Rate of interest
- 12.00% p.a. up to Rs.20.00 lakhs For 10 Years
Documentation
- Duly filled prescribed application form
- Photo Identity & Residence Proof of the Applicant & Guarantor
- 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.20.00 lakhs
Wide Circular no
कं.फा(46) बानासबैंक/सरकुर्लर/2020-21/दिनांक 16.07.2021
Maximum Repayment Period
120 months
Margin
40% of Property 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
For all Domestic and Social Work
Shareholding/Membership Contribution
2.50% of loan amount.
Guarantors
Two guarantors as acceptable to the Bank. (With good net worth)