Housing Loan
Nature of Loan - HOUSING LOANS TO INDIVIDUALS
Rate of Interest – 10%
Maximum Instalment/ Period - 240 months (20 Years)
Purpose – Construction of House. Purchase of House. Renovation / Repair of
House & Take over of Housing Loan
Maximum Loan Limit : Rs.75.00 lakhs
Documents Required for House Construction :
- Registered Sale deed / Gift deed Registered / Partition deed.(Non Agri Property)
- Mutation copy (Order on change of Katha)
- Current year Form No.3 (Urban areas) and Form No.9 & 11A or 11B(Villages)
- Current Year Tax paid receipt
- 15 years E.C compulsory
- Building Construction License ( Municipality)
- Building Blue print ( Approved)
- Estimation Report from Engineer.
- N.D.C from other local banks.
- N.A Order & Layout copy.
- Income Tax – Assesse – 2 years( Business man)
- Current Year Business License ( Business man)
- Purchase of House / Plot
- Sale agreement original copy.
- Tripartite agreement
- Seller All documents
- Registered Sale deed / Gift deed Registered / Partition deed.(Non Agri Property) (Xerox)
- Mutation copy (Order on change of Khata) (Xerox)
- Tax paid receipt (original)
- Form No.3 (Urban areas) and Form No.9 & 11A (Villages) current year Original
- 13 years E.C compulsory Original copy (original)
- N.A & Layout copy (Xerox)
- Current year Business License
- Income Tax return file
- P & L A/C & Balance sheet from Chartered Accountant
- Seller N.D.C from other banks
Take over of Housing Loan
- No-Objection Certificate from the bank.
- The Loan O/S Particulars form the bank
- Loan document particulars
