General Information & Documents Required for Housing Loan
Purpose : Construction/Repair / Purchase/Plot Purchase & Construction
1- Maximum Loan Amount : Upto 70 Lac & Upto 5.00 Lac for repair
2- Rate of Interest : 07.45-07.60% & 8.50% for repair
3- Maximum time period : 20 years & 10 years for repair
4- Maximum Age : 60 Years & 65 Years for repair
A. Requirements Before sanction of loan :-
1- 5 Passport size photographs.
2- Photo ID Proof (Voter ID/Passport/Pan Card/ Driving License).
3- Photo copy of proof of Residence (Land line telephone bill/electricity bill /Ceiling of gas connection/Ration card/Passport etc).
4- (i) - Form-16 with latest salary slip for Servicemen.
(ii) - 3 years ITR with computation sheet for others
(iii) - 3 years ITR with computation sheet + 3 years Balance sheets with business proof for businessmen .
5- Statement of Bank account/Photo copy of Bank Pass Book having entries of last six months.
6- Sale Deed / Registered Agreement for sale Purchase.
7- Photocopy of Registry with previous chain.
8- Estimate in case of construction / Repair.
9- Blue print of Map (approved from B.D.A. /Municipal Authority.)
10- Proof of advances in case of Purchase.
11- Two Guarantors Required
12- Saving Bank Account with our Bank
Paper required from guarantors :
(i)- 3 Passport size photographs.
(ii)- Photo copy of Identity (Photo ID Voter card/Passport/DL/Pan card etc.)& Address proof (Telephone bill/ Electricy bill/ Ration card/ ceilling of gass connection etc.).
(iii)- Photo copy of Income / Net worth proof(Salary slip + Form 16/ITR).
(iv)- Account statement /Photocopy of Pass book.
B. After Sanction of loan at the time of disbursement :-
1- Revenue stamp-6.
2- 3 stamp papers for Rs. 100/- each in the Name of Borrowers.
3- 0.5% of loan amount, Minimum of Rs. 100/- and Max. Rs. 10,000/- stamp for equitable mortgage of property.
4- Affidavit on Bank Performa
5- Affidavit for deposit of sale deed.
6- Original title deed with previous chain.
7- Receipt in case of purchase.
8- Share money : 2.5% of loan amount
9- Charges as per Bank rule :-
(i) Processing fees : 0. 5% of Loan amount plus GST 18% (max. 20,000/- + GST)
(ii) NEC Fees :
(iii) Application fees : 20/-
(iv) Membership fees : 10/- (each borrower
(v) Nominal membership fees of both guarantors 2+2=4/-
10- Bills of construction.