Feb 25
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GIC Housing Finance Home Loan
It is primarily due to these reasons that there has also been a rise in the institutions which help in providing finance to purchase residential spaces. Among many such institutions is GIC Housing Finance Ltd. which provides home loans with some of the most customer friendly terms.
GIC Housing Finance Limited was established in 1989 with the objective of lending capital to individuals and business organizations for the construction of houses / flats for residential purposes. Read on to find out more about loans offered by GIC.
Features of GIC Housing Finance Ltd. Home Loan:
- You may make payment on your home loan in multiple ways like postdated cheques, direct debit from salary, demand drafts or in cash.
- Avail tax benefits on your housing loan under the Income Tax Act 1961.
GIC Housing Finance Home loan Documentation:
Income Documents:
- Salaried – Employment verification form and Form-F-22
- Self-employed – Income Tax Returns for last 2 years (copy), duly certified balance sheet, profit & loss account, computation of Income statements and business profile.
General Documents:
- Form No.16 or Annual Income Statement, as specified under Income Tax Act, for the last year.
- Salary slips for the last 3 months.
- Bankers Opinion, Form No. F-23 & F-24.
- Bank statement / pass book (copy).
- Credit card statements (copy).
- Resume/Bio-data providing past employment details.
- Evidence of qualifications (copy).
- ID proof like passport, Ration card, PAN card, telephone bill, Voter card, etc.
- Guarantor(s) income proof along with the latest salary slip, photo and copy of I-Card/Ration card.
- Details (name, age, relation, status, dependency etc.) of family members who are living with the applicant / co-applicant.
GIC Housing Finance Ltd. Home loan Interest Rates:
The interest rate applicable on GIC housing loans starts from 10.25% onwards.
