Mortgage interest levels and costs by sort of home

Mortgage interest levels and costs by sort of home

Interest levels, LTV and fee that is processing vary by kind of home. The table that is following the important thing terms of varied kinds of home loan provides by variety of home.

Sort of properties and conditions Industrial Property Commercial Property household Property
interest 10.85percent – 13.35% 9.50% – 15.15% 8.70% – 15.15%
Loan to value (LTV) 40% – 65% 40% – 75% 40% – 75%
Processing charge 0.20% – 1.00% 0.20percent – 2.00% 0.20percent – 2.00%
earnings Proof for Salaried half a year payslip, ITR of final a couple of years, 24 months Form 16, half a year bank declaration salary that is showing half a year payslip, ITR of final two years, a couple of years Form 16, half a year bank declaration showing wage credit half a year payslip, ITR of last a couple of years, two years Form 16, six months bank declaration showing wage credit
earnings proof for Self employed ITR of final 36 months, VAT/ solution tax enrollment, company target evidence, monetary statements certified by CA, content of partnership deed and proof company presence and business profile ITR of final 36 months, VAT/ solution tax enrollment, company target evidence, economic statements certified by CA, content of partnership deed and evidence of company presence and business profile ITR of final 36 months, VAT/ solution taxation registration, company target evidence, economic statements certified by CA, content of partnership deed and evidence of company presence and company profile
FOIR 0.65 0.65 0.55 – 0.65
CIBIL 650 and more 650 and much more 650 and much more

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