- Housing Loan upto Rs.70/lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house.
REPAYMENT PERIOD :-
- House-Building Construction / Purchase Loan :Upto 240 months (Max)
|House-Building (Residential)||Upto 240 Months (Max)||Upto 240 Months (Max)|
|Building / Unit (Commercial)||Upto 120 Months (Max)||Upto 120 Months (Max)|
|House-Building / Unit||20% of Cost of Construction / Purchase agreement.||25% of Cost of Construction / Purchase agreement.|
MAXIMUM PERMISIBLE LIMIT:-
- 50 times of Monthly Income or 80% of Cost of Construction / Sale Agreement, whichever is less, subject to maximum limit of Rs. 70.00 Lakhs.
GUARANTORS / SURETIES: -
|House-Building / Unit against mortgage of immovable property||02 Sureties||02 Sureties|
- Pro-note, Loan Agreement, Mortgage Deed, NOC / Permission from Kandla Port Trust for getting mortgage charge in favour of the Bank. In case of property mortgaged is out of Gandhidham Town, Bank Lien/Charge Certificate from Talati. Insurance Cover in favour of the Bank, the receipts of Ground Rent / Municipal Taxes paid upto date.
- The Bank shall obtain National Building Code (NBC) certificate from the Chartered Engineer in case of Construction loans where the construction costs equals to or exceeds Rs. 05 Crores (Rs. Five Crores).