Rate of interest
- 08.50% p.a. up to Rs.25 lakh (Residential Building) For 5 Years, 10 Years, 15 Years and 20 Years.
- 09.00% p.a. 25.00 lakh to 1.40 crore (Residential Building) For 5 Years, 10 Years, 15 Years and 20 Years.
- CRE(Corporate real estate)
- 09.75% p.a. upto 1.50 crore (Commercial Building) For 5 Years, 10 Years, 15 Years and 20 Years.
Documentation
- Duly filled prescribed application form Photo Identity & Residence Proof of the Applicant & Guarantor Allotment Letter /Estimate of Construction-Repairs-Renovation as the case may be.
- Income proof a) or b) from below as applicable Salaried person: salary slips for last 6 months, ITR/Form 16 for last 3 years. Bank Statement for last 6 months Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 6 months.
- Legal Documents for creating mortgage as per requirement
Maximum Amount
Rs.50.00 lakhs (Residential Building)
Rs.70.00 lakhs (Commercial Building)
Rs.70.00 lakhs (Commercial Building)
Wide Circular no
कं.फा(46) बानासबैंक/सरकुर्लर/2020-21/दिनांक 16.07.2021
Maximum Repayment Period
240 months
Margin
25% on agreement value/25% on estimated value
Eligibility
Professionals, businessman, salaried employees and self employed
Processing Fees
As per policy of the Bank from time to time. At present NIL.
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.
Shareholding/Membership Contribution
2.50% of loan amount.
Guarantors
Two guarantors as acceptable to the Bank. (With good net worth)