• bnsbbaran@gmail.com
  • 07453-230343

Housing Loan

Type of Facility Housing Loan
Maximum amount Rs.50.00 lakhs (Residential Building)
Rs.70.00 lakhs (Commercial Building)
Rate of interest
  • 07.50% p.a. up to Rs.25 lakh (Residential Building) For 5 Years,10 Years,15 Years and 20 Years.
  • 07.90% p.a. 25.00 lakh to 1.50 crore (Residential Building) For 5 Years,10 Years,15 Years and 20 Years.
  • 09.00% p.a. upto 1.50 crore (Commercial Building) For 5 Years,10 Years,15 Years and 20 Years.
Wide Circular no : daz-Qk¼46½ ckuklcSad@ljdqyZj@2020&21@11223&35@fnukad 16-06-2020
Maximum repayment period 240 months
Margin 25% on agreement value/25% on estimated value
Eligibility Professionals, businessman, salaried employees and self employed
Purpose To purchase ownership flat/constructed to house/repairing house Construction/purchase (direct or in re-sale) of house/flat/ and/or repairs-renovations/extensions of own residence.
Processing fees As per policy of the Bank from time to time. At present NIL.
Shareholding/Membership Contribution 2.50% of loan amount.
Guarantors Two guarantors as acceptable to the Bank. (With good net worth)
  1. Duly filled prescribed application form
  2. Photo Identity & Residence Proof of the Applicant & Guarantor
  3. Allotment Letter /Estimate of Construction-Repairs-Renovation as the case may be.
  4. Income proof a) or b) from below as applicable
  5. Salaried person: salary slips for last 6 months, ITR/Form 16 for last 3 years. Bank Statement for last 6 months
  6. Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 6 months.
  7. Legal Documents for creating mortgage as per requirement