🏠 Home Loan
Housing Loan is available for construction / purchase of old or new flat, bungalow, row house and also for carrying out addition / alteration in the existing residential house from Ahilyanagar Zilla Prathamik Shikshak Sahakari Bank Ltd.
Applicant Details
- Rate of Interest – 7.90%
- Loan Sanction Limit Upto 30 Lac Only For Regular member
- Guarantor – 2 (Salary Person)
- Membership – A Class with 5% shares of sanctioned amount.
- Security – Constructed building with land and other collateral property
Documents
- Application Form
- Photo Proof – Driving License / Election Card / Passport / Aadhaar Card
- Copy of PAN Card and Aadhaar Card
- Permission of town planning with approved plan
- Abstract of NA land with NA land permission / Revenue Record of 7/12 Utara
- Search valuation of lien property
- Economical statement
- Applicant has to show all original documents to the bank for verification along with Xerox copies
Guarantor Details
- Salary Person Regular Member
- Guarantor must be a Regular Member.
- Photo Proof – Driving License / Election Card / Passport / Aadhaar Card
- Address Proof – Electricity Bill / Telephone Bill (Any One)
- Copy of PAN Card
- Latest Tax Bill / Certificate from Society Chairman / Secretary if the guarantor owns property
Terms and Conditions
- Original documents of the property to be submitted to the bank. Registered mortgage of the property to be done in favour of the bank. Bank charges will be noted in the society’s record.
- Loan will be sanctioned only if the property has N.A. / N.O.C. and necessary permissions from concerned authorities.
- Applicant must submit original Share Certificate, Municipal / Grampanchayat Tax Bill, Tax Receipt, Sale Deed etc. for registered mortgage.
- Housing Loan repayment period is maximum 60 / 72 / 84 / 96 / 120 months with EMI.
- Interest will be debited every month.
- Search & Title Report and Valuation Report and Valuation Report will be done by bank-approved Advocate and Valuer. Applicant has to bear their charges.
- Processing charges are applicable as per bank rules.
- Applicant can open a Savings Account in our Bank.
- Stamp charges are applicable as per Government of Maharashtra Stamp Department.
