Home Loan
LOAN PURPOSE
| Loan Tenure – Home Loan | 20 years |
| Loan Amount – Home Loan | Maximum 25 lakhs |
| Rate of Interest | 10% to 22% |
| Prepayment charges (For Fixed Rate loans only) | A. Housing Loans: None, if pre-closure happens from borrower’s own source of funds. If, other than own sources, pre-payment charges up to 4.5% (inclusive of service tax) of principal outstanding as on date, will be applicable. |
| Fees and charges | Home Loans Rate of Interest: 10% to 22% Processing Fee: 2%-3% |
| Eligibility | |
| Applicant(s) | Family members and co-owners of the property |
| Documents Required | 1. Application form with photograph duly signed by all applicants 2. Identity proof – Voter ID, PAN, Driving License, Bank Passbook, Aadhaar card etc. 3. Age proof – Voter Id, PAN, Driving Licence, Passport, Birth certificate, pass certificate of 10th or 12th 4. Property documents 5. Colored passport size photograph |
| Additional documents that will help us process the loan easily | 1. Last 3 months salary slips 2. Income Tax Returns of the last 2 years or Business Records 3. LIC Policy 4. FD or RD 5. Details of any other loan account that you are replaying currently 6. Any other savings or investment details |
| Security | Equitable Mortgage of the property being financed by deposit of title deeds |