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.
- Register mortgage of Plot/House.
- Up to 140 lac is 9.75%
- Note : (1% percent rebate will be available after regular repayment)
- 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.