♦ For construction of own residential accommodation on plot owned by the applicant.
♦ For purchase of ready built / under construction house or flat.
♦ For purchase of existing old house / barrack / flat (on resale basis).
♦ For takeover of existing housing loans from other Banks / Financial institutions
Features
♦ Maximum Loan Limit Rs.140 Lacks, Maximum Repayment 180 months.
♦ No prepayment Penalty
♦ Rate of Interest and Margin is subject to change from time to time.
♦ Documentation Charges as applicable.
Eligibility
♦ Salaried Persons – Employees of reputed and financially sound organization and Minimum take home salary of INR.15,000/- per month and Confirmed service for at least one year. Maximum deduction upto 50% of Salary.
♦ Businessmen & Professionals: Business should have establishment of minimum of two years and for professional with ITR for at least two years.
Required Documents
♦ Duly filled Loan Application Form.
♦ PAN Card of Applicant(s) & Guarantor(s)
♦ KYC of Applicant(s) & Guarantor(s)
♦ Residential Proof of Applicant(s) & Guarantor(s)
♦ Income Proof of Applicant(s) & Guarantor(s)
♦ Two acceptable guarantors with adequate income.
♦ Primary Security: mortgage of house Unit/s under construction/ready possession to be purchased.