Housing Loan
Housing Loan
Documents Required
Documents required for House Construction/Repair/Purchase Loans.
1) Allotment Letter
2) Possession Certificate
3) Absolute Sale Deed
4) Khatha Certificate
5) Khatha Extract
6) 15 Years Encumbrance Certificate (In Form no.15)
7) Latest Tax Paid Receipt
8) Sanction Plan and Licence
9) Working Plan
10) Existing Working Plan
11) Other Documents related to the Property
12) Estimate from Civil Engineer
13) Alienation Certificate from B.D.A./KHB/BMRD & Other concern department
14) Membership Identity Card
15) Family Tree (Affidavit)
16) Building Photo
17) Building Insurance Policy
18) Betterment Charges paid receipt
19) No Objection Certificate from Consultant Authority
20) Identity Proof (PAN Card / ID Card)
21) Residential Address Proof (Aadhar Card / Ration Card / Passport / D.L. / Gas Bill)
22) Ration Card
23) Documents for the purpose of Loan
24) IT Returns for last 3 years along with Balance Sheet and Profit and Loss Account Statement duly certified by the charted accountant
25) PAN Card
26)Aadhar Card
Pre-requisites
PART-B
1. Building Construction -> Sanctioned Plan Estimate for Building Construction
2. Purchase of Property -> Sale Agreement and documents related to the particular property
3. Building Repair/Renovation -> Estimate for Building Renovation/Repair
. 80% for the property valuation (Govt. Guidance Value) or maximum of 70 lakhs whichever is less will be considered for loan sanctioning.
. Repayment of Regular / Equated (EMI) monthly installments - as per the Bank rules.
. Loan will be sanctioned subject to fulfillment of any other conditions of the Bank (Proportionate Share Amount, Loan Processing Charges, Insurance Charges, Legal and Valuation Charges, etc.,)
Loan Rate of Interest
upto 25 Lakhs -> 11.00
Above 25 Lakhs -> 11.50
(**Condition Apply)
Only for Bank Members