For purchase of dwelling unit i.e. flat, row house, bungalow under construction or ready possession, first sale or resale.
Housing loans upto rs. 70.00 lacs for buying a new house
margin: 20% of sale agreement / cost of construction + stamp duty and registration fees.

Eligibility
1. For salaried persons :
Employees of reputed and financially sound organisation.
minimum take home salary of INR. 15000/- pm and confirmed service for at least one year.
2. For businessmen & professionals :
Business should have establishment of minimum of three years.
3. Co-Applicant :
Spouse/Parents of the applicant can be taken if required.

Share Holding
Loan upto Rs. 1.00 lacs- nominal membership of Rs.25/-
Loan above Rs 1.00 lacs (secured) - 2.5% of loan amount. Share holding limit to borrower Rs. 10.00 lakhs.

Loan Limit
Maximum upto 70.00 lacs

Repayment
maximum 120 / 180 / 240 months inclusive of moratorium period of maximum 18 months 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.

Documents
* Proof of residence of the applicant(s)
* Proof of identification of the applicant(s)
* Two recent passport size color photographs
* Bank statement of last one year
* Repayment track record of previous loans, if any

Income Proof:
For salaried :
salary slips of past 3 months form 16, 26 as and income tax returns of past 3 years.
for businessmen :
Income tax returns, profit and loss account and balance sheet of past 3 years.

* No pre-payment penalty.
* Rate of interest is applicable from time to time.
* Service charges are applicable from time to time.
* Margin is applicable from time to time.
* Housing loan for NRI also available.