House Loan

Housing Loan upto Rs.25/lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house as per bank policy.

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.

  • The copies of documents,such as share certificate,allotment-letter,saledeed,revenue records.
  • Copy of authorised building plan & Letter Of Permission.
  • 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 & Certificate of Society.
  • 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-2 copies
  • Address proof – electric bill /telephone bill (Any one), two month old
  • ID proof – Voter card / Driving license/Aadhar card (Any one)

Conditions:

  • Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.
  • Valuation of the property will be required for revenue record property. Bank will give loan of 70% of valuation amount.
  • Bank will give loan if property is having N.O.C
  • Applicant will have to take insurance of the building in favour of bank.
  • Loan amount with interest will be repaid within 84 to 120 equal monthly installments.
  • 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.
  • Valuation of the Property will be done by approved by bank valuer.
  • The applicant has to provide two guarantors.
  • Applicant has to take share @2.50% of the sanctioned amount.
  • Processing charges of 0.50% will be levied on sanction & other changes will be as per bank norms.