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Indian Overseas Bank Branch

This document is an application for a term loan from Indian Overseas Bank for the construction or acquisition of a house or flat. The applicant provides personal details like name, address, employment, income, existing assets and liabilities. They also give details of the proposed property like location, area, construction plans, encumbrances. The total cost, margin money and loan amount required are specified. The applicant agrees to abide by the terms and conditions of the bank's housing loan scheme.

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Dipak Madhukar Kamble
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780 views2 pages

Indian Overseas Bank Branch

This document is an application for a term loan from Indian Overseas Bank for the construction or acquisition of a house or flat. The applicant provides personal details like name, address, employment, income, existing assets and liabilities. They also give details of the proposed property like location, area, construction plans, encumbrances. The total cost, margin money and loan amount required are specified. The applicant agrees to abide by the terms and conditions of the bank's housing loan scheme.

Uploaded by

Dipak Madhukar Kamble
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INDIAN OVERSEAS BANK

………………… Branch

To
The Manager
Indian Overseas Bank
…………….. Branch

APPLICATION FOR TERM LOAN FOR


CONSTRUCTION/ACQUISITION OF HOUSE/FLAT “SUBHA GRUHA”

I hereby apply for a term loan of Rs. …………….. repayable in ………… monthly
installment’s for the purpose of construction/acquisition of house/flat. I confirm having
read the terms and conditions for the above scheme and agree to abide by the same. I
give below the particulars about me which are true and correct and I have not withheld
any information that may be vital for the sanction of the loan applied for by me.

1. Name of the Applicant: 2. Date of Birth & Age:

3. If married, number of Children and other dependants:

4. Residential Address with Phone No.


Present Permanent

5. Employment particulars:
Name of Employer: Designation:
Office address with Phone No. Date of joining:
Whether confirmed:

Age and Date of retirement:

6. Salary Particulars Gross salary: Deductions:


Net salary (salary certificate from employer is to be attached)

7. Any other income (proof to be attached) :

8. If the applicant is a professional/in trade/business


Line if activity:

9. Details of present assets & liabilities (assets such as LIC policies, NSC, Immovable
Property etc.):
Nature of assets Location/details Market Value Whether encumbered

Details of Liabilities

Borrowed from Purpose of loan Amount of loan Present outstanding

10. Details of Guarantee given : To whom given:


Name of the Principal debtor: Amount of Guarantee:

11. Details of property proposed to be purchased/constructed:


Location and address: Survey No. :

Plot no./Door no. Street:


Village: Taluk:
District: Total area of the plot:
Built in area of the house/plot: Plinth area in the case of flat:

Whether plan for construction has been approved/sanctioned by appropriate authority:


(copy of approved plan to be enclosed)

Whether the plot/property is free of any encumbrance : (legal opinion on the


property is to be obtained before sanction of loan)

If the construction/acquisition if made through a Co-operative Society/Association


whether the by-laws of the Society/ Association are submitted:

In the case of loan for Purchase of already built house please advise the year of
construction :
Whether copy of the contract for purchase of flat/house is enclosed :

12. How the cost is going to be met :


Total cost of purchase/ construction : (estimate/valuation report from a bank
approved engineer is to be submitted for construction/acquisition)

Margin money (source of margin money to be brought in is to be indicated with


proof)

Loan amount required : Repayment period required :

13. Whether the applicant is owning a house already, if so furnish the details.

Place :
Date :
Signature of the applicant

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