News

  • Dear Customer,Per new Income Tax Law nominal/members are subject to TDS deduction on Bank Deposits.To avoid TDS deduction submit form 15G/H yearly,if applicable.

Home Loan

  • Housing Loan available for construction/purchase of old/new flat, bungalow,row house and also for renovation in the existing residential house.
  • Getting a home loan from Bank is easy and quick. We keep the paperwork and other formalities to a minimum. Proof of your identity, address and income are some of the key documents that are required to be submitted for Bank home loan.

  • Copy of Last Three years income tax return.
  • If Applicant is businessman in that case last three years copies of balance sheet, Income tax return of the proprietor/partner,statement of capital account.
  • If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.
  • Copy of authorised building plan.
  • Copy of receipt of advanced payment-made/copy of agreement to sale.
  • Copy of title clearance certificate given by the advocate/ solicitor.
  • Consent letter from the society about noting of charge of the bank.
  • Three copies of Photograph.

  • Photograph-3 copies
  • Last tax bill.
  • Last 3 year income tax return copy.
  • Address proof – electric bill /telephone bill (any one) As per KYC norms.
  • Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms.

  • 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 75% of valuation amount.and new property bank will give loan of 80%.
  • Bank will sanction loan if property is having N.A.N.O.C and BU permission.
  • Applicant will have to take insurance of the building in favour of bank.
  • Loan amount with interest will be repaid within 120 equal monthly instalments.
  • 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.
  • 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% of the limit.
  • The processing charges will be 1% of loan amount Sanction.