Home Loan

 

Be an owner of your dream home. Available Housing Loans as per your
needs with quick appraisal and sanction. Buy a flat, bunglow or repair existing
dwelling unit.

 

Eligibility

:

Salaried individuals with permanent employment with age below 50 years.

Professionals & Self-employed persons in the business for at least 3 years.

Loan Amount

:

For purchase/build flat/house : Maximum 80% of the Agreement Value or cost of construction (maximum – Rs.70.00 lacs).

For House Repair : Maximum 80% of the estimated cost of repair (maximum -     Rs.5.00 lacs).

Repayment period

:

Maximum 10 years or up to the age of retirement whichever is earlier.

House Repair - Maximum 60 months.

Rate of Interest

:

Up to Rs.25.00 lacs – 11.50% p.a.

Over Rs.25.00 lacs – 12.50% p.a..

Calculated on the daily reducing balance of the loan.

Security

:

Equitable / registered mortgage of the property to be financed.

Two guarantors acceptable to the Bank.

Documents required

:

Proof of residence – Electricity bill / Telephone bill / Passport / Driving Lincese / Aadhar card.

Proof of ID     - Pancard copy / Driving License / Passport / Election card .

Proof of income – Salary Slip / last 3 years Balance sheet /     IT Returns.

Valuation report from Bank’s approved valuer.                       

Bank Statement for last 6 months.

Title clearance certificate from Bank’s advocate.

NOC from the Society / builder.

Lien noting / confirmation from Society / builder.

 

 

 

 *Conditions apply

 

** Subject to change

 

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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