We know how special it feels own a house. Realize this dream through our housing loan scheme.
Construction, Purchase, Renovation of a house/flat
Loan for purchase of plot for construction of house
Takeover of housing loans from other banks
Who Can Borrow
Individuals (Salaried employees/businessmen) in the age group of 21-55 yrs
Maximum of Rs.140 lacs
Maximum of Rs. 5 lacs for repairs/ renovation of house
Where loan is taken for purchase of plot and construction of house thereon the cost of land shall not exceed 60% of the total cost of project
15% of cost of construction or cost of flat(including stamp duty & registration) 10% of cost of repairs / renovation
Maximum 20 years(including gestation period )
Rate Of Interest
The rate of interest as decided by the bank from time to time would be applicable
Mortgage of residential property (house/flat) or any other security as per bank’s policy
Two guarantors whose net-worth is acceptable to the bank.
0.5% of the loan amount + GST (subject to a minimum of Rs.1,000/-)
Other legal and documentation charges on actual basis.
1.5% of the loan amount.
Photograph, PAN, KYC documents of borrower and guarantor
Income Proof (a) In case of salaried persons, salary slip for last three months, bank statement for last six months, ITR for three years and a certificate from the employer that no disciplinary action is pending against the employee. (b) In case of businessman, Balance Sheet of last three years, ITR of last three years, Bank statement of business a/c for last six months.
Relevant documents related to the property being purchased or constructed like Title Deed, mutation copy, sanctioned map , agreement to sell etc as applicable)