1. Loan limit Rs. 1,50,00,000 /-
2. Loan repayment period 180 months
3. Loan interest rate - 9.75%
Immediate loan available for purchasing a new home
Easy and convenient loan availability
It is not mandatory for income tax returns to be certified by a Chartered Accountant (CA); however, self-certification is essential. If the business turnover exceeds ₹2 crore, CA certification of the income tax returns is mandatory.
b) Loan applications exceeding ₹25 lakh –
CA-certified income tax returns are required; other documents remain unchanged.
c) If the applicant/guarantor is a salaried customer: –
Salary slips for 3 months and bank statements for 6 months are required. The net salary credited to the bank account must be verified. An office identity card should be obtained. Form 16 and IT returns should be collected as additional documents if available, though this is not mandatory.
1. 7/12 extract of the land.
2. Index-2 or Property Card.
3. Non-Agricultural (N.A.) certificate for the land, including details of its boundaries (Chatuh-sima).
4. Certificate stating that the land does not fall under the purview of the Urban Land (Ceiling and Regulation) Act.
5. Lawyer's Search Report covering the last 15 years—based on Sub-Registrar and Revenue records—confirming clear ownership rights.
6. Certified copy of the Sale Deed evidencing the sale of the land by the original owner to the society.
7. Certified copy of the Society/Apartment registration certificate.
8. Certificate regarding society membership.
9. Certified copy of the original agreement, along with original receipts showing registration and payment of stamp duty.
10. Certified copy of the approved building plan (sanctioned by the competent authority of the Municipal Corporation/Council).
11. Copy of the Commencement Certificate issued by the Municipal Corporation/Council or other relevant authority.
12. If construction is incomplete: A progress report from the society/apartment's architect indicating the stage of completion. If construction is complete: The Occupation Certificate (O.C.).
13. Applicant's consent letter agreeing to the registration of the society's charge/lien on the house/unit.
14. Original receipt(s) for any amount(s) previously paid to the society/apartment.
15. Allotment letter for the house/unit issued by the society/apartment.
16. Letters submitted by the applicant regarding the registration of the sale agreement, along with the society's acknowledgment of receipt.
17. Letter of authorization from the applicant for the recovery of loan installments from their monthly salary and allowances.
18. Income-related documents of the applicant and guarantor: salary slips for the last three months (if salaried) or income tax returns for the last three years (if self-employed/business owners).
19. Letter of consent from the guarantor(s) agreeing to create a charge on their own property as security for the guarantee.
20. Documents regarding ownership rights (Transfer Form).
21. Letter from the Society confirming the registration of the institution's lien/charge.
22. Other documents required by the institution.
23. If the land is not in the name of the builder/developer: a copy of the Power of Attorney or agreement granted by the original landowner to the builder/developer for land development and sale.
24. Copy of the partnership deed, if the builder/developer operates as a partnership firm.
25. Letter authorizing a partner to execute sales/purchases, if such authority is not specified in the partnership deed.
26. Building construction permit from the Municipality/Municipal Corporation/Gram Panchayat, or the 'Completion Certificate' if construction is finished.
27. Letter of allotment for the unit (flat/shop) issued by the builder.
28. Architect's certificate regarding the estimated construction cost.
29. Architect's certificate regarding the built-up area.
30. Transfer Form.
31. No Objection Certificate (NOC) from the Society/Builder stating that the mortgaged flat cannot be sold without the institution's prior permission.
B-3, Ground Floor,
Sussex Industrial Estate,
Dadoji Konddeo Cross Lane,
Byculla ( E), Mumbai – 400 027
66571711 / 22 / 33
Monday To Friday
10:00 AM to 06:00 PM
Saturday
10:00 AM to 01:30 PM
Closed on Sunday
