Housing Loan

Housing loan    

Purpose of loan Purchase of ready built house/ flat / resale flat In case of resale or old property Construction of House
Age Limit Minimum 18 Years and 45 Years   2 Gaurantor Compulsary required
Rate of Interes      If PMAY Scheme Aplicable ROI 8.50%*
Margin 25% Agreement Cost / 25% Estimate Cost or 25% Property Valuation Whiever lower    
Limit of loan 1 Maximum Rs. 70.00 lakh per beneficiary per Dwelling Unit.    
Eligibility Criteria 1.Salaried Employees/ Businessmen /Professionals having a regular source of income    
Repayment period Maximum 20 years for salaried class/Professionals. (Merotarium Period Applicable)    
Process fee & Other Charges 0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.20,000/- + ST Basic Amount + 2.50% Fixed Deposits loan value Sequritites Cheque 2 Required
Security related information Registered Mortgage of house property    
Legal & Documentation Charges On Actual Basis
1) Proprty search report
2) Valuation Report
3) Building Development Permission
4) layout planc
5) Sancion Plan
   
Document required 1. Duly filled and sing by prescribed application form Borrowar, Co Borrowar and Gaurantor 2. Latest 2 Photograph, KYC : Photo Identity Proof, Residence proof of the Borrowar, Co Borrowar and Guarantors 3. Salaried: salary slip for last 3 months and bank statement for last 12 months, ITR or form 16 last Two years
4. Businessman: Shop Act Licence, GST Certification, Udyam Aadhar certificate, Both Borrowar and
Guarantor last 3 years CA Certified with UDIN no, Profit & loss and Balance Sheet, ITR copies,
Tax Audit Report (If Require) 12 months bank accounts statement,
GST 3 B Return / GSTR-1, Loan account statement (if any) Debtors and Creditors list, Stock statements.
5.Documents for creating mortgage as per requirement,
Propety NA order, 7/12 Exact, Propety Agreement,
Search report, Valuation Report, Construction Estimate,
Sanction Plan, NMC Building
construction permission order, All Ferfar of 7/12 Exact

 

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