Kal Housing Loan

Own house is a dream of everyone. We convert the dream to reality and make you proud owner of your own house. We provide finance up to Rs.70.00 lacs at reasonable interest rate .Drop in at any of our branches and go back with a smiling face.

Purpose (i) For construction of Bunglow/Tenaments
(ii) For purchase of ready build flat/Tenament/Raw house
(iii) For repairing/renovation of flat/Tenament
Loan Amount Max 70.00 Lacs or 85% of sale deed which ever is lower.
Margin 15% of sale deed ( 25% in case of House under construction )
Repayment Period 20 years
Rate of interest
  CIR SCORE Interest Rate
For both EMI and NON EMI Upto 25 Lac  
  700 & above 8.30%
  650-699 & (0 to 5 or -1 Score ) 8.50 %
  Less than 650 8.70 %
For both EMI and NON EMI More than 25 Lac  
  700 & above 8.50%
  650-699 & (0 to 5 or -1 Score ) 8.70 %
  Less than 650 8.90 %

Note: Women applicants will be eligible for further concession of 0.10% in above mentioned revised interest rates.


Processing fee

Upto Rs. 25 lacs : No processhg fees upto 25.00 lacs till 30/06/2018.
Above Rs. 25 lacs : 0.20% of sanctioned amount + GST
(subject to maximum of Rs. 7500 + GST)

Share linking 1% of the loan amount sanctioned ( Max. 25000/- )

Two guarantor possessing property and also Income tax-payer.
Waive the requirement of one guarantor for the following types of borrowers of housing loan :
1) Age above 35 years with regular, steady and proven record of income for last five years.
2) In case of professionally qualified persons with age above 30 years with minimum income of Rs 50,000/ p.m.

Security Mortgage of Flat/Tenament/Raw house/Apartment
Eligibility criteria 40% of Average monthly income be equivalent or less than proposed monthly Installment and interest after deduction of other loans EMI.

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All Rights Reserved by The Kalupur Commercial Co-operative Bank LTD.

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