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