Features & Benefits:
- Attractive Interests Rates.
- Balance transfer Facility.
- Doorstep Service.
- Minimum Documentation.
- Nominal Prepayment Charges.
- No Requirement of Income Tax Return.
- Highest Loan to Value of 70% of the Valuation.
- The rate of Interest for purchase of House will be @ 1.5% per month.
- The rate of interest for Construction Loan will be @ 1.5% per month.
Requirements for Application:
- Application form duly filled in.
- Residence and Age verification, which may be established from the PAN card, Election ID, Passport, Driving license and Ration card etc.
- Copy of approved plan and sanction letter from local civic authority.
- Copy of NA permission.
- One/two guarantor/s form/s and salary certificates. - If guarantor is in business, copies of I.T. returns or assessment orders for the last three years are required.
- Bank Pass-book of statements for the last one year.
- Latest salary slip/statement showing all deductions in case of employed applicants.
Additional Requirement for Housing Loan:
A. (In Case of Purchase From Builder)
- Sales Deed.
- Agreement for sale.
- Registration receipt.
- Copy of sanctioned plan & sanction letter of the competent authorities.
- NA permission.
- Receipts of payments already made.
- NOC from builders in our format.
B. (In Case of Direct Allotment on A Co-Operative Housing Society)
- Allotment letter.
- Share certificate, Society registration certificate.
- Copy of sale/lease deed in favour of the society.
- NOC from society in our format.
- Possession letter in original.
- NOC from builders in our format.
C. (In Case of Resale)
- Copy of all previous vendors agreements duly stamped and registered and the registration receipts. (Original to be given before disbursement).
- NOC from Society/Builder in our format.
- Original Share Certificate.
Terms & Conditions and Charges:
- Initial login fee of Rs. 2100/- will be charged from the applicant.
- Rs. 6,000/- will be deducted from disbursement amount on account of Processing Fees, legal and valuation charges etc.
- The rate of interest will be @ 1.5% per month.
- Avail loan amount ranging from Rs. 25,000 to Rs. 2 Lakhs.
- The valuation of the Property and related legal work will be done by PUSHTI NIDHI LIMITED through professionalsauthorized by the Company.
- Mortgage Registration charges will be borne by the borrower.
- The loan instalment will be paid on monthly basis.
- Instalment Bouncing charges od Rs. 1,000/- per instalment will be charged to borrower for instalments bounced.
- In case of non-payment of instalment for 12 months, the loan account shall be treated as NPA and necessary legal action will be initiated.
- The expenditure on legal proceeding against NPA account plus due loan amount and 5% penalty interest will be recovered from the borrower.