Retail Loan
Its Contain all type of housing loan, personal loan , mortage loan , vehicle loans.
Benefit of Retail Loan
- Maximum 240 months subject to age up to 60 years or till the retirement age if salaried whichever is earlier.
- In case of Takeover loan Maximum repayment tenure till residual tenure of earlier sanction or actual whichever is less.
- No Pre-payment Penalty.
- Rate of Interest: Is Applicable as per interest rate modifying from time to time.
- Service Charges: Are Applicable from time to time.
- Margin: is Applicable from time to time.
Eligibility
For Salaried Persons :
- Employees of reputed and financially sound organization.
- Minimum Gross take home salary of INR.15,000/- per month.
For businessmen & Professionals :
- Business should have minimum of 3 years.
Co-Applicant:
- Co-Owners of dwelling unit must be taken as Co-applicant. Spouse /parents of the applicant other than Co-owners can be taken as Co-applicant.
Document Required
Duly filled form with:
- Income Proof of Applicant(s) & Guarantor(s).
- Property Documents.
- PAN Card of Applicant(s) & Guarantor(s).
- KYC of Applicant(s) & Guarantor(s).
- Prime Security: Dwelling Unit/s under construction/ready possession to be purchased.
- One Acceptable Guarantor and Security holders to be also taken as guarantor.
- Other Charges : CERSAI, Filing Mortgage, Insurance of property, Legal charges etc.(Valuation, Sanction Confirmation if applicable).
