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.

  Particulars
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 )

( *

1) For House/flat under construction House/flat for ready possession 25% * 15%

2) At the time of stage wise disbursement and while making final payment for
execution of sale deed overall margin to be maintained at 15%.

3)  For the Business person under Turnover method margin will be 25% irrespective of amount.)

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 31/12/2018.
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/- )
Guarantee
Category of customer Average CIR score is Third party quarantee
New and Existing customers 700 and above There is no requirement of Third party quarantee.
Existing borrower customer enjoying credit facilities with our bank for last 12 months and conduct of the account is satisfactory -1 or 0,Less than 700

One guarantor is requted.

However, Branch Managers/respective sanctioning authority are delegated powers to waive third party guarantee based on merits of the case. They have to incorporate justification for waiver of guarantee

New customers -1 or 0, 625 & above and less than 700

One guarantor is required.

However,one level higher than sanctioning authority is delegated powers to waive third party guarantee based on merits of the
case

New customers Less than 625

Two guarantors are requted.

However,GOE is delegated powers to waive third party guarantee based on merits of the case.

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.

"PROVISION FOR SUBSIDY UNDER CLSS-PRADHAN MANTRI AWAS YOJANA IN ELIGIBLE CASES"* FROM HUDCO t&c apllies
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All Rights Reserved by The Kalupur Commercial Co-operative Bank LTD.

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