Applicant:
- Copy of Last Three years income tax return, Pan Card 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 shop 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 original 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
- Copy of PAN Card
- Address proof /electric bill + Receipt of paid /telephone bill- land line
- Photo proof /Pan card / Voter card / Driving license
Guarantor Details :
- Photograph-2 copies
- Last tax bill + Receipt of Paid
- Last 3 year income tax return copy + Receipt of paid
- Address proof – electric bill / telephone bill (any one) As per KYC norms
- Photo proof – Pan card / Voter card / Driving license/Aadhar card As per KYC norms
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’s book.
- Valuation of the property will be required for old property. Bank will give loan of 70% of valuation amount.(for old property)and new property bank will give loan of 80%.
- Bank will give 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% to 5.0%of the limit.
- Processing charges upto Rs 1000 will be levied on sanction.
Requirements of Documents
| Valid Photo I.D.(Any One) | Address Proof (Any One) |
|---|---|
| Adhar Card | Adhar Card |
| Pan Card | Electricity Bill (not more than 6 months old) |
| Voter ID Card | Municipal Tax Bill |
| Pass Port | Gas Bill / Telephone Bill :Latest |
| College / School ID Card | Latest LIC Primium Receipt |
| Government / Semi Government ID Card | Other Bank Passbook |
- Passport Size Photograph 2 Copies
- Birth Certificate for minor account
- Introduction From Existing account Holder