1) Long Loan
| Rate of Interest |
11.90% |
| Maximum Limit |
25,00,000/- |
| No of Surety |
2 |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Salary slip of both sureties
- Assurance deed/ Hami Patra of both applicant and sureties
- Pan card, Aadhar card of both applicant and sureties
- If applicant or surety is member of any bank/ co-op credit society in that case no objection
certificate from that organization.
2) Emergency Loan
| Rate of Interest |
11% |
| Maximum Limit |
300000/- |
| No of Surety |
2 |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Assurance deed/ Hami Patra of applicant
- Pan card, Aadhar card of applicant
- If applicant is member of any bank/ co-op credit society in that case no objection
certificate from that organization.
3) Short Loan
| Rate of Interest |
8.50% |
| Maximum Limit |
90% OF thrift deposit. |
| No of Surety |
|
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Assurance deed/ Hami Patra of applicant
- Pan card, Aadhar card of applicant
4) Housing Loan
| Rate of Interest |
Floating:- 8.50% |
Fixed:- 9.50% |
| Maximum Limit |
60,00,000/- |
| No of Surety |
2 |
Documents Required:-
A) To purchase a house to be constructed / under construction / completed by a builder /
developer
- Perfectly filled application in the prescribed format prepared by the bank
- Documents showing ownership of land / house
- Proof that the land is non-agricultural
- Letter issued by municipal Corporation and competent bodies for construction
- Certificate of completion of construction on completion of construction
- Attested copy of construction/blue print plan approved by competent authority
- Original letter issued in the name of the applicant regarding allotment of land / block
- Possession letter from builder.
- Original receipt of house purchase deed registered with the Registrar of Co-operatives
- Original receipt for registration of purchase deed
- Original receipts for the amount paid to the builder
- Original copy of No Objection Certificate issued by Builder / Developer for mortgage of Flat
to Bank
- Certificate of Non-Encumbrance from the builder / developer
- Letter of consent from the partner to mortgage the flat to bank in case of joint purchase
- An indemnity bond for fulfilling the remaining documents as per the requirements of the bank
within the stipulated time
- Power of Attorney to the Head of the Office for recovery of monthly salary from the member
and co-applicant
B) To purchase houses from CIDCO / HUDCO / Housing Board / Improvement Trust / World Bank Scheme
/ MHADA / or other Boards / Institutions recognized by Central and State Governments
- Perfectly filled application in the prescribed format prepared by the bank
- Original letter issued by the competent authority regarding allotment of land / block in the
name of the applicant
- Original purchase deed registered with the competent authority, indemnity bond for
Registered mortgage deed to be made by the applicant to be given to the bank within the
prescribed time
- Letter of consent from the partner to mortgage the flat to the bank in case of allotment of
space in joint name from the competent authority
- Power of Attorney to the Head of the Office for recovery of monthly salary from the member
and co-applicant
C) To purchase flats allotted under the government's discretionary scheme
- Perfectly filled application in the prescribed format prepared by the bank
- Original letter issued by the government regarding allotment of land / block in the name of
the applicant under the voluntary scheme
- indemnity bond of the applicant for payment of the original purchase deed registered with
the builder, registered mortgage to be made by the applicant to the bank within the
prescribed time
- Power of Attorney to the Head of the Office for recovery of monthly salary from the member
and co-applicant
- Letter of consent from the partner to mortgage the flat to the bank in case of allotment of
space in joint name from the competent authority
D) To repay the loan of flats purchased with loan from Government of Maharashtra and other
financial institutions
- Original letter issued regarding details of outstanding loans from Government of Maharashtra
and other financial institutions
- Certified copy of original documents submitted by the member to the organization from which
the loan has been taken
- indemnity bond from the applicant regarding the mortgage to be made by the applicant,
original documents of the house submitted to the concerned institution for borrowing
- Letter of consent from the partner to mortgage the flat to the bank in case of allotment of
space in joint name from the competent authority
E) To purchase a house / flat available for resale
- Perfectly filled application in the prescribed format prepared by the bank
- Documents showing original rights of plot / house
- Original receipt of registered purchase deed made with the original owner
- Receipts for the amount paid to the original owner
- Original receipts for purchases made by anyone who has made a purchase transaction with the
builder before the original owner ( Chain of agreement )
- No Objection Certificate issued by the concerned organization for mortgage a flat to bank if
the flat to be purchased is in a registered co-operative society.
