Home Loan

Purchase of new flat and construction of house or purchase of old flat / house Repairs/ improvements/ extension of the existing residential property. Individual, either singly or jointly with other family members viz. father, mother, son and spouse, who have regular sources of income as co-applicants.

SURETIES/SECURITY: If the house/ flat proposed to be purchased, is yet to be constructed or is under construction, interim security may be required (till the period of its completion).

FEATURES

1. Applicant : Individuals or Jointly (co-borrowers having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc).
2. Purpose : Construction of house, where in the plot/land already owned by the applicant. To buy built up (new or second hand) / semi built up house or flat. To Extend/renovate/repair, the existing house or flat. To Extend/renovate/repair, the existing house or flat. To buy a flat under construction or proposed to be constructed
3. Loan Amount : 75% of flat or construction cost or as per income repayment capacity.
4. Repayment : Max upto 15 years.
5. Security : Registered Mortgage of financed property/property proposed to be furnished.
6. Shareholding : 2.50% of the loan amount
7. Documents : For detail documents please contact your nearest branch.

Following documents are required from applicant:-

1. Sanction plan, 7/12 extract, 8-A extract ,city survey index2 (within 1 month).
2. N.A order/ acceptance plan/ acceptance map/ acceptance building plan construction license Construction completion certificate.
3. Flat Agreemnet Copy of deed of declaration.
4. Non objection certificate from builders/society. Regi.mortage deed ,index 2, boja nondi utara.
5. Ration Card / Light Bill/ Telephone Bill
6. Income Certificate (Salary Slip)
7. Income Tax Returns - 2 years
8. Identity Card (Pan Card / Voter ID Card)
9. Guarantor – 2
10. Objective Quotation
11. postdated 10 cheques
12. Color Photographs No of Two