Housing Loan

• Purpose :
  Construction/purchase of house/ flat by individual/ purchase of plot and future construction thereon old flat not more than 20 years
  For takeover of housing loans from other banks/institutions
• Eligibility :
  I. Salaried Employees / Businessmen having regular source of income.
• Loan Amount :
  Maximum upto 140.00 lacs
• Margin :
  Ranging from 15% to 40%
• Repayment :
  Maximum 20 years (moratorium period also available)
• Rate of Interest :
  Starting from 8.5%
• Security :
  Registered Mortgage of house property
• Guarantee :
  One competent guarantors acceptable to bank.
• Processing Charges :
  upto 35.00 lac- 5000 /- + GST & 10,000/-
  35.00-70.00-7500/- +GST & 15000/-
  Above 70.00- 10,000/- + GST & 20,000/-
• No Prepayment Charges :
  
• Documents Required :
  I. KYC of applicant, coapplicant and guarantor.
  II. In case of salaried person, salary slip for last 3 months and bank statement for last 6 months,
  III. In case of businessman, last 3 years profit & loss, balancesheet, ITR copies of last 3 years and bank statement 6 months
  IV. All property papers as per legal opinion.