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Housing Loan

Loan To Own a Happy Home

Purpose Construction/purchase (direct or in re-sale) of house/flat/ takeover of housing loans from other Banks/ Financial Institutions and/or repairs-renovations/extensions of own residence.
Eligibility Salaried Employees /Businessmen/Professionals
Limit of loan Depending upon repayment capacity and cost of project, Maximum Rs. 140.00 lakh 
Basis of Advance 80% of  Cost  of flat OR Cost of land &  construction thereon subject to repayment capacity based on income.
Repayment Period Maximum 15 years.
Processing fees As per policy of the Bank from time to time . At present NIL.
Share Linkage As applicable
Security Equitable/ legal Mortgage of house property to be purchased/repaired.
Guarantors As acceptable to the Bank. ( with good means)
Documentation 1. Prescribed application form / duly filled in.
2. Photo Identity & Residence Proof of the Applicant &  Guarantor
3. Allotment Letter /Banakhat/Esimate of Construction-Repairs-Renovation as the case may be.
4. Income proof a) or b) from below as applicable
    a) Salaried person : salary slips for last 6 months, ITR/Form 16 for last 3 years. Bank Statement for last 6 months
    b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 6 months.  
5. Legal Documents for creating mortgage as per requirement