{"id":105311,"date":"2024-05-20T10:40:30","date_gmt":"2024-05-20T10:40:30","guid":{"rendered":"https:\/\/www.mahaveerbank.com\/?page_id=105311"},"modified":"2024-05-21T10:55:24","modified_gmt":"2024-05-21T10:55:24","slug":"housing-loan","status":"publish","type":"page","link":"https:\/\/www.mahaveerbank.com\/?page_id=105311","title":{"rendered":"Housing Loan"},"content":{"rendered":"\t\t
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\n Mahaveer Bank<\/span><\/a><\/span> > Blog<\/span><\/a><\/span> <\/div>\n <\/div> \n \n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\tHousing Loan\t\t\t \n\t\t\t<\/h1> \n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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For purchase\/ construction\/repairs of house \/ flat.<\/p>

For Below 10 Lacs \u2013 13% ( On Actual Diminishing Balance)<\/p>

Above 10 lacs \u2013 25 lacs \u2013 15%( On Actual Diminishing Balance)<\/p> \n \t<\/div>\n \t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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  • Share Linkage - 2.5% of Sanctioned\u00a0 Amount\u00a0 and Guarantor \u2013 Minimum 10 Shares<\/li>
  • Repayment Period - 7 Years<\/li>
  • Processing Fees - 1% of loan amount + service tax<\/li>
  • Stamp Duty \u2013 A.P. Govt. Stamp Act \u2013 0.5% of Sanctioned Amount.<\/li>
  • Personnel Guarantee \u2013 One Person<\/li>
  • Pre closure Charges \u2013 NIL<\/li>
  • Advance Repayment accepted.<\/li>
  • Sale deed with 30 years link document.<\/li>
  • Agreement of sale in case of purchasing of Flat\/House.<\/li>
  • Estimated cost \u00a0of construction from Chartered Engineer.<\/li>
  • Latest E.C. and Property Tax receipt.<\/li>
  • Sanction Plan or Permission<\/li>
  • Last 3 years Certified\u00a0 I T Returns or Latest Salary Slip of Borrower and Guarantor<\/li>
  • Address, \u00a0ID proof and 3 photos of Borrower and Guarantor<\/li>
  • Legal opinion charges Rs. 500\/-<\/li>
  • Valuation charges - depending upon the value of the property With the Minimum of Rs 3000\/-<\/li><\/ul> \n \t<\/div>\n \t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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