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Home Loan<\/p>
HOUSING LOAN-NEW HOUSE\/REPAIRS\/RENOVATION<\/p><\/td><\/tr>
PURPOSE<\/p><\/td>
1. Purchase of residential flat<\/p><\/td><\/tr>
2. Purchase of land & construction of Residential house<\/p><\/td><\/tr>
3. Repairs\/additions\/alterations to the flat<\/p><\/td><\/tr>
ELIGIBILITY<\/p><\/td>
Salaried persons\/Self Employed\/Professionals\/ Businessman<\/p><\/td><\/tr>
MAX.LOAN AMT.<\/p><\/td>
Repairs : Rs.5.00 lacs Purchase of house:Rs.70.00 lacs<\/p><\/td><\/tr>
RATE OF INTEREST<\/p><\/td>
8.25% p.a. at monthly rests<\/p><\/td><\/tr>
MODE OF REPAYMENT<\/p><\/td>
PDCS\/ECS\/THRU ACCOUNT<\/p><\/td><\/tr>
MARGIN<\/p><\/td>
25%<\/p><\/td><\/tr>
AMT.ELIGIBILITY<\/p><\/td>
1. In case of Housing Finance 75% of the agreement \/market value, whichever is less. In case of under construction buildings, disbursement of the loan will be on stage wise depending<\/p>
on the certificate issued by the Architect\/Builder.<\/p>
2. In case of Repairs Quotation\/Estimate in case of repairs to existing flat\/house.<\/p><\/td><\/tr>
INCOME ELIGIBILITY<\/p><\/td>
SALARIED INDIVIDUALS<\/p><\/td><\/tr>
1. Drawing gross salary upto Rs.20,000\/-. Maximum loan amount would be 45 times of take home(net) salary<\/p><\/td><\/tr>
2. Drawing gross salary above Rs.20,000\/-. Maximum loan amount would be 50 times of take home(net) salary<\/p><\/td><\/tr>
BUSINESSMEN\/SELF EMPLOYED\/PROFESSIONALS<\/p><\/td><\/tr>
1. Having Cash Accruals upto Rs.2.50 lacs(i.e. Net Profit +Depreciation)- Maximum loan amount would be 3.50 times of the average cash accruals for the last three years<\/p><\/td><\/tr>
2. Having Cash Accruals above Rs.2.50 lacs(i.e. Net Profit +Depreciation)- Maximum loan amount would be 5 times of the average cash accruals for the last three years<\/p>
\u00a0<\/p><\/td><\/tr>
FOR BOTH THE ABOVE, TAKE HOME SALARY SHOULD BE MINIMUM 35% OF THE GROSS SALARY INCLUSIVE OF THE PROPOSED LOAN REPAYMENT<\/p><\/td><\/tr>
DURATION OF SERVICE\/ BUSINESS<\/p><\/td>
\u2013 3 years confirmed service. Business\/Professional-3 yrs<\/p><\/li><\/ol><\/td><\/tr>
PRIMARY SECURITY<\/p><\/td>
Equitable\/Regd.Mortgage of the premises to be purchased out of bank finance<\/p><\/td><\/tr>
COLLATERAL SECURITY<\/p><\/td>
On case to case basis<\/p><\/td><\/tr>
GUARANTORS<\/p><\/td>
Two guarantors of good means acceptable to the bank<\/p><\/td><\/tr>
PROCESSING FEES<\/p><\/td>
0.50% of the loan amount.<\/p><\/td><\/tr>
SHARE LINKAGE<\/p><\/td>
Borrowers-2.50 % of the total loan amount. Guarantors-40 shares<\/p><\/td><\/tr>
REQUIREMENTS<\/p><\/td>
1. Loan application form<\/p><\/td><\/tr>
2. Borrowers and guarantors-3 years I.T. returns for business and Form 16 in case of salaried persons<\/p><\/td><\/tr>
3. Borrowers\/guarantors-6 months salary certificate in case of salaried persons<\/p><\/td><\/tr>
4. Account to be opened fulfilling the KYC norms\/ KYC norms for guarantors to be complied with.<\/p><\/td><\/tr>
5. Borrowers\/Guarantors- Bank statement for last 6 months of the applicant\u2019s existing bankers<\/p><\/td><\/tr>
6. Chain of original agreements of the property to be purchased out of bank finance starting from builder till the applicant<\/p><\/td><\/tr>
7. Registration Receipt<\/p><\/td><\/tr>
8. Stamp Duty Receipt<\/p><\/td><\/tr>
9. Share Certificate of the society, wherever applicable<\/p><\/td><\/tr>
10. NOC from builder\/society before sanction of the facility<\/p><\/td><\/tr>
