On your demand I will let you know information about Indian Bank, IB Home Loan and will also tell you documents requirement.

Eligibility
All existing Home Loan customers who have repaid a minimum of 36 EMI’s regularly. NRIs and Staff Members of our Bank including retired staff members may also be considered by the sanctioning authority.

Margin
LTV Ratio of 90% or 80% as the case may be to be maintained for home loan outstanding and 30% margin on the residual value of the House Property to be maintained for the top up loan

Amount of Loan
Minimum amount – Rs. 1.00 lakh. Maximum amount – Rs. 10.00 lakhs

Security
Extension of EM on the house property
{Registration of extension of EM wherever it is mandatory}
CERSAI registration (at Applicant’s cost) to be done
(i) For Loans up to Rs 5 Lakhs - Rs 50 + ST
(II) For Loans above Rs 5 Lakhs – Rs 100 + ST

Documents required
1. Request letter

2. Up to date EC and tax paid receipt from the competent authority

3. Valuation Report from Panel Engineer

4. Letter of authorization for recovery of EMI.

Address:-
Indian Bank
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Phone:-
044 28134300

Submitted documents for the application process: -
Application form completed with passport size photograph.
2. Certificate of identity as a PAN Card / Voter ID / Passport / Driving license.
3. Proof of residence as recent telephone bill / electricity bill / property tax receipt / passport / voter ID
Business address providers in the case of entrepreneurs/entrepreneurs.
5. Proof of employment.
6. Salary Certificate.
7. Other income proof such as rental, interest on investment, if any.
8. The balance sheet for the last three financial year for Professionals, Business & Self Employment.
9. Income Tax / Wealth Tax (if applicable) Returns over the last 3 years
10. Agreement on sale/sale agreement.
11. Approved Building Plan.
30 Year Title Deed Documents.
13. Title Proof in Revenue Records. (The attorney's attorney from the attorney & the valuable advisory opinion of the bank will be set up at the cost of the applicant)