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Home Loan | Plot + Construction Loan | Balance Transfer
Construction | Improvement | Expansion
Documents
Annexure

Description

To Finance a new ready to move-in or under construction residential property.

Age Limit
(At the time of loan maturity)

- Salaried Individuals - 65 years of age or retirement, whichever is earlier
- Self-employed (Professionals and non-professionals) - 70 years

Max loan tenor

Up to 30 years for Salaried
Up to 20 years for Self-employed

Max loan eligibility

Up to 30 Lakhs

Up to 90% of the property's market value

Rs 30.01 Lakhs to Rs 75 Lakhs

Up to 80% of the property's market value

Above 75 Lakhs

Up to 75% of the property's market value

*Property's market value as assessed by Hero Housing Finance Ltd.

Rate of Interest

Starting at 9.75%

Description

To finance renovation, expansion of existing residential property

Max loan tenor

Up to 20 years

Rate of Interest

Starting at 9.75%

Salaried
Self Employed

Proof of both identity, age, and
residence (any combination
that fulfills both.)

Document	ID Proof	Address Proof only	Relationship Proof	Age Proof
Aadhar Card/E Aadhar issued by UIDAI
Valid Passport
Pan Card
Driving License issued by the RTO
Voter ID Card issued by Ec

For a detailed list of documents, see Annexure

Income

Last 3 months salary slip
Last 2 years Form 16
Bank statements for last 6 months reflecting salary credits
Appointment letter with salary breakup if current employment is less than 1 year old

Application Form

Application form
Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form
Cheque for processing fee favouring ‘ Hero Housing Finance Ltd.

Details of current loans

Bank statement reflecting last 6 months EMI payment/ SOA of running loans

Property related
documents

Copy of the Allotment Letter / Buyer Agreement/Sale Deed
Receipts of payments made to the Builder/ Developer/Seller

Note: All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.

Proof of both identity, age, and
residence (any combination
that fulfills both.)

Document	ID Proof	Address Proof only	Relationship Proof	Age Proof
Aadhar Card/E Aadhar issued by UIDAI
Valid Passport
Pan Card
Driving License issued by the RTO
Voter ID Card issued by Ec

Additional KYC
documents
for companies

MOA and AOA of company duly signed by authorised signatory
Certificate of incorporation duly signed by authorised signatory
Latest list of Directors and Shareholders duly signed by authorised signatory
Address proof of company duly signed by authorised signatory
GST/Sales Tax registration certificate/TIN certificate/VAT certificate/Service tax certificate/TAN certificate.
Latest copy of Electricity Bill (not more than two months old)
Property tax bill receipt not more than one calendar year old from the date of issuance of bill
Partnership Deed in case of the business entity being a partnership firm

Income

Income Tax Returns along with computation of income for the last 2 Assessment Years
Last 3 years’ ITR, P&L and Balance Sheet with Notes to accounts
GST Return for last 1 year
Last 6 months bank statement of all operative accounts of firm/company
Last 6 months savings a/c bank statement of all financial applicants

Application Form

Application form
Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form
Cheque for processing fee favouring ‘ Hero Housing Finance Ltd.’

Property related
documents

Copy of complete set of property papers including prior deeds
Latest property tax receipt/ utility bill

Note:
Note: All documents to be self attested. The above list is indicative in nature and additional documents can be asked for. Firm/Company stamp to be affixed and self attestation to be done by authorized signatory on all firm/company documents. OSV should be done by DMA/DST/Employee on all documents.

S.No	Documents	Age Proof	ID Proof	address proof	Relationship proof
1	Last 2 Utility bills/Electricity Bills/Gas Connection/Telephone
2	Consumer Gas connection card/passbook along with receipt for gas supply not older than two months with due entry for gas supply
3	Certificate from the postal office confirming address of applicants either on letter heads or under office seal and signed by Post Master/Asst Post Master
4	Original letter from Central /State Govt departments/defence dept or Public Sector Units/Banks/employer certifying the residential address of employee/applicant. Signature of the employee/applicant has to be attested on the letter head
5	Quarter allotment letter issued by Central/State Govt. Dept/PSUs/RBI/SEBI/Public Sector/SIDBI/EXIM Bank. Letter to be on the letter head or under office seal with signature of issuing authority
6	Registered leave and licence agreement along with utility bill not older than 2 months in the name of the landlord( Notarized agreement not accepted as address proof)
7	Property tax bill along with receipt should not be older than more than one calendar year from the bill issuance date
8	Water Tax bill along with receipt (not more than 6 months old)
9	PAN intimation letter to be accepted for the first six months from the date of issue of PAN (Customer’s communication address visit is mandatory
10	Secondary school leaving certificate/passing certificate issued by Examination board/university indicating date of birth (id proof if documents is with a photograph and should be accepted till the age of 25 years only
11	Hand written ration card containing signature and stamp of the official authority
12	Birth certificate issued by registrar of birth and death (municipal corporation or zila parishad, gram panchayat) or birth certificate issued by Private nursing home (Guardian account should be more than six months old ) confirming DOB, name of the child & guardian name