Purpose of Loan

  • Construction of Residential House.

Budget of Finance

  • Need based finance and repayment capacity.

Repayment Details

  • By EMI
  • The maximum repayment period should not exceed 15 years.


Other Features

  • No prepayment penalty.
  • Insurance facility against Personal Accident (Death).
  • Flexible repayment schedule.
  • Interest on a daily reducing balance basis.

Criteria for Loan Sactioning

  • Application in Prescribed form.
  • Two photographs of Borrower and Guarantors.
  • Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
  • Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
  • Profile of Guarantors.
  • Loan should be guaranteed by two financially sound Guarantors having net individual worth twice the loan amount.
  • 7/12 (Right of Records) or CTS extract of property to be offered for mortgage, Map of the Property, Khada Khod Utara issued by the authority.
  • NIL Encumberance certificate for 14 years.
  • Permission copy.
  • Building Plan and Estimation.
  • Original Title deed of the property.