ASSIGNMENT 6
COLLECT LOAN APPLICATION FORMS OF NATIONALIZE
BANK/OTHER FINANCIAL INSTITUTION
The SBI is one of the major banks which provide the housing loan to customer in order to fulfil
their dream of purchasing and living in their own house. The SBI bank has come up with variety
of options to offer the home loans for different categories of the customers, and hence it is rightly
said that it provides everything for everyone. The SBI has designed various schemes in such a
manner that is beneficial for the all segments of the customers be it in interest rates term or
repayment schedule terms. Also, the bank has started giving loan to employees or unemployed
women at reasonable interest rates.
Eligibility Criteria for Home Loan
Employment Stability: It’s a crucial aspect for home loan consideration. Unless the applicant is
salaried and employed for at least 2 years in the current profession or if the applicant is self-
employed with minimum 5 years of total earnings loan will not be processed.
Age Criteria: The younger the applicant is there is more probability of getting loan. Most
banks offer home loan for salaried employees only if they are between the age group of 20 to 60
years. However for self-employed this will change to 24 to 65 years.
Credit Rating: Apart from the applicant’s company’s performance, individual credit rating
has a lot of importance. Good credit rating will increases the chance of getting the loan with
more flexibility on loan amount, EMI, tenure and interest rates. Default payment records,
fraudulent tracks, and outstanding loan, will reflect negatively on the applicant, this could lead to
bank’s cancelling the loan request or will charge high rate of interest.
Employer: If the applicant is working with an employer who has high reputation and
impressive turnover, the credibility of the applicant will respectively increase. Being a part of
reputed and high turnover companies is an asset for the applicant especially when it comes to
applying for home loan.
ASSIGNMENT 6 1
Financial Situation: For this factor, not just present status is considered, the past records of
financial stability holds lot of value in deciding the eligibility for home loan. It is a key to
success in all fields if you have good financial records, this can decide the interest rate
percentage, loan amount and tenure when applying for loan.
Documents Required for home loan
Complete Home Loan Application Form with one passport size photograph.
Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
Residence Ownership Proof: Sale deed or rental agreement
Income Proof: salary slip, bank statement and Form 16
Job Continuity Proof: Appointment letter at employment and validation letter from HR
Bank Statement: Past 6 months’ document
Property Documents: Sale deed, Katha, transfer of ownership
Advance Processing Cheque: A cancelled cheque for validation of bank account
Investment Proof: LIC, mutual funds, property document etc.
Financial Documents:
a. For Salaried Individual: 3 month salary slip, Form 16 and bank statement
b. For Self-Employed Individual: IT returns for last 2 years along with computation of income
tax for past 2 years certified by a Chartered accountant
c. For Self-Employed Non- Professionals: IT returns for last 3 years along with computation of
income tax for past 2 years certified by a Chartered accountant
FORM -A (PERSONAL DETAILS)
ASSIGNMENT 6 2
APPLICANT CO – APPLICANT GUARANTOR
Name Gender
M F T*
*Transgender
Salutation Mr Mrs Ms Dr. Other Date of Birth --
Marital Status Married Unmarried Other Name of Spouse
Attach your recent passport size
No. of Children Name of Father
No. of Dependents
photograph here
Mother’s Maiden Name Category SC ST OBC
General
Residential Status
Nationality Resident NRI / PIO Religion
Photo Identification (ID) : Type
Place of Birth
Photo Identification (ID): Number Photo ID: Valid Upto --
-
Driving Licence No. Driving Licence Valid Upto --
Please sign here
PAN No./GIR No. Passport No
Passport Valid Upto --
Highest Qualification Attained Qualifying Year
Present Address: Staying at the present address for the past _______ Years and _____Months. Type of Residence Owned Rented
Allotted by employer Other
House /Flat / Apartment No. or Name
ASSIGNMENT 6 3
Street Name & No. and Area/Location
Landmark
City District
Pin Code
State Country
Telephone (Landline) Mobile (Primary) Mobile
(Secondary)
Email (Personal)
Permanent Address: Is permanent address same as present address ? Yes No (To be filled if permanent address is different from present
address)
House /Flat / Apartment No. or Name
Street Name & No. and Area/Location
Landmark
City District
Pin Code
State Country
Telephone (Landline 1) Telephone (Landline 2)
Office / Business Address:
Office / Business Address
ASSIGNMENT 6 4
Name of Org/Employer, Dept, & Floor
Street Name & No. and Area/Location
Landmark
City District
Pin Code
State Country
Telephone (Landline) Fax Mobile (Secondary)
Email (Organizational)
Repayment Mode Check-off ECS (Electronic Clearing System) PDCs (Post Dated Cheques) SI (Standing
Instruction) Others
Relationship with the Bank Less than 1 year 1 – 3 years More than 3 years
References (Names and addresses of two referees who are not related to you):
State Bank of India Name:
Name: may
make enquiries Address:
Address: from
the referees if it
deems necessary.
Email: Email: Tel:
Mob: Tel: Mob:
ASSIGNMENT 6 5
Salaried Individual
Nature of Occupation Salaried Businessmen / Self Employed Professional Pensioner
Employer Name Employment Status Regular On-Probation Contractual
Total Experience Yrs Months Years in Present Job Yrs Months Years in Previous Job (If Applicable) Yrs Months
Previous Employer’s Name Contact Number
Previous Employer’s Address Current Industry
Organization Type Public Sector Unit Listed Private Company Unlisted Private Company MNC Central/State Government Local Civic Body
Department Designation
Employee No. Remaining Service Yrs Months
Businessman/Self Businessmen / Self Employed Professional
Employed
Nature of Business Manufacturing Company Services Company Trading Company Trading Firm Other__________________________________
Business Name Industry
Trade License No. Trade License Issue Date -- Share holding (%)
Type of Ownership Single Joint No. of Partners
Other Details Other Details
Employer / Corporate Website
Name of POA Holder (If any)
ASSIGNMENT 6 6
Income / Financial Income / Financial Details
Details
Income Details Income Head Gross Income Net Income Frequency How are you paid ?
Obligation / Deduction Details Obligation Head Gross Obligations Net Obligations Frequency Remarks
Existing Loans (If Any)
Bank / Financer Type of Loan EMI Tenure of the Loan No. of EMIs Paid Outstanding Balance
Bank Accounts Held
Bank Name Branch Account Type Account Number Account held for (Years)
Credit Cards
Card Number Issuer Name Primary /Supplementary Outstanding Balance Remarks
Fixed Deposits
FD Number Amount Rate Maturity Date(dd/mm/yyyy) Bank Name
Other Current Assets (Bonds,
Shares, Mutual Fund, Other
Investments, Precious metals / Gold /
Jewelry , Immovable Property etc)
Asset Type Asset Description Asset No. Asset Value Remarks
ASSIGNMENT 6 7
ASSIGNMENT 6 8
