Housing Loan
Every person yearns to own a home at some point in life. You will need your own home to support a family or have a robust real estate investment. We offer Home Loans and Home Construction Loans or Construction Loans, as they are popularly known, to fulfill this dream with simple documentation and flexible repayment schemes. Both the loans come in handy when you plan for a residential property.
Features
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Loan Limit: is maximum Upto Rs. 70.00 Lacs. |
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Repayment Period :20 Yrs |
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No Pre-payment Penalty. |
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4. |
Rate of Interest : 12% |
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Service Charges : are Applicable from time to time. |
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6. |
Margin : 25% |
Eligibility
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1. |
For Salaried Persons : |
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i. Employees of reputed and financially sound organization. |
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ii. Minimum Gross take home salary of INR.15,000/- per month and Confirmed service for at least one year. |
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For businessmen & Professionals : |
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Business should have establishment of minimum of three years. |
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Co-Applicant : |
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Co-Owners of dwelling unit must be taken as Co-applicant. |
Documents required
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1. |
Duly filled form with : |
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i. Income Proof of Applicant(s) & Guarantor(s) |
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ii. Residential Proof of Applicant(s) & Guarantor(s) |
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iii. PAN Card of Applicant(s) & Guarantor(s) |
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iv. KYC of Applicant(s) & Guarantor(s) |
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Prime Security : Dwelling Unit/s under construction/ready possession to be purchased. |
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Two Acceptable Guarantors and Security holders to be also taken as guarantors. |
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4. |
Other Charges : One Upfront EMI, Franking Charges, CERSAI, Filing Mortgage, Insurance of property,Legal charges etc.(Valuation, Sanction Confirmation if applicable) |
