- Lower Rate of Interest.
- Reducing Balance Interest Rate.
- No Prepayment penalty.
- Avail loan for construction of house on already owned site/plot.
- Minimal processing charges.
Loan Quantum |
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Margin |
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Processing Charges |
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Security |
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Repayment tenure | Upto 30 years or upto 75 years of age of the borrower, whichever is earlier.* | ||||||||||||
Prepayment | At your choice. In case of take over of liability by other banks/HFIs, no prepayment penalties in respect of Housing Loans carrying floating rate of interest. |
*All other terms and conditions shall apply.
PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.
For Construction of House | For purchase of Ready-Built House | For purchase of Flats |
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Title deeds of the property and link documents for the last 13 years. | Title deeds of the property and link documents for the last 13 years. | Title Deeds of Builder for last 13 years. |
Encumbrance Certificate for past 13 years. | Encumbrance Certificate for past 13 years. | Encumbrance Certificate for past 13 years. |
Khata Certificate/ Khata Extract | Khata Certificate/ Khata Extract. | Khata Certificate/ Khata Extract. |
Upto date tax paid receipts of the property. | Upto date tax paid receipts of the property. | Upto date tax paid receipts of the property. |
Copy of the approved plan for the proposed construction / extension / addition. | Copy of the approved plan | Sketch of Flat |
An affidavit-cum-undertaking that applicant shall not violate the sanctioned plan, construction shall be strictly as per the sanctioned plan. | An affidavit-cum-undertaking from the applicant declaring that the built up property has been constructed as per the sanctioned plan and/or building bye-laws | Sanctioned Plan & License from competent authority. |
Completion Certificate (within 3 months of completion of construction). | Completion Certificate. | Copy of Occupancy Certificate by Local Authority. |
Allotment letter of Co-operative Society/Housing Board (wherever applicable) | Agreement of sale of property. | Agreement of Sale with Applicant. |
In case of allotment of a plot by the Society, documents to be submitted are as follows
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NOC from Society/Association/Builder/Housing Board (Wherever applicable). | NOC from Banker of Builder (wherever Project finance has been availed by the builder) | |
Copy of Lease Deed (wherever applicable) | Copy of Lease Deed (wherever applicable) | Original Sale Deed executed by builder in favour of purchaser |
KYC documents of seller of property. |