Property Loan

Purpose

In our daily life, we often face financial requirements such as marriage expenses, education, medical emergencies, business needs, tours and travel, and other personal expenses. Dhanvantari Property Loan is an ideal solution to meet these financial needs.

Eligibility

• Indian citizens above 18 years of age owning non-agricultural (residential or commercial) property.
• Well-salaried individuals.
• Individuals applying singly or jointly with father, mother, son, unmarried daughter, 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 120 installments (maximum).
• Flexible repayment methods available.

Rate Of Interest

Interest @ 11 % p.a. and 10 % for Doctors p.a., are being calculated on basis of Reducing Loan amount.

SURETIES / SECURITY

As a security you will have to produce documents which are required. Kindly refer the section of required documents for the property loan.

Insurance

• Property insurance is compulsory.
• The insured value should not be less than the market value of the property.

DOCUMENTS REQUIRED FOR Property Loan

• Completed Property 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 Property Purchase Documents (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.