Purpose:

For construction of own residential accommodation on plot owned by the applicant.

For purchase of ready built / under construction house or flat.

For purchase of existing old house / barrack / flat (on resale basis).

For takeover of existing housing loans from other Banks / Financial institutions

Features:

Maximum Loan Limit 70 Lacks, Maximum Repayment 180 months,

No-prepayment Penalty

Rate of Interest and Margin is subject to change from time to time.

Charges: Documentation Charges as applicable.

Eligibility:

Salaried Persons – Employees of reputed and financially sound organization and Minimum take home salary of INR.15,000/- per month and Confirmed service for at least one year.

Businessmen & Professionals: Business should have establishment of minimum of two years and for professional with ITR for at least two years.

Required Documents:

1. Duly filled form.

2. PAN Card of Applicant(s) & Guarantor(s)

3. KYC of Applicant(s) & Guarantor(s)

4. Residential Proof of Applicant(s) & Guarantor(s)

5. Income Proof of Applicant(s) & Guarantor(s)

6. Two acceptable guarantors with adequate income.

7. Primary Security: mortgage of house Unit/s under construction/ready possession to be purchased.