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.
- Shareholding: 2.5% of loan amount .
| Grihalakshmi Housing Loans | ROI on floating |
|---|---|
|
Upto Rs. 28 Lakhs . |
7.20% onwards |
|
Above Rs. 28 Lakhs. |
7.10% onwards |
| Loans to Women borrowers / Housing Loans from Approved Projects of the Bank. | ROI on floating |
|---|---|
|
Upto Rs. 28 Lakhs . |
7.10% onwards |
|
Above Rs. 28 Lakhs. |
7.00% 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
Income Documents Required for 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 :
- Sanction Letter of existing Housing Loan
- Loan Account Statement of 12 months
- List of Documents from existing Bank / NBFC
- Foreclosure Letter of the housing loan
Income Documents Required for Housing Loan:
- 85% of Agreement Value or Valuation Amount as per Empanelled Valuer whichever is lower, subject to income eligibility.
