Home Loan

Sr. No.	Conditions	Requirements
1	Maximum limit	Limit Rs. 40.00 lacs per employee.
2	Eligibility	Minimum age of 21 years or  Maximum age of 65 years/ Individual/Business/Govt. employee 50 times of avg. net montly income of last three yrs./50 B.P. + D.A. respectively. The loan will be provided to the eligible borrowers within the whole distt. Panchkula.
3	Purposes	For purchase/ construction of house/Flat, Purchase of residential Plot/ Payment of installment /Installments of plots allotted by HUDA. Repair & Renovatiion of the dwelling .Payment of earnest money of HUDA plots.
4	Repayment	Max. 20 yrs or up-to 58 yrs. of age. The loan amount will be repaid in equated monthly installments/ the pre payment of the entire lone or an installment/installment will be permissible without any extra charge. EMI shall be payable by 15th of every month either by check or demand draft.
5	Margin	25%
6	Security	Mortgage and Mutation of property, two guarantors, Post Dated Check.
7	Rate of Interest	Rural 9% , Urban 8%
		School and College 10%
8	Required Documents	Duly completed application form /one passport size photograph /proof of residence/Sale Deed agreement/
		TDS Certificate / Three year I. T. returns duly acknowledged by ITO/assessment orders for computation of income.
		Salary certificate from employ. Photocopies of challans of Advance I.T. paid  .
		For more Details contact to our nearest Branch.