Home Loan

Home loan Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan.

It is wise to exercise prudence and take extra care while going through the process.

Safety Tips when taking a Home Loan
  • Ask for proof of his/her identity, with the bank executive whom you are dealing with
  • If any cheque is issued for charges or fees, Please issue them in favour of your bank, and not in the name of any individual
  • Check all the filled-in- details with care before finally handing over your application to the bank executive
  • Avoid giving original documents to the executive
  • Make sure you sign every photocopied page before you attach it to your application
  • After submission of the documents if you decide not to avail the loan, inform the bank immediately
  • If you do not receive a notification about the acceptance or rejection of your loan-application within the time specified, contact the bank immediately through their Customer Care or Branch
  • Ensure that the title of the property is clear

Car Loan

Taking a car loan from a bank is a common and popular means to buy a car. From making the loan application to closing the loan, it becomes an easy drive when you bear the following points.

Points to remember
  • Ask for proof of his/her identity, with the bank executive whom you are dealing with
  • If you decide not to avail of the loan after submitting the document, inform the bank immediately to ensure cancellation
  • Do not make payment in cash to anyone. Always issue crossed, post-dated cheques and security PDCs in favour of the lending bank only aand not in name of any individual