Property Loan upto Rs.70 lacs is available for construction/purchase of old/ New flat, Bungalow,Row house and also for carryout addition/alteration in the existing residential house
Applicant details :
5 Photographs of Applicant
Applicant Must be Member of Regular Member/Nominal Member
Address Proof ??Electric Bill/Telephone Bill (Last 3 Months Old)
Applicant I.T.Return (Last 3 Years)/Salary Slip of Last 6 Months/Form-16.
Share Certificate (Original)
Revenue Record of 7/12 utara
Gam no Namno 6 Hakpatrak
Authorised Plan of Building /Society.
Copy of receipt of advanced payment-made/copy of agreement to sale
Copy of Title clearance certificate given by the advocate/solicitor.
Applicant has to show all original documents to the bank for verification with zerox copy.Original documents will be returned to applicant after verification.
Guarantor Details
Photograph-3 copies
Guarantor must be Member of Regular Member/Nominal Member
Address proof ??electric bill /telephone bill (any one)
Copy of PAN Card
Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
Conditions
Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society?? book.
Valuation of the property will be required for old property. Bank will give loan of 50% of valuation amount.(for old property)
Applicant will have to take insurance of the building in favour of bank.
Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.
Housing Loan repayment in maximum 60/72/84/96/120 months with EMI.
Interest will be debited on monthly basis.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Applicant has to take share @ 2.5% to 5.0% of the limit.
Processing charges applicable as per bank rules.
Applicant can open Savings Account in our Bank.
Stamp charges applicable as per Govt.of Gujarat Stamp Dept.
