Features / Benefits

• 75% of the valuation or a maximum of Rs. 40 lakhs whichever is less.
• No fee is charged if the loan is repaid before the due date.
• Loan security insurance policy
• EMI facility is available.
• Loan installments can be paid through daily deposits, cheques or ECS.

Eligibility

• The applicant must be a member of the organization.
• There must be sufficient income to repay the loan.
• There should be two capable landlord members who can repay the loan individually.
• They should not be landlords from the same family.
• A member can have a maximum of two loans.
• The member will have to bear the registration cost of the loan, stamp duty and other expenses.
• There must be transactions in the savings account.

Required Documents

• Salary slip / Income certificate / Income tax return sheets of the last three years of the applicant and the landlord. (Must be certified by CA)
• Updated photograph of the applicant and the guarantor.
• Aadhar card, PAN card, light bill, ration card e.t.c. of the applicant and the guarantor. Xerox.
• Bank statement of the applicant and guarantor for the last 6 months.
• All chain documents from the primary to the sale of the house.
• Construction completion certificate, occupancy certificate, architect's plan, possession receipt.
• Certified copy of the society / apartment / housing society registration certificate.
• Original share certificate of the society, no objection certificate of the society / builder.
• Original receipts of the amount paid for the purchase of the house, original share certificate of the housing society.
• Electricity bill of the mortgaged property, maintenance receipts, property and other tax payment receipts.
• Title report of the property, search report and valuation of the property by the authorized valuer of the organization are required.