Housing Loan :
Looking for a way to own your dream home?
Have you considered our bank's home loan?
With this loan, you can use your property as collateral to make your dream a reality.
Purpose :
- Purchase of an approved site and construct a house on it.
- Purchase of a ready-built house.
- Purchase of a flat, apartment or villa.
- Take over housing loan liabilities from other banks or institutions, subject to terms and conditions.
Membership :
- 2.5% of the loan amount as a shareholder.
Quantum of Finance :
- 75% of the project cost, subject to cash flow.
Interest Calculation Method :
Documentation :
- A duly filled loan application form.
- Photo ID and proof of residence for both the applicant and co-obligant.
- Proof of income :
a) For salaried individuals : Recent salary slips, ITR/Form 16 for the last 3 years. b) For business owners, professionals or self-employed individuals : Profit & loss account and balance sheet for the past three years, along with ITR and bank statements for the last 3 months.
- Legal documents for creating the mortgage as required.
- Any other documents the bank requests based on your loan limit and income.
