Housing Loan

Housing Loan upto Rs.70/- lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house.

Applicant Details :

Copy of Last Three years income tax return, Pan Card
If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.
If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.
Copy of authorised building plan.
Copy of receipt of advanced payment-made/copy of agreement to sale
Copy of title clearance cerificate given by the advocate/ solicitor.
Consent letter from the society about noting of charge of the bank.
3 Copies of Photograph
Copy of PAN Card
Address proof – electric bill /telephone bill (any one)
Photo proof – Pan card / Voter card / Driving license (Any one)

Guarantor Details :

Photograph ( 2 Copies )
Last tax bill
Last income tax return copy
Address proof – electric bill /telephone bill (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms

Conditions :

Original documents of property to be submited to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society’s book.
Valuation of the property wil be required for old property. Bank will give loan of 80% of valuation amount. (for old property)
Bank will give loan if property is having N.A.N.O.C and BU permission.
Applicant will have to take insurance of the building in favour of bank.
One guarantor required for loan.
Loan amount with interest will be repaid within 240 equal monthly instalments.
Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Applicant has to take share @2 % of the limit with maximum if Rs: 20,000/-