| DOMESTIC PURPOSE LOAN | |||
|---|---|---|---|
| TITLE | NORMS | ||
| Purpose | Medical/Repayment of debts/Domestic Purpose | ||
| Eligibility | Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income | ||
| Loan Limit | Upto Rs.2500000/- | ||
| Repayment Period | Repayable in 120 EMI | ||
| Rate of Interest |
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| 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 | ||
| 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 |
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Business/Professionals 3 years IT Returns, with Tax paid challan Professionals/ Bank pass book/statement |
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Self employed 1. Consent declaration from family members wherever applicable. 2. Income proof as above of family members wherever applicable. |
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| Purpose Proof | Medical- Hospital
Bills/Estimation for Treatment with Doctors certificate from recognized hospitals. Other Purpose- Relevent documents to be submitted. |
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