8861186800 [email protected]

Housing Loan

  • Construction of own house
  • Purchase of ready built house
  • Purchase a new flat
  • Takeover of housing loans from other Banks/Institutions
  • Salaried Employees confirmed in service /Businessmen/Professionals/ Agriculturist
  • Age of the person should not be more than 55 years.
Repayment Period
  • Maximum 20 years
  • Moratorium period available
Processing fees
  • 1% service charges on Loan A/c +18% GST
Share holding
  • 2.5% of loan amount 
Quantum of Finance (in housing loan)
  • Minimum of land for house construction 3cents
  • 75% of registered value of the property constructed house /Flat (stamp paper charges)
  • Incase of new house construction as per plan loan amount is calculated
  • 75% of estimated value of construction approved by the TMC/Panchayath
Interest Calcualtion Method
  • Reduced Balance method
  • Fixed rate of Interest


  • All Assigned documents related to property (E.khatha  / 9& 11 of the property )
  • Plan & estimation  Valuation of property .
  • Duly filled prescribed application form
  • Photo Identity & Residence proof of the Applicant & Guarantor
  • Income proof a)Salaried person : salary slips for last 3 months, ITR/Form 16 for last 3 years or b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 3 months.
  • Legal Documents for creating mortgage as per requirement
  • *Cibil report above 700 points