Shrimant Malojiraje Sahakari Bank Ltd.

Home Loan

Purpose	Purchase Or Construction of house, bungalows, flat etc Addition / alterations /repairs to the existing residential accommodation. Taking over the existing Housing loans of other banks or Financial Institutions.
Who can Benefit this Loan	Any Account Holder who is salaried employee / Businessman / Professional with repaying capacity
Eligibility	For purchase of flat / Bungalow etc. Registered Agreements value plus stamp duty, registration fees or value as per valuation form our panel valuer whichever is less. For construction of house, bungalows, etc. and Additions / alterations / repairs – As per estimate / quotations submitted.
Limit	Loan up to Rs. 70.00 lakh as per RBI guidelines.
Margin	25% on eligible amount as per purchase / Repairing Cost
Security	Registered mortgage of the Said Property Additional Collateral Security ( If required ) Deposition of original title deed with bank
Repayment Payment	Maximum 240 month (including moratorium period)
Moratorium	Till completion of construction or 18 Months from the date of disbursement whichever is early
Documents	Loan Application form Income proof for last three years if businessman / current 3 months’ payslips if salary earner, form no 16 of last year KYC of borrower and Guarantors Commencement certificate / Permission of construction from Govt.Authority Search report / Title clearance certificate from Advocate 7/12 Extract Approved Plan Agreement for Sale / Sale Deed / Allotment Let Chain of Documents of flat is purchased in resale Share Certificate, maintenance receipt Occupation Certificate Builder’s / Society’s/ Mhada’s/Cidco’s NOC letter Advance payment receipts
Positive points	No Prepayment charges No Pre Closure Charges

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