Home Loan

 

Title Norms
Name of  Scheme
  1. Home Loan Scheme (only Mahila Member).
Amount  of  Loan
  1. Up to Rs.1.5 Cr.
Type of Loan
  1. Term Loan.
                                       Rate of Interest
  1. 8.5%  p.a 
Period of Loan
  1. Upto 20 years.
 Margin
  1. 30% To 40% from own source on sale deed amount .
Guarantor
  1. One spouse/family member and second well worthy Guarantors.
Security Deposit
Mortgage
  1. Registered mortgage before disbursement of loan.
Security
  1. Registered mortgage of property to be purchased by the Borrower.
Documentation
  1. Duly filled prescribed application form.
  2. Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor.
  3. Income proof a) or b) as applicable.
  1. Salaried person : salary slips for last 3 months or ITR/Form 16 for last 2 years and bank account statement.
  2. Businessman/Professional/self employed: last three years audited profit & loss account and balance sheet, ITR with computation of income for last 3 years and Bank account statement for last 3 months. Documents for creating Mortgage as per list provided by bank.