What are the different types of loans available?
ABN AMRO offers other Home Loan products that can provide additional benefits to your Home.
Home Loan (Construction or Purchase)
Residential Home Equity (Loan Against Property ~ Residential)
Commercial Property Loan (Construction or Purchase)
Commercial Equity (Loan Against Property ~ Commercial)
Secured Overdraft (Commercial + Residential)

ABN AMRO Renovation Loan - After securing your home, you may want to transform it into your very own abode. Maybe you will like your kitchen and bathrooms to have designer fixtures or your living room to be painted in a vibrant colour. You can now actualise your dream by taking an ABN AMRO Renovation Loan. You can take a Renovation Loan upto 100% of the cost estimate subject to 30% of the market value of the property.

ABN AMRO Home Extension Loan - You have secured a Home and now your family needs more space for living, your growing children want separate rooms. You and your family can realise your dream by taking an ABN AMRO Home Extension Loan. You can take upto 85% of the cost estimate subject to 80% of the market value of the property.

ABN AMRO Top-up Loan - After taking a ABN AMRO Home Loan, you can further cement relationship by taking a top-up loan for other financial needs like marriage, education etc, against the same property.

What´s more, if you are currently having an existing mortgage loan with another financier, speak to our loan counsellors at Bank Branches to find how you much savings you can enjoy by switching over to ABN AMRO Home Loan.

ABN AMRO Offers Loan against Residential and commercial Properties - Tap the financial potential of your home. Use the low cost funding option for your business, higher education, medical expenses or wedding in the family In fact, the loan can be used for any legitimate purpose.

Secured Overdraft is an overdraft facility against your real estate, residential or commercial. Home Equity Overdraft provides you unbelievable savings and unmatched flexibility. As you pay Interest only on the funds you withdraw. Spend more and save more with flexible slab-based interest plans and enjoy convenience, with only 1% of spends as minimum amount due every month or 5000 Rs, which ever is lesser.

When can I apply for a home loan from ABN AMRO?
You can get a home loan sanctioned from ABN AMRO if you have just decided to acquire a Home in the near future, i.e. even before selecting a home.

What is the current FLOATING RATE?
Mortgages Floating Reference Rate (MFRR)* = 11.75%

Home Prime Lending Rate (HPLR)** = 12.75%

*ABN AMRO´s Mortgages Floating Reference Rate (MFRR). The reset dates are - 1st January, 1st April, 1st July and 1st Oct of each Calendar Year.

**ABN AMRO´s Home Prime Lending Rate (HPLR). The reset dates are - 1st January and 1st July of each Calendar Year.

What tax benefits do I enjoy on housing loans?
Tax benefits are available on the principal and interest components of a housing loan as per the Income Tax Act, 1961. As the benefits could vary each year, please check out the current benefits available.

What documents are required to get a home loan sanctioned
An indicative list is given below.
Common Documents for All Categories of customers:
Passport size photographs of all applicants.
Age verification proof (copy of passport, birth certificate, driving license, school leaving certificate).
Bank statements for the last six months. (Salary account for employed and main account for self      employed.)

Income documents are as follows:
For Salaried
Latest Salary Certificate/ Last 2 months Salary Slips showing all deductions from employer.
Latest Form No.16.
Appointment/ Latest increment letter from employer for annual benefits.

For Self- employed individuals
Income Tax returns for the last 2 years duly Certified by a Chartered Accountant
Balance Sheets and Profit & Loss Account of the business/ profession and individual for the last 2      years duly certified by a Chartered Accountant.(Form 16A also required for Consultants)
Memorandum/ Articles of Association of company, partnership deed for firms and profile of your      company/ firm giving details of organisational structure, clients, suppliers, etc.

Who can be co-applicants?
Proposed owners of the prospective home will necessarily be co-applicants. However, all co-applicants need not be co-owners.

Can I buy the property in my minor child´s name and repay the loan as a gaurdian?
You should not do so as the legal complications involved in transacting such properties is very cumbersome. Banks or housing finance company will not extend a home loan facility on such properties.

How do I get my loan sanctioned?
You are welcome to visit our nearest Branch or just call us and our counsellors will assist you through the process. We can also visit you at residence or office

How long will it take for my loan to be processed ?
ABN AMRO Bank shall use its best endeavour to inform you about the decision status of your loan application, usually within 4 days from the date all documents/ information, as required by the Bank, from time to time, is furnished by you to the Bank.