- Non Encumbrance certificate, If the place to be purchased is in a registered co-operative
society
- Letter of consent from the partner to mortgage the flat to the bank in case of allotment of
space in joint name from the competent authority
F) Self-owned / owned by co-operative housing society or to construct a new house for own
residence on the land allotted by them
- Perfectly filled application in the prescribed format prepared by the bank
- If you want to purchase land and build on this land, copy of purchase deed of registered
land
- Documents showing ownership of plot / house
- 7/12 extract of original land
- Non Agriculture Certificate of competent authority
- Approval of construction by competent authorities
- Blue print of construction by competent authorities
- Estimated cost of construction by architect
- Certified copy of the contract with the contractor appointed for construction
- Allotment letter from the co-op society if the plot is in that society
- copy of lease agreement
- Permission letter of mortgage of plot to bank
- Letter of consent from the partner to mortgage the flat to the bank in case of allotment of
space in joint name from the competent authority
G) Documents to be submitted for incremental construction
- Certificate of cost from architect / engineer / contractor for additional construction
- license obtained from the competent authority for reference work
- A copy of the plan certified by the architect / engineer for additional construction
H) Other than document’s mentioned in (A) to (G), following documents to be attached with
loan application
- Salary slip of applicant / co-applicant of last three years
- Latest salary slip of sureties
- Affidavit in prescribed form stating that the applicant / co-applicant has not taken any
loan from other banks as well as other financial institutions till date.
- Address proof of applicant / co-applicant
- Guarantee in the prescribed form from sureties regarding recovery of arrears from the
sureties if the applicant is in arrears for any reasons
- Check Bank account, passbook copy and other bank deposit details (If any)
- Details of loans in the name of the applicant at present in addition to the home loan
remaining in the bank & details of loans from other banks and financial institutions
- Details of applicants insurance policy
5) Medical Loan
| Rate of Interest |
Regular :- 10% |
Concessional :- 5% |
| Maximum Limit |
800000/- |
5,00,000/-- |
| No of Surety |
2 |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Salary slip of both sureties
- Assurance deed/ Hami Patra of both applicant and sureties
- Pan card, Aadhar card of both applicant and sureties
- If applicant or surety is member of any bank/ co-op credit society in that case no objection
certificate from that organization.
- Estimated Expenditure certified by doctor/hospital.
6) Education Loan
| Rate of Interest |
Regular :- 10% |
Concessional :- 5% |
| Maximum Limit |
4500000/- |
5,00,000/- |
| No of Surety |
2 |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Salary slip of both sureties
- Assurance deed/ Hami Patra of both applicant and sureties
- Pan card, Aadhar card of both applicant and sureties
- If applicant or surety is member of any bank/ co-op credit society in that case no objection
certificate from that organization.
- Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses of members daughter/son.
- Copy of admission letter of the Institute along with fees schedule.
- If loan required for second or third year then provide Mark sheets / passing certificates of
last year & current years Bonafide Certificate.
7) Gold Loan
| Rate of Interest |
Regular :- 9.5% |
| Maximum limit |
500000/- |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Gold purchase bill
- If gold is related to women jewelry then no objection certificate from them.
8) Overdraft Loan
| Rate of Interest |
11% |
| Maximum limit |
5,00,000/- |
| No of Surety |
1 |
Documents Required:-
- Perfectly filled application in the prescribed format prepared by the bank
- Salary slip of applicant
- Assurance deed/ Hami Patra of applicant
- Pan card, Aadhar card of applicant
For more information contact nearest branch.
