Home Loan

• Purpose: For purchase or construction of House/ Flat/ Row-house / Bunglow etc

• Maximum amount: 80% of Agreement Value or Market/ Govt. value or Rs.1 Crore whichever is lower

• Eligibility: Salaried Person-Employee of reputed organization with confirmed service record/ Business- Sole Proprietor/ Partner/ Director/ Professional/ Self employed person etc

• Margin: 20%

• Membership: Regular Member of Bank or become Member of the bank

• Period: Maximum 240 months subject to residual period of employment/ for business applicant upto 65 years of age

• Guarantors: Minimum two sureties and the maximum depends on merit of the proposal

• Security: Registered/ Equitable Mortgage of immovable property

• Interest Rate: As per Bank Policy

• Service Charges: One time as per Bank's policy

• Documents Required: Self certified KYC documents, Current Banker's Statement for last one year, Original Pay slips for last consecutive three months/Salary Certificate, Form No-16 and/or IT Returns with computation of income and Financial statements for last three consecutive years

• In case of Business IT Returns are compulsory along with other necessary documents Agreement to Sale/ Sale Deed, Chain of Agreements, NOC from builder / Hsg.Society / Govt. Corporation like CIDCO / HUDCO / MHADA etc