When you desire to live a life without limits, a top up on your loan amount is just what you need! At Sundaram Home, we offer you a Top Up Loan on your existing Home Loan which could help meet your personal commitments, holidays, gifts or any contingencies.
- Take Over Loans
- Home Loans
- Plot Loans
- Home Improvement Loans
- Home Extension Loans
Features
Primary Applicant
Age: 18-65 YEARS
Nationality: INDIAN
Professional: SALARIED / SELF EMPLOYED
Gender: ALL GENDERS
Co-applicant
- Adding co-applicant helps in maximizing the loan amount.
- Co-applicant can be spouse or close family members.
- Attractive interest rate for women co-owners.
- All co-owners of the property ought to be co-applicants.
Proof of identity and address
- Aadhaar Card
- Driving Licence
- PAN Card (Mandatory)
- Passport
- Voter ID Card
- Bank Passbook with photo
- Photo Credit Card
- Any other Photo ID (subject to the satisfaction of the Company)
Proof of Income
- SALARIED
- Last 6 months' Salary Slips
- Last 6 months' Bank Statements, showing salary credits
- Latest Form-16 and IT returns SELF EMPLOYED
- Last 12 months' GST Returns
- Last 6 months' Bank Statements
- Last 3 years' IT returns
Property related documents
Constructing your house on your plot of land
- Original registered title deed in your favour
- Parent document copies * linking the chain of transactions over the past 15 years
- Encumbrance certificate for a minimum 13 years or (for prior period) @
- Original plan approved from the Competent Authority &Lay out Approved Plan
- Patta in your name
- Original Estimation
* If the parent deed is prior 13 years and covers the same extent of property currently owned then such original prior / parent deed is also required.
@ If the parent deed is prior 13 years covers the same extent of property currently owned then the EC from the date of the said Original purchase/acquiring of the property is required.
Purchasing a Flat from Builder
- Original registered sale deed for undivided share in favour of the customer
- Original sale and construction agreement (To be registered if applicable) in favour of the customer
- Original stamped receipt for the payments made by the customer to the builder (i.e. = Total property cost - Home loan amount)
- Encumbrance certificate for a minimum 13 years or for prior period if applicable
- Parent document copies for a minimum 13 years or for prior period of documents if applicable
- Permission of Mortgage Letter by the builder in favour of Sundaram Home's format
- Copy of approved plan and floor plan
- Handing over of possession of flat
- Completion certificate from builder
Buying a house on a resale basis
- Original sale agreement between the seller & the customer
- Original sale deed in favour of the seller
- Parent documents * for a minimum 13 years *
- Encumbrance Certificate for a minimum 13 years @
- Patta and house tax receipt/ EB receipt (latest)
- Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
- Copy of approved Building plan & Lay out Approved Plan
- Draft sale deed
- Evidence of handing over of possession by the seller
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
Buying a flat on a resale basis
- Original sale agreement between the seller & customer
- Original sale deed in favour of the seller
- Original construction agreement in favour of the seller
- Original stamped receipts given by the builder favouring the seller
- Parent documents * for a minimum 13 years *
- Encumbrance Certificate for a minimum 13 years @
- Latest property tax / EB/ Water & Sewerage receipt in favouring the seller
- Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
- Copy of approved plan and floor plan
- Evidence of handing over of possession by the seller
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
THE POWEER OF ATTORNEY FORMAT USED IN CASE
When power of attorney is executed in India
- Attorney should be a resident of India
- Power of attorney is to be executed on a non-judicial stamp paper of Rs.100/- (State of Tamil Nadu)
- The executant should execute in each page of the Power of Attorney and wherever the blanks relevant details are to be duly filled in.
- A Judicial Magistrate or a Notary Public should ATTEST the signature of the executant.
In case of non-residents, if the power of attorney is being executed outside India
- The attorney should preferably be a resident of India
- The power of attorney should be executed on a plain paper as the case may be as applicable in the country in which the power of attorney is executed.
- Any authorised official of the Indian Embassy/Consulate/Trade commissioner / Notary in the country where the executant resides should attest the signature of the executant.
- The Power of attorney after being received in India, should be duly adjudicated / validated in the Concerned District Registrar, in India.
Power of attorney - Format :
FAQs
When can I apply for a top up loan?+
You can apply for a top up loan after 12 months' of the final disbursem*nt of your existing home loan and upon possession / completion of the existing financed property.
What is the maximum term for which I can avail a top up loan?+
You can avail a top up loan for a maximum term of 15 years or till your age of retirement, whichever is lower.
What are the securities I needed to avail a top up loan?+
Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.
Can I avail a top loan in addition to a take over loan from Sundaram Home?+
Yes, you can avail an additional top up loan along with take over Loan.
What are the documents required for a top up loan ?+
You can find a checklist regarding documents required on Link to document section