Nainital Bank Home Loan

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Eligibility of Nainital Bank Home Loan

1. Resident and non-resident Indians.
2. Registered group housing society and farmers/agriculturists can also avail the loan.
3. Individuals must own land where the proposed house is to be constructed.
4. Have the construction plan duly approved/sanctioned by competent authority.
5. In case the land has joint owners, they shall be co-borrowers of the loan.

Documents Required for Nainital Bank Home Loan

For salaried

1. Identity proof
2. Residential address proof
3. Age proof
4. Last 3 months' salary slips
5. Form 16 or Income Tax Returns
6. Property-related documents

For self-employed

1. Proof of Identity
2. Proof of residential address
3. Age proof
4. Income Tax Returns for the last two years
5. Profit and loss account along with computation of income and balance sheet for the last 2 years certified by a chartered accountant
6. Business continuity proof of at least 3 years
7. Bank statements for the last 6 months

Nainital Bank Home Loan EMI Calculator

Nainital Bank offers you the Home Loan EMI calculator as well in order to calculate the EMI that you would need to pay after the loan is availed. This is beneficial to gauge your repayment capacity without jeopardizing your monthly budget. All you need to do is enter the loan amount that you are looking to avail, the interest rate charged by the bank and the repayment tenure. Doing this will help you in finalizing the amount that you will be paying as EMIs for the home loan.

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