HOUSING LOAN

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Housing Property Loans


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