| Quantum |
From
Rs.2 lacs to Rs.25 lacs
Loan amount will be arrived at after assessing
the applicants repayment capacity |
| Margin |
60%
of the market value of the property |
| Eligibility
Criteria |
Adult
Indian citizen employed/self employed for
at least 3 years
Age of applicant should not exceed 60 years
at the time of application |
| Security |
Equitable
mortgage of property (Stamp duty payable as
per actuals) |
| Insurance |
Comprehensive
property insurance policy to be taken out
by the applicant in the joint names of the
applicant and the Bank |
| Charges |
1% of
loan amount + incidental expenses such as
valuation, inspection and solicitor's charges
as applicable |
| Repayment |
In
equated monthly installments (EMI) or lumpsum
payment(s) stipulated at the time of disbursal
over a period not exceeding 7 years |
| Appraisal
Docs
|
| 1.
Attested copy of latest salary slip
& Form 16 for salaried employees |
| 2.
Income tax returns for the last 3 years
for self-employed persons |
| 3.
Pass book or bank statement for last
six months |
| 4.
Proof of Age and Residence |
| 5
.Copy of sale agreement/share certificate,
NOC from society/builder |
|
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