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Housing Loan


Sr.No.
Type of Loan Scheme
Present Rates (w.e.f. 01.10.17)
Special Rebate
1
A) Housing Loan Scheme

Upto Rs. 5 lac

Above Rs.5 lac To Rs.15 lac

Above Rs.15 lac To Rs.35 lac

Above Rs.35 lac

Deccan Shatabdi Gruh Karja Yojana(for New Housing Loan)w.e.f 30.09.2016


10.00 %

10.00 %

10.00 %

10.00%

9.00%


No Special

Rebate for

Regular Payment

Maximum Loan Available : Rs.70.00 Lac (depends on income)      


Guarantors Required :Two                                                


Income of Surety : As per Bank's policy


Max Repayment : 240 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 etc.


  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 / Sale Agreement / Chain Agreement, NOC to mortgage the 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. In case of salaried person - Direct Deduction Letter U/s 49 of M.C.S Act.


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


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


  12. Collateral securities - LIC sum assured should not be less than 25% of loan amount.


  13. Share linkage- 2.5 % of loan amount.


  14. Process fees as per bank's rule.


  15. No pre-closer charges.


  16. Interest on reducing balance.



  17. 3.Documents Required of Guarantors

  18. Two pass port size photographs.


  19. Proof of Identification ... as above.


  20. Proof of residence ... as above.


  21. Proof of Business.


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



  23. 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.