Housing Loan upto Rs.20/lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house.

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.

♦   If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.

♦   Copy of authorised building plan.

♦   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.

♦   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)

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Guarantor Details

♦   Photograph-two copies

♦   Last tax bill

♦   Last income tax return copy

♦   Address proof – electric bill /telephone bill (any one) As per KYC norms

♦   Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms

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Conditions

♦   Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society’s book.

♦   Valuation of the property will be required for old property. Bank will give loan of 60% of valuation amount.(for old property)and new property bank will give loan of 80%.

♦   Bank will give loan if property is having N.A.N.O.C and BU permission.

♦   Applicant will have to take insurance of the building in favour of bank.

♦   Loan amount with interest will be repaid within 120 / 180 equal monthly instalments.

♦   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.

♦   Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.

♦   Applicant has to take share 2.5% of the limit.

♦   ​​​​​​​No Processing charges for sanction loan.