Loan to Own a Happy Home
Fulfill your dream of owning a home with our comprehensive housing loan. Finance up to ₹70 lakhs with flexible repayment up to 15 years. Perfect for purchase, construction, takeover, or renovation.
70L Maximum Loan
15 Years Tenure
Loan Details
Attractive features that make home ownership easier and affordable
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, Per beneficiary per unit maximum Rs. 70.00 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.
Rate of Interest
Processing fees
As per policy of the Bank from time to time . At present NIL.
Shareholding/ Membership Contribution
2.50% of loan amount.
Security
Equitable/ legal Mortgage of house property to be purchased/repaired.
Guarantors
Two guarantors as acceptable to the Bank. ( with good net worth)
Documentation
- Duly filled prescribed application form
- Photo Identity & Residence Proof of the Applicant & Guarantor
- Allotment Letter / Banakhat / Estimate of Construction-Repairs-Renovation as the case may be.
- 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.
- Legal Documents for creating mortgage as per requirement
- * Conditions Apply - Please visit our branch for complete terms and conditions