11. NOC confirmation from builder\/society after sanction of the facility but before disbursement<\/p><\/td><\/tr>
12. All payment receipts<\/p><\/td><\/tr>
13. Title clearance<\/p>
certificate from panel advocate-charges to be borne by the applicant<\/p>
\u00a0<\/p><\/td><\/tr>
14. Valuation report of the premises in case of resale of flat-Charges to be borne by the applicant<\/p><\/td><\/tr>
15. Occupation certificate<\/p><\/td><\/tr>
16. Property to be insured with bank clause<\/p><\/td><\/tr>
17. Documents as mentioned by Bank\u2019s empanelled Lawyer.<\/p><\/td><\/tr>
OTHER CONDITIONS<\/p><\/td>
Borrowers\/Guarantors should have satisfactory track record and should not be an NPA with any other banks\/FI.<\/p><\/td><\/tr><\/tbody><\/table>
** Terms & Conditions Applied.<\/p>
\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/section>
\u00a0<\/p><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/body>","protected":false},"excerpt":{"rendered":"
Home Loan HOUSING LOAN-NEW HOUSE\/REPAIRS\/RENOVATION PURPOSE 1. Purchase of residential flat 2. Purchase of land & construction of Residential house 3. Repairs\/additions\/alterations to the flat ELIGIBILITY Salaried persons\/Self Employed\/Professionals\/ Businessman MAX.LOAN AMT. Repairs : Rs.5.00 lacs Purchase of house:Rs.70.00 lacs RATE OF INTEREST 8.25% p.a. at monthly rests MODE OF REPAYMENT PDCS\/ECS\/THRU ACCOUNT MARGIN 25% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-154","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":4,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154\/revisions"}],"predecessor-version":[{"id":294,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154\/revisions\/294"}],"wp:attachment":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/media?parent=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

HOUSING LOAN-NEW HOUSE\/REPAIRS\/RENOVATION<\/p><\/td><\/tr>
PURPOSE<\/p><\/td>	1. Purchase of residential flat<\/p><\/td><\/tr>
2. Purchase of land & construction of Residential house<\/p><\/td><\/tr>
3. Repairs\/additions\/alterations to the flat<\/p><\/td><\/tr>
ELIGIBILITY<\/p><\/td>	Salaried persons\/Self Employed\/Professionals\/ Businessman<\/p><\/td><\/tr>
MAX.LOAN AMT.<\/p><\/td>	Repairs : Rs.5.00 lacs Purchase of house:Rs.70.00 lacs<\/p><\/td><\/tr>
RATE OF INTEREST<\/p><\/td>	8.25% p.a. at monthly rests<\/p><\/td><\/tr>
MODE OF REPAYMENT<\/p><\/td>	PDCS\/ECS\/THRU ACCOUNT<\/p><\/td><\/tr>
MARGIN<\/p><\/td>	25%<\/p><\/td><\/tr>
AMT.ELIGIBILITY<\/p><\/td>	1. In case of Housing Finance 75% of the agreement \/market value, whichever is less. In case of under construction buildings, disbursement of the loan will be on stage wise depending<\/p> on the certificate issued by the Architect\/Builder.<\/p> 2. In case of Repairs Quotation\/Estimate in case of repairs to existing flat\/house.<\/p><\/td><\/tr>
INCOME ELIGIBILITY<\/p><\/td>	SALARIED INDIVIDUALS<\/p><\/td><\/tr>
1. Drawing gross salary upto Rs.20,000\/-. Maximum loan amount would be 45 times of take home(net) salary<\/p><\/td><\/tr>
2. Drawing gross salary above Rs.20,000\/-. Maximum loan amount would be 50 times of take home(net) salary<\/p><\/td><\/tr>
BUSINESSMEN\/SELF EMPLOYED\/PROFESSIONALS<\/p><\/td><\/tr>
1. Having Cash Accruals upto Rs.2.50 lacs(i.e. Net Profit +Depreciation)- Maximum loan amount would be 3.50 times of the average cash accruals for the last three years<\/p><\/td><\/tr>
2. Having Cash Accruals above Rs.2.50 lacs(i.e. Net Profit +Depreciation)- Maximum loan amount would be 5 times of the average cash accruals for the last three years<\/p> \u00a0<\/p><\/td><\/tr>
