HOUSING LOAN
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Home/Loan
| TITLE | NORMS |
|---|---|
| Purpose | Purchase of House / House Construction. |
| Eligibility | Vijayanagara,Davanagere,Chitradurga,Gadaga,Bellary,Haveri Distric
Limit,BOD approved Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income |
| Loan Limit | Rs.25,00,000/-(Twenty Five Lakh Only) ,On Sub-register valuation 60-70% of the vaue of the property ,For House Constuction Vaulation will be done by our valuator. |
| Repayment Period | Repayable in 120 EMI Max. |
| Rate of Interest | 10.50% |
| Share Holding | 2.5% of the sanctioned Loan amount as per RBI notification |
| Security | Mortgage of the Property by way of Registered Memorandum of Deposit of Title deeds |
| Purpose Proof | Construction/Approved plan Construction Extension Approved plan, Estimation for construction by Registered civil engineers.Property photo ( 2 views) – property and road. Original papers of Purchase of House Agreement of Sale executed on stamp paper + a photocopy of property documents. |
| Documentation | Prescribed Application Form with Attested Copies of Photo ID – Voter
ID/DrivLicense/Passport/Aadhar PAN Card Income Proof - Salaried Certified Salary Certificate/Payslips- 3 months ,Form 16A issued by employer, 3 years IT Returns,NOC. Business/Professionals 3 years IT Returns, Balance sheet of the business with Tax paid challan Professionals Self employed |