|Purpose||Housing Construction/Extension/Repair, Renovation and Purchase of House & Commercial Property|
|Eligibility||Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income|
|Loan Limit||Rs.7000000/-(seventy lakhs) Maximum for Housing|
|Repayment Period||Repayable in 180/240 EMI for Housing|
|Rate of Interest||
|Share Holding||2.5% of the Loan amount as per RBI notification|
|Security||Mortgage of the Property by way of Registered Memorandum of Deposit of Title deeds|
|Purpose Proof||Construction/Approved plan|
|Documentation||Prescribed Application Form with Attested Copies of Photo ID – Voter ID/DrivLicense/Passport/Aadhar PAN Card|
Income Proof - Salaried
Certified Salary Certificate/Payslips- 3 months Form 16A issued by employer, Copy of Passbook 3 years IT Returns
3 years IT Returns, with Tax paid challan Professionals/ Bank pass book/statement
1. Consent declaration from family members wherever applicable.
2. Income proof as above of family members wherever applicable.
Approved plan, Estimation for construction by Registered civil engineers.Property photo ( 2 views) – property and road.
|Purchase of House Agreement of Sale executed on stamp paper Xerox copies of property documents.|