Housing Loan

  • Express loan processing.

  • Simple loan documentation.

  • Low EMI.

  • Interest on daily reducing balance.

  • Low processing charges (0.50%).

  • Maximum Loan Amount of Rs. 70 lakhs.

  • Life insurance for the principal borrower at nominal cost.

  • Salaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers, Lawyers, Chartered Accountants etc.

Grihalakshmi Housing Loans ROI on floating

Upto Rs. 28 Lakhs .

8.50% onwards

Above Rs. 28 Lakhs.

8.60% onwards
Loans to Women borrowers / Housing Loans from Approved Projects of the Bank. ROI on floating

Upto Rs. 28 Lakhs .

8.40% onwards

Above Rs. 28 Lakhs.

8.50% onwards

** For any exception/ deviation as described, additional ROI is charged.

  • PAN Card (mandatory)

  • Aadhar Card (mandatory)

  • Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

  • Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

  • Relationship Proof (if required)

  • Passport Size Photographs

  • Any other valid Photo ID card issued by central or state government

Margin of Finance available against Property under Housing Loan :

  • Income Proof required for last 3 years, in form of Form No. 16 for Salaried
  • Income Proof required for last 3 years, ITR of 3 Years for Non Salaried
  • 6 Months Bank Statement of SB and CA Account
  • In case of Takeover :
    1. Sanction Letter of existing Housing Loan
    2. Loan Account Statement of 12 months
    3. List of Documents from existing Bank / NBFC
    4. Foreclosure Letter of the housing loan

Margin of Finance available against Property under Housing Loan :

  • 85% of Agreement value +stamp duty and registration amount of the Residential property subject to his income eligibility, or the lower of the two will be considered.

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