Housing Loan

Housing Loan Policy for the year 2022-23

  • Loan Facility is Available for House purchase, Plot Construction and Repairing purposes.
  • Maximum Loan Limit Rs. 70 Lakh for House purchase and construction
  • Maximum Loan Limit Rs. 5 Lakh for House Repair
  • Repayment period Maximum 180 months on EMI basis.
  • Moratorium period available for House Construction Maximum 18 months

No Of Guarantors

  • Two people and one of which Salary earner.

Security

  • Register mortgage of Plot/House.

Interest Rate

  • Up to 140 lac is 9.75%
  • Note : (1% percent rebate will be available after regular repayment)

Documents

  • 1. 2 Photos of the applicant and all the guarantors.
  • 2. Full KYC with PAN card signature of applicant and guarantor
  • 3.Updated business license
  • 4.valuation and search report of immovable mortgage and mortgaged property
  • 5. Applicant's Tax Advisor / CA Certified / Audited Financial Statement / Form No. 16 for last three years
  • 6. Notarized certificate of bank in that place / area or notarized declaration regarding own loan.
  • 7. Property extracts of applicant and guarantor, copy of plot to be constructed, construction permit
  • 8. estimate as per standard construction rates, approved construction plan
  • 9. NA, layout certificate, original purchase letter, CIBIL report of individual and firm, guarantor Financial statements, tax returns or income certificates one years.