|Loan Tenure – Home Loan||20 years|
|Loan Amount – Home Loan||Maximum 25 lakhs|
|Rate of Interest||10% to 22%|
(For Fixed Rate loans only)
|A. Housing Loans:
None, if pre-closure happens from borrower's own source of funds.
If, other than own sources, pre-payment charges up to 4.5% (inclusive of service tax) of principal outstanding as on date, will be applicable.
|Fees and charges||Home Loans
Rate of Interest: 10% to 22%
Processing Fee: 2%-3%
|Applicant(s)||Family members and co-owners of the property|
|Documents Required||1. Application form with photograph duly signed by all applicants
2. Identity proof – Voter ID, PAN, Driving License, Bank Passbook, aadhaar card etc.
3. Age proof – Voter Id, PAN, Driving Licence, Passport, Birth certificate, pass certificate of 10th or 12th
4. Property documents
5. Colored passport size photograph
|Additional documents that will help us process the loan easily||1. Last 3 months salary slips
2. Income Tax Returns of the last 2 years or Business Records
3. LIC Policy
4. FD or RD
5. Details of any other loan account that you are replaying currently
6. Any other savings or investment details
|Security||Equitable Mortgage of the property being financed by deposit of title deeds|