'सुदूर पश्चिमको आर्थिक विकासको सहयात्री'

Housing Loan

In order to purchase the land/building for residential purpose, construct or renovate the residential building, this loan can be facilitated for the capital  requirement of such purpose upto 1 Crore.

Interest Rate: 11.00% to 17.00% per annum

Tenure:

  • Maximum of 15 years
  • Loan shall be terminated on /or before 60 years of age of the borrower
  • Repayment: Equal Monthly Installments (EMI)

Required Documents:

  • Passport size photographs of Applicant
  • Applicant's Citizenship certificate
  • Certified income source
  • Photographs and Citizenship certificate of Guarantors
  • Purchase agreement/deed ( In case of purchase of land/building)
  • Land ownership certificate (Lal Purja) with ownership type
  • Blue Print
  • Malpot Receipt
  • Four Boundary Certified(Char Killa)
  • House Construction Approval (Map)
  • Building Construction Permission Letter from competent authority (If applicable)

Fees & Charges:

  • Service Charge - 1.5% to 2.00 %
  • Documentation Charge- Rs. 1500 to Rs. 2000
  • Prepayment Fee:
    • 1% of pre-paid amount if prepaid within 5 years
    • 0.5% of pre-paid amount if prepaid after 5 years
  •  CIC Charge
    • Rs. 250 per inquiry (For No Transaction Report)
    • Rs. 550 per inquiry (For Transaction Report)