Housing Loan

  • Express loan processing.

  • Simple loan documentation.

  • Low EMI.

  • Interest on daily reducing balance.

  • Low processing charges.

  • Life insurance for the principal borrower at nominal cost.

  • Loan maximum upto Rs. 2 Cr.

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

  • Shareholding: 0.35% to 0.50% of loan amount.

  • Maximum 85 to 90% of Agreement Value or Valuation Amount whichever is lower, subject to income eligibility

Interest rate starting from 7.50%* onwards

ROI* (Floating Linked to Repo).

** 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 :
    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

Relevant property documents

Frequently Asked Questions (FAQs)

A home loan is a secured financial product offered by banks to help individuals buy, construct, or renovate a house. The financed property serves as collateral until full repayment.

You can start the application process online through Greater Bank’s website or visit the nearest branch. Bank officials will assist you with eligibility checks, documentation, and loan formalities.

Loan eligibility is based on factors such as income, employment type, credit score, property value, repayment capacity, and existing financial obligations.

Yes. Under Sections 80C and 24(b) of the Income Tax Act, borrowers can claim deductions on principal and interest components of the home loan.

You’ll need:

  • Identity & address proof
  • Income documents (salary slips, ITR, Form 16)
  • Property-related documents
  • Passport-size photographs
  • Additional documents may be requested based on the applicant’s profile.

Yes, you can prepay in full or in part, depending on your home loan terms loans and conditions.

Yes, property insurance is generally required to protect against risks like fire, flood, or natural disasters during the loan tenure.

No. Banks usually fund 75–90% of the property value. The remaining amount must be contributed by the borrower as down payment.

Missing EMIs can lead to penalties, a drop in your credit score, and even legal action. Contact the bank immediately if you foresee difficulty in repayment.

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