Home Loan

A loan advanced to a person to assist in constructing or buying a house or flat.
Aspects
  • Easy Loan Processing.
  • High Financing
  • Loan limit is 60% of property valuation.
  • Flexible loan tenure is up to 10 years.
  • Pre-Payment Penalty : 3% Penalty charges.
  • No margin amount.
ROI & Handling Charges
  • Rate of Interest Below 5Lac is 14% and Above 5Lac is 13%.
  • HandlingCharges : Half Yearly & Yearly.
  • Processing Fees : 0.5%
Eligibility
  • Salaried Individual, having a regular monthly income of Rs.10,000+
  • Businessmen
  • Self - employed
  • Professionals having regular source of income
  • Age : 18 to 65 years
Documentation & Security
  • In case of new customer, applicant & guarantors need to open savings / current account.
  • Duly filled form with :
    • Income Proof of Applicant 
    • Aadhar card of Applicant & Guarantors
    • PAN Card of Applicant.
  • 2 years of ITR
  • Property documents.
  • Employer (salary slip of 3 months) and 2 years form16 from employer
  • Two Acceptable Guarantors.
Share Holdings
  • Share amount @ 2.5% of loan amount.