| Who can Apply |
Any individual. |
| What should be the purpose? |
For purchasing a dwelling house/flat for self occupation |
| What is income criteria ? |
- salaried person:
- Prof & self-employed :
- Businessman (proprietor) :Net profit
- Businessman ( partner) :
|
| Age criteria |
Min age : 18 |
| How much loan can be granted ? |
Maximum upto Rs.140.00 lakhs |
| What is rate of interest ? |
| Sr. No. |
Loan Amount |
ROI |
Period |
| 1 |
Upto 50 Lakhs |
8.50% p.a. |
Upto 120 Months |
| 2 |
More than 35.00 Lakhas to Rs. 140.00 lakhs |
9.00% |
Upto 120 Months. |
| 3 |
More than 35.00 Lakhs to Rs. 140.00 lakhs |
9.00% p.a. |
Above 120 Months and upto 240 Months. |
| 4 |
More than 35.00 Lakhs to Rs. 140.00 lakhs |
9.50% p.a. |
Above 120 Months and upto 240 Months. |
|
| What will be the share linkage |
1% of loan sanctioned |
| What will be the repayment period? |
Up to 120 Months depending upon age & repayment capacity. ( Revised )
|
| What will be the securities? |
Prime: Registered mortgage of the property financed |
| What about guarantors? |
Two guarantor acceptable to Bank |
| How to apply? |
Documents to be furnished as under ( Revised )
- Application in prescribed format
- Photographs
- PAN CARD (Mandatory)
- CIBIL Report for Borrowers & Guarantors
- Address proof :Passport /telephone/electricity bill, Ration card/ Voter identity card (Any one)
- Identity proof:Passport/Voter identity card/ PAN Card / Driving License / Adhar Card (Any one).
- Income proof :-
For Salaried Person:-
- Last 3 months’ Salary certificates,
- Last 3 Years Form-16 & IT Return copies
- 1 year Latest Bank Statement (Salary A/C)
For professional & self-employed &Businessmen :-
- Copies of audited Profit & Loss A/c & Balance sheet of last 3 years
- T. Return copies for last 3 years,
- 1 year latest Bank Statement
- Copy of Original registered Agreement for Sale with chain of documents, if any.
- Search report/ valuation report /Title Clear Certificate.
- NOC from Builder/Society/ Apartment/Mhada/ CIDCO.
- Original share certificate
- Pre sanction visit report to residence, work place& property offered as security.
- Demand letter from Builder to be obtained.
- Documentary Evidence of Margin Money Payment
|
| What about insurance ? . |
Property shall be fully insured with Bank clause |
| How disbursement will be made? |
Disbursement Amount will be credited to seller/builder’s A/c by way of RTGS/NEFT/Pay Order . |
| Margin |
10% of Agreement Value |
