HOUSING LOAN

Housing Loan upto Rs.15 lacs is available for construction/purchase of old/new flat, bunglow,raw house and also for carryout addition/alteration in the existing residential house.

Copy of Last Three years income tax return.
Plan esteemate Report.(Bank’s authorised Valuer engineer).
If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.
If property is to be purchased under housing scheme,the copies of documents,such as allotment-letter,saledeed,revenue records of 7/12 and 8 A.
Copy of authorised building plan and Lay-out plan.
Copy of receipt of advanced payment-made/copy of agreement to sale
Copy of title clearance certificate given by the advocate/ solicitor.
Consent letter from the society about noting of charge of the bank.
2 (Two) copies of Photograph of Building
Address proof – Aadhar card/
Photo proof – PAN Card/Voter id card / Driving license (Any one).
Construction Permission Letter

Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of Bank charge will be noted in society’s book.
Mortgage memorandum and all original documents.
Valuation of the property will be required for old property. Bank will give loan of 60% of valuation amount.(for old property)and new property bank will give loan of60%.
Bank will give loan if property is having N.A and N.O.C and gam panchayat permission letter.
Applicant will have to take insurance of the building in favour of bank.
Loan amount with interest will be repaid within 120 equal monthly instalments.
Applicant has to submit original copy of registered mortgage of the property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Applicant has to take share 2.5% of the limit.
No Processing charges for sanction loan.