Get rid of your owner's house & also re-decorate your home as you wanted to. Avail the home loan facility with Kalyan Janata Sahakari Bank & get the benefit of Pradhan Mantri Awas Yojana.
Purchase of ready built / under construction house or flat. (RERA registration certificate of the builder is compulsory)
Purchase of non-agricultural plot with fixed / confirmed plans to construct house thereon within specific period and should be for residence.
Purchase of new / old residential house / flat
Take-over of housing loan availed from another bank / financial institution
(B) IN TOP-UP LOAN CATEGORY :
House repairing / renovation / Interior decoration / extension / expansion of house property Only after completion of 36 months repayment period & subject to :
Regular repayment of existing housing loan account
Consideration of required margin for housing loan outstanding compared to latest valuation of the property
Source of income should be sufficient to cover EMI of existing housing loan & proposed top-up loan
Existing guarantor / s to be continued or option of new guarantor
Take-over of housing loan availed from another bank / financial institution
Eligibility :
Salaried Individuals :
Min age of the applicant: 22 years
Max age of the applicant (At loan Maturity): 70 yrs or retirement age, whichever is earlier (subject to submission of proof for continuity of income)
Non Salaried Individuals :
Min age of the applicant: 25 years
Max age of the applicant (At loan Maturity): 65 yrs or retirement age, whichever is earlier (subject to submission of proof for continuity of income)
Quantum & Tenure
Quantum :
(A) IN GENERAL LOAN CATEGORY
₹ 5 lakhs
₹ 70 lakhs (subject to limit allowed by RBI)
(B) IN TOP-UP LOAN CATEGORY
₹ 10 lakhs (in case, property situated in urban areas)
₹ 5 lakhs (in case, property situated in semi urban / rural areas)
Tenure :
Maximum period : up to 20 Years
In case of takeover cases, repayment shall be for residual period
Documentation
Basic Documents :
In case of new customer, applicant & guarantors need to open savings / current account
Duly signed loan agreement
Copy of Bank deposits / Life Insurance Policies / Other Investments (if any)
KYC documentation
Proof of identity
Address proof of applicant
3 Passport sized photographs
Application Form
Duly filled & signed loan application form
Bank Statement
Bank statement for last one year
For Salaried individuals :
Last 3 months’ – salary slips
Form 16 or Income Tax Return
If an applicant Is a self-employed individual :
Income tax returns of last 3 years, 26 AS from traces
Financial statements including balance sheet, profit & loss account and computation of income for last 3 years
Licenses / permissions from competent authorities
ROI & Other Conditions
ROI :
Please click here to know about latest ROI & Service Charges.
Applicant has to be a regular shareholder of the bank. The guarantors have to be either a regular member (shareholder) or a nominal member (in case of loan amount up to ₹ one lakh) of bank
Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
Collateral Securities, if stipulated, to be submitted before disbursement. In case of assignment of LIC policies, original policies to be deposited and assignment formalities to be completed before disbursement.
Search report and title clearance report for the property to be obtained from bank’s panel advocate. Professional fees / charges for the same to be borne by the applicant, even if the loan proposal is not sanctioned by the bank.
In case of re-sale property, valuation is to be carried out by bank’s panel valuer. Professional fees / charges for same to be borne by applicant, even if loan proposal is not sanctioned by the bank.
All conditions stipulated in the advocate’s title clearance report are to be fulfilled by the applicant before consideration of the loan proposal.
Inspection of the property / site will be carried out by bank officials. Applicant has to make necessary arrangements for this.
In case of take-over, pay-order / RTGS / NEFT will be issued / remitted directly in the name of the bank / financial institution / builder/ vendor. Immediately after disbursement, stamped receipt and possession letter from the builder / vendor to be submitted to the bank.
Undertaking to be obtained from borrower that the facility shall not be utilised for any speculative purpose.
Formalities regarding recording bank’s charge on the property by the builder / co-operative housing society and transfer of share certificate in the name of the applicant / borrower by the co-operative housing society, are to be completed as early as possible. The applicant / borrower has to ensure and take active responsibilities for this.
Before disbursement, applicant has to provide margin money and necessary amount to meet all the expenses (as mentioned above & as per service charges). Adequate amount for the purpose is to be deposited in the bank account in advance.
