Housing Loan

Purpose

:

» Purchase/Construction of House/Banglow
» Repairs of Flat/row House/Banglow

Loan Amount

:

» 1) @ 85% of the estimated amount for purchase
» 2) @ 75% of the estimated amount for repairing

Guarantor

:

» Two (Creditworthy Guarantor's)

Membership

:

» Yes, @ 2.5 % of Loan Amount share holding

Margin

:

» 15% Purchase Cost
» 25% Repairing Cost

Security

:

» Registered Mortgage of the said Property
» Additional Collateral Security (if required)

Documents

:

» Search & Title Report / Property Documents
» Purchase Deed / D/A, P/A, N/A Order of Builder
» Commencement Certificate
» Sanctioned Plan Copy (True copy)
» Builder / Society NOC
» Estimate (in case of construction)
» Original copy of Agreement to Sale
» Latest Income Proof of Applicant & Guarantor’s, search title, valuation
• In case of Businessman- Last three I T returns with audited Financial Statement.
  Bank Track Record last year
• In case of Salary Earner – Last three months Salary Certificate and
  one years Salary a/c statement.
» ID & RD Proof's documents of Applicant & Guarantor's
» Aadhar Card
» PAN Card

Pre-closure

:

» No Pre-closure Charges

Loan Processing Fee

:

» As Applicable (Service Charges)