Home Loan



Who can Apply Any individual.
What should be the purpose? For purchasing a dwelling house/flat for self occupation
What is income criteria?
  • salaried person:
  • Prof & self-employed :
  • Businessman (proprietor) :Net profit
  • Businessman ( partner) :
    		•
    Age criteria Min age : 18
    How much loan can be granted ? Maximum upto Rs.140.00 lakhs
    What is rate of interest?

    Sr No.

    Loan Amount

    ROI

    Period

    1

    Upto 35.00 Lakhs

    8.50% p.a.

    Upto 120 Months

    2

    More than 35.00 Lakhs to

    Rs. 140.00 lakhs

    9.00% p.a.

    Upto 120 Months.

    3

    More than 35.00 Lakhs to

    Rs. 140.00 lakhs

    9.00% p.a.

    Above 120 Months and upto 240 Months.

    4

    More than 35.00 Lakhs to

    Rs. 140.00 lakhs

    9.50% p.a.

    Above 120 Months and upto 240 Months.
    What will be the share linkage 1% of loan sanctioned
    What will be the repayment period? Up to 240 Months depending upon age & repayment capacity. ( Revised )
    What will be the securities? Prime: Registered mortgage of the property financed
    What about guarantors? One guarantor acceptable to Bank
    How to apply?

    Documents to be furnished as under ( Revised )

    1. Application in prescribed format
    2. Photographs
    3. PAN CARD (Mandatory)
    4. CIBIL Report for Borrowers & Guarantors
    5. Address proof : Passport /telephone/electricity bill, Ration card/ Voter identity card (Any one)
    6. Identity proof: Passport/Voter identity card/ PAN Card / Driving License / Adhar Card (Any one).
    7. Income proof :-

     For Salaried Person:-

    • Last 3 months’ Salary certificates,
    • Last 3 Years Form-16 & IT Return copies
    • 1 year Latest Bank Statement (Salary A/C)

    For professional & self-employed &Businessmen :-

    • Copies of audited Profit & Loss A/c & Balance sheet of last 3 years
    • T. Return copies for last 3 years,
    • 1 year latest Bank Statement
    1. Copy of Original registered Agreement for Sale with chain of documents, if any.
    2. Search report/ valuation report /Title Clear Certificate.
    3. NOC from Builder/Society/ Apartment/Mhada/ CIDCO.
    4. Original share certificate
    5. Pre sanction visit report to residence, work place & property offered as security.
    6. Demand letter from Builder to be obtained.
    7. Documentary Evidence of Margin Money Payment
    What about insurance? Property shall be fully insured with Bank clause
    How disbursement will be made? Disbursement Amount will be credited to seller/builder’s A/c by way of RTGS/NEFT/Pay Order .
    Margin 10% of Agreement Value

    Concession Rate 0.25% p.a. of Interest to Women borrower for Housing Loan, Education Loan, Gold Loan, Business Loan.



    National Co-operative Bank