Home Loan

Purpose

• Purchase of a new flat or construction of a house.
• Purchase of an existing flat or house.
• Repairs, improvements, or extension of an existing residential property.

Eligibility

• Indian citizens above 18 years of age.
• Individuals applying singly or jointly with family members such as father, mother, son, or spouse having regular sources of income.
• Contact the nearest branch for further details.

Maximum Loan Amount

• Loan available up to Rs. 60 Lakhs.

Repayment

• Repayment period up to 180 installments (maximum).
• Flexible repayment options available.

Rate Of Interest

Interest @ 10 % p.a., are being calculated on basis of Reducing Loan amount.

SURETIES / SECURITY

If the house/ flat proposed to be purchased, is yet to be constructed or is under construction, interim security may be required (till the period of its completion)

INSURANCE

Property insurance is compulsory for the valuation of the property.

DOCUMENTS REQUIRED FOR Home Loan

• Completed Home Loan Application Form.
• Two guarantors (subject to terms and conditions).
• Recent colour photographs.
• Address and identity proof (PAN Card, Aadhaar Card, Ration Card, Voter ID, etc.).
• Introduction by a Director or Staff Member.
• Registration Certificate / Business Proof / Business License.
• Income Tax Returns, Balance Sheet, Profit & Loss Statements for the last three years, Salary Slips, Income Proof, Saral Form, or Form 16.
• Original Purchase Document (Sale Deed / Sale Agreement).
• Sanctioned Building Plan.
• 7/12 Extract, 8-A Extract, City Survey, and Index II (within one month).
• N.A. Order / Approved Plan / Approved Map / Approved Building Plan / Construction License.
• Construction Completion Certificate.
• Valuation Fees, CA Fees, and Advocate Fees (as per terms and conditions).
• Flat Agreement.
• Copy of Deed of Declaration.
• No Objection Certificate (NOC) from Builder or Society.
• Registered Mortgage Deed, Index II, and Boja Nondi Utara.

DOCUMENTS REQUIRED FOR Guarantor

• Recent colour photographs.
• Address and identity proof (PAN Card, Aadhaar Card, Ration Card, Voter ID, etc.).
• Income Tax Returns, Balance Sheet, Profit & Loss Statements for the last three years, Salary Slips, Income Proof, Saral Form, or Form 16.
• Property Card.
• 7/12 Extract.