House Hold Loan

Guideline for Loan

Loan Amount Upto 25 Lacs - Interest Rate: 11.00%
Above 25 Lacs upto 70 Lacs - Interest Rate : 11.00%
Period U240 Months
Security Registered equitable mortgage over finance property.
  • Housing Loan upto Rs.70/lacs is available for construction/purchase of old/new flat, bungalow,raw house and also for carryout addition/alteration in the existing residential house.

Applicant details:

  • Copy of Last Three years income tax return / Pay slip of last 3 months.
  • If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.
  • If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.
  • Copy of authorised building plan.
  • Copy of receipt of advanced payment-made/copy of agreement to sale.
  • Copy of title clearance certificate given by the advocate/ solicitor.
  • Consent letter from the society about noting of charge of the bank.
  • Three copies of Photograph.
  • Copy of PAN Card.
  • Address proof - electric bill /telephone bill (any one)
  • Photo proof - Pan card / Voter card / Driving license (Any one)

Guarantor Details

  • Photograph- two copies
  • Last tax bill.
  • Last income tax return copy.
  • Address proof - electric bill /telephone bill (any one) As per KYC norms.
  • Copy of PAN Card.
  •  

Conditions

  • Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society's record.
  • Margin - 15% for new/old property.(Ready possession).
  • N.A/.N.O.C and BU permission required for sanction of Housing loan.
  • Applicant will have to take insurance of the building in favour of bank.
  • Loan amount with interest will be repaid within 240 equal monthly instalments.
  • Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.
  • Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  • Applicant has to take share @ 2.5% of the limit.
  • Processing charges - NILL.

Bank Detail

Contact Us

  • Head Office : Wadi Chokhandi, Vadodara-390017
  • Phones : 265-2583933
  • FAX : 265-2582245
  • Email : info@alavibank.com
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