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House Repairs Loan


Sr.No.
Type of Loan Scheme
Present Rate of Interest (w.e.f. 01.06.17)
A
HOUSE REPAIRS LOAN

12.00 %


Maximum Loan Available : Rs.10.00 Lac (depends on income)
                                       (IF THE APPLICANT IS ENJOYING LOAN
                                       FACILITY WITH US THEN THE MAXIMUM
                                       LIMIT WILL BE RS. 5.00 LAKHS.)

Guarantors Required : Two

Income of Surety : As per Bank's policy

Max Repayment :  120 Months



1.Documents Required of Applicant

  1. Loan Application duly filled in all respect.


  2. Four latest Passport size photographs.


  3. Proof of Identity - Photo Copy of PAN Card (must) and Any one from following; Photo Copy of ID       Card/Passport / Driving License / Aadhaar Card.


  4. Proof of Residence - Photo Copy of Ration Card (must) and Any one from following; Latest        Telephone Bill / Electricity Bill / Property Tax paid / Passport / Voters ID/ Aadhaar Card etc.


  5. Bank A/C Statement for last one year.



  6. Income Proof:
           ● Salary earner
            *  last 3 months original authenticated salary slips.
            *  Copy of Form No.16 for last 2 years.
           ● Businessman
            *  Acknowledged copies of last three years I.T. Return with IT paid Challans.
            *  CA certified Trading and Profit Loss A/c, Balance Sheet with all schedules.
            *  Computation of Income statement.
            *  Business proof.


  7. 2. Other


  8. Property Documents -
           Original Registration Receipt / Sale Agreement / Chain Agreements, NOC to mortgage flat from         the Society / Builder concerned Authority, Share Certificate, Latest Property Tax paid Receipt and
           Maintenance paid Receipt,Copy of Registered Development Agreement and power of Attorney, CC,      OC, Architect's Work Completion Certificate and all other related title documents as per legal         opinion.


  9. Valuation Report of property.


  10. Self Quotation or Contractor's Quotation.


  11. In case of salaried person - Direct Deduction Letter U/s 49 of M.C.S Act.


  12. ECS mandate copy, Post Dated Cheques(PDC), Standing Instruction (SI) for debiting monthly EMI        from SB or CD A/c.


  13. Opening of Saving Bank A/c or business Current A/c is compulsory.


  14. Share linkage - 2.5 % of loan amount.


  15. Process fees as per bank's policy.


  16. No pre-closer charges.


  17. Interest on reducing balance.



  18. 3.Documents Required of Guarantors


  19. Two passport size photographs.


  20. Proof of Identification ... as above.


  21. Proof of residence ... as above.


  22. Proof of Business.


  23. Income proof ... as above for two months.



  24. PN: All photo copies must be self attested and bring the originals for verification.

* Conditions apply *


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Address: 217, Raja Rammohan Roy Road, Girgaum, Mumbai- 400 004.