Housing Loan

Sr.No. Loan Amount Interest Rate Period Security
1 Upto 25 Lacs 10% to 11% 180 Months Registered equitable mortgage over finance property.
2 Above 25 Lacs  10% to 11% 180 Months Registered equitable mortgage over finance property.
Note:
  • All rates are subject to revision from time to time.

 

Applicant details
  • Copy of Last Three years income tax return / Pay slip of last 3 months.
  • If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.
  • If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.
  • Copy of authorised building plan.
  • Copy of receipt of advanced payment-made/copy of agreement to sale
  • Copy of title clearance certificate given by the advocate/ solicitor.
  • Consent letter from the society about noting of charge of the bank.
  • Three copies of Photograph.
  • Copy of PAN Card
  • Address proof - electric bill /telephone bill (any one)
  • Photo proof - Pan card / Voter card / Driving license (Any one)
Guarantor Details
  • Photograph- two copies
  • Last tax bill
  • Last income tax return copy
  • Address proof - electric bill /telephone bill (any one) As per KYC norms
  • Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
Conditions
  • Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society's record.
  • Margin - 15% for new/old property.(Ready possession)
  • N.A/.N.O.C and BU permission required for sanction of Housing loan.
  • Applicant will have to take insurance of the building in favour of bank.
  • Loan amount with interest will be repaid within 240 equal monthly instalments.
  • Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.
  • Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  • Applicant has to take share @ 2.5% of the limit.
  • Processing charges will be levied on sanction amount as per rules.