Indian Overseas Bank Housing Loans - Subha Gruha

Documents required

1. An application form
2. Salary certificate as a proof of income (for employed individuals)
3. Proof of income (for professionals, business people etc.)
4. Agreement for sale of house/flat
5. Proof of membership (for co-operative societies etc.)
6. Proof for experience in the line of activity (for professionals, business people etc.)
7. Estimates for Construction/Valuation Report for Acquisition/Legal opinion on the Property from Bank approved Engineer/Lawyer

Eligibility

1. Groups of individuals
2. Members of Co-operative Societies
3. Individuals not more than 55 years of age

For salaried individual
*A permanent job with a minimum of 2 or 3 years service

For self-employed professional
*A minimum period of three years of activity in the related field