Housing Loans

Eligibility:

  1. Salaried individual in permanent employment.
  2. Professional and self employed person, businessman.

Margin:

Maximum of 25% of property Valuation Report

Loan Amount taking into consideration the repaying capacity of the applicant

Rate Of Interest On Housing Loans w.e.f. 16.11.2011

Housing

  1. Salaried

    • Upto Rs. 15 lakhs : 12.00%
    • Above Rs.15 to 25 lakhs: 13.00%
  2. Non Salaried

    • Upto Rs. 15 lakhs: 12.50%
    • Above Rs.15 to 25 lakhs(Max 10 Years): 13.50%
  3. Repairs Salaried

    • Maximum 7 Years: 14.50%
  4. Repairs Non-Salaried

    • Maximum 5 Years: 15.50%
  5. Govt. Servant/Salaried

    • Direct Deduction from Salary: 13.00%
    • Against PDC/ECS Mandate: 13.50%

(Maximum Rs. 5.00 lakhs) (maximum 7 years)

Repayment Period:

Maximum 10 years

Security:

Two Guarantors.

Deposit of Title Deeds/Registered Mortgage.

Additional Security if Required on case to case basis

 Documents Required:

  1. Proof of Residence and photographs.
  2. Salary Certificate of Applicant and sureties with photographs.
  3. Latest Audited Statement of Account/Income Tax Return
  4. Valuation Report from Bank’s Approved Valuator.
  5. Legal Opinion Report from Bank’s Legal Advisor
  6. Licenses, plans, approvals from competent authorities for construction.

    7.  

    Please contact our nearest Branch for detail information and requirement.