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Product Features Eligibility & Loan criteria Interest Rates KYC Documents Required Financial Documents Required EMI Calculator FAQs

Why Greater Bank

  • Express loan processing.
  • Simple loan documentation.
  • Low EMI.
  • Interest on daily reducing balance.
  • Low processing charges.
  • Loan maximum up to Rs. 2 Cr.
  • Higher funding / eligibility

Eligibility & Loan Criteria

  • Salaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers, Lawyers, Chartered Accountants etc.
  • Maximum up to 85%-90%* of Agreement Value or Valuation Amount (T&C Apply)
  • Age: 21 to 60(Salaried) / 21 to 65(Self Employed)
  • Maximum Loan Tenure 20 Years

Interest Rates

Interest rate starting from 7.50%* onwards

ROI* (Floating Linked to Repo).

T&C Applied*

KYC Documents Required

  • 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

Financial Documents Required

  • 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

Home Loan EMI Calculator

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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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