Housing loan for purchasing new premises and existing old Premises can be applied. The housing loan is available for premises not older than 20 years. While sanctioned the loan age of the applicant his remaining services will be considered. Maximum period of loan will be 15 years. The disbursement will be stage wise depending upon stage of construction. The owner’s contribution has to be paid initially.
The rate of interest for loan up to Rs.25 lac is 14 % and 15 % above Rs.25 lac.
Loan Application Form.
Income Proof ( 3 yrs Balance Sheet , Profit & Loss Account. )
City Survey Property Card and Inquiry Report.
City Survey Map.
Grampanchayat boundaries specification document.
Document of Business (Registration etc.)
Legal Opinion and Valuation.
Matured property holders promising letter / Note.
Income Tax Return.
Stock statement ( Verified by branch manager. )
Proprietor Declaration Form .
In case of partnership firm .
In case of company.
Agreement to take the loan.
Agreement to do signature on loan documents.
Agreement of accepting terms & condition after sanction of loan amount.
In case of Development of plot Agreement between plot owner & builder.