Kalyan Gramin Gruh Nirman

Kalyan Gramin Gruh Nirman

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Overview

The scheme is designed for the people located in Grampanchayat area to purchase or build home as per need. Now you can show your 7/12 extract and construct your own bungalow for residence near by your business place or farm which will allow you to access your business activity and your home at same time.

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Purpose & Eligibility

  • Purpose:
    • For construction of House / bungalow in Grampachayat / Gaothan area where construction permission is given by Grampanchayat and 7/12 extract / Sanad / Property card is available in name of applicant /s.
    • For purchase of home / dwellings, where permission is given by Grampanchayat and registered sale deed is available in name of applicant /s.
  • Eligibility :
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      Salaried Individuals :

    • Total deductions, including the repayment of proposed loan, should not exceed 65% of gross income of Borrower.
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      Non Salaried Individuals :

    • Borrower’s Average 3 years gross income to be considered.
    • Total deduction including the present & proposed loan repayment obligations should not exceed 65% of average gross income of Borrower.
    • If income is in decreasing trend, last year’s income to be considered.
    • No Agricultural Income would be reckoned and considered for eligibility purpose, under the scheme.

Quantum & Tenure

  • Quantum :
    • Minimum loan amount : ₹ 2 lakh
    • Maximum loan amount : ₹ 10 lakh
  • Tenure :
    • Maximum period - up to 10 Years
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Documentation

  • Basic Documents :
    • In case of new customer, applicant & guarantors need to open savings / current account
    • Duly signed loan agreement
  • 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 individuals :
    • 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

    • Registered Legal Mortgage of Land & House / bungalow to be constructed OR dwelling to be constructed / purchased in Grampanchayat area.

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 of bank.
    • Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
    • If property is in Gaothan area, assessment list i.e.Namuna-8 from Grampanchayat and sanad.
    • In case of construction of House / Bungalow wherein 7/12 extract is available, bank’s charge on 7/12 Extract to be registered
    • Latest Property Tax Receipt are to be furnished.

Interest Rates

Tools & Calculater

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