FOR BOTH THE ABOVE, TAKE HOME SALARY SHOULD BE MINIMUM 35% OF THE GROSS SALARY INCLUSIVE OF THE PROPOSED LOAN REPAYMENT<\/p><\/td><\/tr>
DURATION OF SERVICE\/ BUSINESS<\/p><\/td>	\u2013 3 years confirmed service. Business\/Professional-3 yrs<\/p><\/li><\/ol><\/td><\/tr>
PRIMARY SECURITY<\/p><\/td>	Equitable\/Regd.Mortgage of the premises to be purchased out of bank finance<\/p><\/td><\/tr>
COLLATERAL SECURITY<\/p><\/td>	On case to case basis<\/p><\/td><\/tr>
GUARANTORS<\/p><\/td>	Two guarantors of good means acceptable to the bank<\/p><\/td><\/tr>
PROCESSING FEES<\/p><\/td>	0.50% of the loan amount.<\/p><\/td><\/tr>
SHARE LINKAGE<\/p><\/td>	Borrowers-2.50 % of the total loan amount. Guarantors-40 shares<\/p><\/td><\/tr>
REQUIREMENTS<\/p><\/td>	1. Loan application form<\/p><\/td><\/tr>
2. Borrowers and guarantors-3 years I.T. returns for business and Form 16 in case of salaried persons<\/p><\/td><\/tr>
3. Borrowers\/guarantors-6 months salary certificate in case of salaried persons<\/p><\/td><\/tr>
4. Account to be opened fulfilling the KYC norms\/ KYC norms for guarantors to be complied with.<\/p><\/td><\/tr>
5. Borrowers\/Guarantors- Bank statement for last 6 months of the applicant\u2019s existing bankers<\/p><\/td><\/tr>
6. Chain of original agreements of the property to be purchased out of bank finance starting from builder till the applicant<\/p><\/td><\/tr>
7. Registration Receipt<\/p><\/td><\/tr>
8. Stamp Duty Receipt<\/p><\/td><\/tr>
9. Share Certificate of the society, wherever applicable<\/p><\/td><\/tr>
10. NOC from builder\/society before sanction of the facility<\/p><\/td><\/tr>
11. NOC confirmation from builder\/society after sanction of the facility but before disbursement<\/p><\/td><\/tr>
12. All payment receipts<\/p><\/td><\/tr>
13. Title clearance<\/p> certificate from panel advocate-charges to be borne by the applicant<\/p> \u00a0<\/p><\/td><\/tr>
14. Valuation report of the premises in case of resale of flat-Charges to be borne by the applicant<\/p><\/td><\/tr>
15. Occupation certificate<\/p><\/td><\/tr>
16. Property to be insured with bank clause<\/p><\/td><\/tr>
17. Documents as mentioned by Bank\u2019s empanelled Lawyer.<\/p><\/td><\/tr>
OTHER CONDITIONS<\/p><\/td>	Borrowers\/Guarantors should have satisfactory track record and should not be an NPA with any other banks\/FI.<\/p><\/td><\/tr><\/tbody><\/table> ** Terms & Conditions Applied.<\/p> \u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/section> \u00a0<\/p><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/body>","protected":false},"excerpt":{"rendered":" Home Loan HOUSING LOAN-NEW HOUSE\/REPAIRS\/RENOVATION PURPOSE 1. Purchase of residential flat 2. Purchase of land & construction of Residential house 3. Repairs\/additions\/alterations to the flat ELIGIBILITY Salaried persons\/Self Employed\/Professionals\/ Businessman MAX.LOAN AMT. Repairs : Rs.5.00 lacs Purchase of house:Rs.70.00 lacs RATE OF INTEREST 8.25% p.a. at monthly rests MODE OF REPAYMENT PDCS\/ECS\/THRU ACCOUNT MARGIN 25% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-154","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":4,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154\/revisions"}],"predecessor-version":[{"id":294,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/154\/revisions\/294"}],"wp:attachment":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/media?parent=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}