taking an ABN AMRO Renovation Loan. You can take a Renovation Loan upto 100% of the cost estimate subject to 30% of the market value of the property.
ABN AMRO Home Extension Loan -
You have secured a Home and now your family needs more space for living, your growing children want separate rooms. You and your family can realise your dream by taking an ABN AMRO Home Extension Loan. You can take upto 85% of the cost estimate subject to 80% of the market value of the property.
ABN AMRO Top-up Loan -
After taking a ABN AMRO Home Loan, you can further cement relationship by taking a top-up loan for other financial needs like marriage, education etc, against the same property.
ABN AMRO Offers Loan against Residential and commercial Properties -
Tap the financial potential of your home. Use the low cost funding option for your business, higher education, medical expenses or wedding in the family In fact, the loan can be used for any legitimate purpose.
Secured Overdraft is an overdraft facility against your real estate, residential or commercial. Home Equity Overdraft provides you unbelievable savings and unmatched flexibility. As you pay Interest only on the funds you withdraw. Spend more and save more with flexible slab-based interest plans and enjoy convenience, with only 1% of spends as minimum amount due every month or 5000 Rs, which ever is lesser.
When can the customer apply for a home loan from ABN AMRO?
The customer can get a home loan sanctioned from ABN AMRO if he/she have just decided to acquire a Home in the near future, i.e. even before selecting a home.
What tax benefits do the people enjoy on housing loans?
T per the Income Tax Act, 1961. As the benefits could vary each year, please check ouax benefits are available on the principal and interest components of a housing loan ast the current benefits available. What documents are required to get a home loan sanctioned
An indicative list is given below.
Common Documents for All Categories of customers:
- Passport size photographs of all applicants.
- Age verification proof (copy of passport, birth certificate, driving license, school leaving certificate).
- Bank statements for the last six months. (Salary account for employed and main account for self employed.)
Income documents are as follows:
For Salaried
- Latest Salary Certificate/ Last 2 months Salary Slips showing all deductions from employer.
- Latest Form No.16.
- Appointment/ Latest increment letter from employer for annual benefits.
For Self- employed individuals
- Income Tax returns for the last 2 years duly Certified by a Chartered Accountant
- Balance Sheets and Profit & Loss Account of the business/ profession and individual for the last 2 years duly certified by a Chartered Accountant.(Form 16A also required for Consultants)
Memorandum/ Articles of Association of company, partnership deed for firms and profile of your company/ firm giving details of organisational structure, clients, suppliers, etc. |
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