Home Loans
Who are eligible for Housing Loan?
All individuals or Joint Owners are eligible for Housing Loan
What is the time taken to Sanction Housing Loan?
5 to 7 days after submission of all the necessary documents.
What is the maximum tenure of Loan?
Maximum Tenure of loan is 30 years or upto age of 70 years
What is the margin requirement?
For loan up to Rs. 30 lakh – 15% / 20%
Loan above Rs. 30 lakh up to Rs. 75 lakh- 20%
Loan above Rs. 75 lakh – 25%
What are the documents required for Housing Loan?
Valid KYC documents i.e Voter ID, Aadhar Card, PAN Card, or any other valid ID/Address Proof.
Income proof i.e last three year ITR, Latest Salary Slip in case of salaried person.
The detailed check list can be provided at specific request from the applicant at his/her email ID.
Who will do the Valuation & Legal Opinion?
The valuation of the property will be done by the approved valuer of the bank.
Legal opinion of the property is to be obtained by the Bank approved advocate.
Whether Joint Borrowers are eligible for Housing Loan and who can become the Joint borrower?
Joint borrowers are also eligible. Joint borrower can be joint owner or Close relatives.
Whether takeover from other bank/NBFC is permitted.
Takeover from other Bank/NBFC is permitted.
Whether loan for Under-Construction flat is available.
Loan for under construction flat of banks approved builder/project is available.