Housing Loan
Home » Housing Loan
Guideline for Loan
Loan Amount

(A) Women borrower :- Upto 70 Lacs -   Interest Rate: 8.40% 

(B) Others :-  Upto 70 Lacs - Interest Rate : 8.50% 

Period Not more than 20 years
Security Registered equitable mortgage over finance property.
  • Housing Loan upto Rs.70/lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house.
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. ( Max. 50000/- )
  • Processing charges - NIL.