Information
Buying a house is almost always the biggest financial transaction of a life time. Very few people are able to fund it themselves due to the high cost of the asset. Hasti Co-Operative Bank Limited offers you attractive home loans to help you finance your house purchase.
Purpose:
- Construction of own house.
- Purchase of ready built house/ flat / resale flat.
- For takeover of housing loans from other banks/institutions.
Eligibility :
- Employees of reputed and financially sound organization.
- Minimum Gross take home salary of INR.15,000/- per month.
- Professional / Business men / self employed persons having sound financial position as per the Income tax returns for minimum period of 3 years.
- Co-borrower i.e. close relative like spouse, parent, sister, brother could also be considered for loan eligibility.
- Where the property is held in joint names, all the joint holders to join as co-borrowers to the loan.
Security :
- Equitable / Registered mortgage of the flat / residential accommodation proposed to be purchased, constructed, repaired, renovated as advised by the bank advocate.
Loan amount :
- Purchase / construction of new / old residential accommodation - Maximum of Rs.70 lakhs.
- For Repairs / Renovation - Maximum of Rs.5 lakhs.
Repayment :
- 240 Equated Monthly Instalments.
- Repairs / Renovation – Maximum 60 EMI.
Documents :
- i. Income Proof of Applicant(s) & Guarantor(s)
- ii. Residential Proof of Applicant(s) & Guarantor(s)
- iii. Property Documents
- iv. PAN Card of Applicant(s) & Guarantor(s)
- v. KYC of Applicant(s) & Guarantor(s)
- Prime Security : Dwelling Unit/s under construction/ready possession to be purchased.
- Two Acceptable Guarantors and Security holders to be also taken as guarantors.
