Bank Loans
TTM Foundation has exclusive arrangements with Banks/Financial institutions to provide Loans for plots and houses. Loans from Banks/Financial institutions can be arranged with minimum involvement on your part (subject to the conditions put forth by the financial institutions). Pre-approval of our projects by leading Banks/Financial institutions makes the process a whole lot easier. Maximum loan amount with long term easy installments can be arranged for both NRIs people who reside in India.
Loan Amount

The actual amount you can borrow from the Bank/Financial institution will depend on your age and your net monthly income. Approximately 50 - 65 times net monthly income can be availed as Loan. Sanction for loans will be granted only on approval of the eligibility of the applicant to repay the loan.

Repayments

Banks provide options for repayment of your Loan based on the age and the tenure of the loan you wish to avail. The tenure ranges from 2 to 15 years.
Indian citizens
Non Resident Indians (NRI)
Documents required

Following are a list of documents required by Banks / Finance Institutions for sanctioning loan amount. Please note that this list is only indicative and there may be variations/additions for each organization.

1) Latest 3 months pay slips
2) Latest 6 months Bank statement till date and month entry, Salary A/c & Savings A/c
3) Latest 3 years Form 16
4) Latest Salary increment Letter
5) If you are employed below 2 years in the present company Appointment letter with C T C, Previous Company reliving order (3 years work experience proof)
6) Passport copy
7) PAN card copy (front side page & back side page - Take Xerox on separate papers)
8) Copy of Voters ID
9) Copy of Ration card
10) Marriage certificate or Children's Birth certificate
11) Latest Telephone or Mobile Bill
12) Latest Passport size colour Photo of Applicant & Co-applicant (each 1)
13) 1 Cheque leaf of Salary A/c
14) Proof of Educational Qualification
Loan eligibility for NRIs

Eligibility of the NRI will be considered based on the documents submitted by the applicant. They should include the following:

1) Latest 6 months pay slips.
2) 6 months bank statements in Chennai - NRE or NRO showing inward remittances.
3) 6 months bank statements where the salary is getting credited. (Salary A/C Statements)
4) Appointment order from the present company.
5) Employment Proof for the last 3 years.
6) Passport copy and visa copy/ Work permit and Deputation Letter from the company.
7) Address proof in Chennai and in the place you are in.
8) 2 Photos of the applicant.
9) POA (Power Of Attorney) to be in Chennai.
10) POA should be attested in Indian Embassy or Notary.*
11) 2 Passport size Photograph - Colour (POA)
12) Age/ID/Signature/ Residence Proof of POA
13) W2 Form
14) Credit Score Report
15) Resume
16) For people residing in USA, UK & Singapore, a credit bureau report is required

If an applicant's spouse is employed and he / she can also provide the documents specified above, then, in case the sanctioned loan amount is not sufficient to purchase the plot, the income of the spouse can also be included to make up for the shortfall.

Bank loans by: