|
|
| For Purchase of Dwelling Unit i.e. Flat, Row House, Bungalow under construction or Ready possession, first sale or resale. |
| Housing Loans upto Rs. 70.00 Lacs for Buying a new house and housing mortgage loan upto Rs. 40.00 Lacs for Renovating Existing house. |
| 1. |
Loan Limit : is maximum Upto Rs. 70.00 Lacs. |
| 2. |
Repayment Period :20 Yrs |
| 3. |
No Pre-payment Penalty. |
| 4. |
Rate of Interest : Up to 35 Lacs 8.50% , Above 35 Lacs 9.00% |
| 4.1 |
Rate of Interest (House Repairing) : 10.50% |
| 4.2 |
Rate of Interest (Staff Housing) : 7% |
| 5. |
Service Charges : are Applicable from time to time. |
| 6. |
Margin : 25% |
| 1. |
For Salaried Persons : |
| |
i. Employees of reputed and financially sound organization. |
| |
ii. Minimum Gross take home salary of INR.15,000/- per month and Confirmed service for at least one year. |
| 2. |
For businessmen & Professionals : |
| |
Business should have establishment of minimum of three years. |
| 3. |
Co-Applicant : |
| |
Co-Owners of dwelling unit must be taken as Co-applicant.
Spouse /parents of the applicant other than Co-owners can be taken as Co-applicant. |
| 1. |
Duly filled form with : |
| |
i. Income Proof of Applicant(s) & Guarantor(s) |
| |
ii. Residential Proof of Applicant(s) & Guarantor(s) |
| |
iii. PAN Card of Applicant(s) & Guarantor(s) |
| |
iv. KYC of Applicant(s) & Guarantor(s) |
| 2. |
Prime Security : Dwelling Unit/s under construction/ready possession to be purchased. |
| 3. |
Two Acceptable Guarantors and Security holders to be also taken as guarantors. |
| 4. |
Other Charges : One Upfront EMI, Franking Charges, CERSAI, Filing Mortgage, Insurance of property,Legal charges etc.(Valuation, Sanction Confirmation if applicable) |
|
| |
|
