Loans
Features of Home Loan
Aspects
- Easy Loan Processing.
- High Financing
- Loan limit is 60% to 70% of property valuation.
- Flexible loan tenure is up to 15 years.
- Pre-Payment Penalty : 2% Penalty charges.
- No margin amount.
ROI & Handling Charges
- Rate of Interest Below 5Lac is 16% and Above 5Lac is 17%.
- HandlingCharges : Half Yearly & Yearly.
- Processing Fees : 2.5%
Eligibility
- Salaried Individual, having a regular monthly income of Rs.10,000+
- Businessmen
- Self – employed
- Professionals having regular source of income
- Age : 18 to 55 years
Documentation & Security
- In case of new customer, applicant & guarantors need to open savings / current account.
- Duly filled form with :
- Income Proof of Applicant & Guarantors
- Residential Proof of Applicant & Guarantors
- PAN Card of Applicant & Guarantors
- KYC of Applicant & Guarantors
- 3 years of ITR
- Property documents.
- Employer (salary slip of 3 months) and income verification.
- Two Acceptable Guarantors.
Share Holdings
- Regular Membership fees is Rs. 10 & Share amount @ 10% of loan amount.
- Guarantors : as per loan amount.