Snow
Forest
Nature

HOUSING LOAN
TITLE NORMS
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

HOUSING

A) For Repair & Renovation Upto Rs.25 Lakhs 9.50%
B) For Construction/ Purchase Upto Rs.25 Lakhs 9.00%
Rs.25 Lakhs to Rs.70 Lakhs 9.50%
Above Rs.70 Lakhs 10.50%

COMMERCIAL HOUSING

A) For Commercial Property 11.50%
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
Business/Professionals
3 years IT Returns, with Tax paid challan Professionals/ Bank pass book/statement
Self employed
1. Consent declaration from family members wherever applicable.
2. Income proof as above of family members wherever applicable.
Purpose Proof Construction Extension
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.