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For purchase of built
house/flat.
-
For Construction of
house on land already purchased.
-
For Purchase of Land
and construction of house their on.
-
For Purchase of
Land/House through auction by government body such as Development
Authorities, Housing Board and Municipal Bodies.
-
For Purchase House in
self-financing schemes/Outright Purchase Schemes.
-
For takeover from
other banks outstanding home loan
Quantum of Loan :
-
With Home loan,
you can get a home loan suited to your needs. The loan amount depends on
your repayment capability and is restricted to a maximum of 75% of the
cost of the property or the cost of construction as applicable. In case
of takeover maximum amount is 100% outstanding balance. Repayment
capacity takes into consideration parameters such as income, age, number
of dependants, spouse's/Son’s/Daughter in-law’s income, assets,
liabilities, stability, continuity of occupation and savings history
etc.
Rate of Interest :
-
Fixed rate of
Interest:
-
Pre-closure charges
@1% of the outstanding loan balance.
Repayment Period :
-
Maximum 20 years
subject to restriction of age of borrower/date of retirement
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Documents required
along with duly completed Application Form.
Borrower related
document :
-
Photograph - 3
-
Photo Identity
Proof/Age Proof
-
Signature
Verification Proof
-
Residence
Address Proof.
-
Income Proof –
Last three month’s Salary Slip/Copy of Form 16 in case salaried
persons.
-
Copy of last
three year’s income tax return along with computation of total
income duly by a CA.
-
Nominal Member
Application along with nominal member fee as per bank’s norms.
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Bank Statement
for last six months of relevant account
-
Repayment
Track record of existing loans / Loan closure letter
-
Processing Fee
-
KYC documents
of borrower(s) as well as Guarantor(s) - PAN Card, Aadhar Card,
Election Id Card, Photo Debit Card, Arms License, Ration Card of
the Applicant, Freedom Fighter Pass, Employer Identity Card, etc
with the condition that it must contain Name, Photograph and
Signature of holder.
-
Advance EMI
cheque(s)
Property related
document :
-
Copy of title
documents viz. Sale Agreement, Registry, Allotment Letter/Lease
deed
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Non-encumbrance certificate.
-
Valuation of
the property or letter of demand.
-
Approved site
plan if applicable.
Loan Documentation
:
-
Loan Agreement
on stamp paper as per bank's norms.
-
Guarantee deed
on stamp paper as per bank's norms.
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Power of
attorney on stamp paper as per bank's norms.
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Memorandum of
deposit of title deeds.
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Demand & time
Promissory notes.
-
Letter of
continuity.
-
Usance
Certificate.
-
Letter of
undertaking in the prescribed format.
-
Fixed Deposit
receipt as per bank's norms.
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