Loans - Savali Gruha Loan

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Savali Home Loan Scheme Help Line No(Toll Free). 1800 233 0011

Title	Description
Purpose	New construction of Bungalow, Row house & purchase of Flat.
Limit of loan	For salaried customer - 60 times of their Net Monthly Payment. For self employed -4 times of their annual income .
Eligibility:	For salaried customer .Applicant should have permanent job in government, co-operative or in private sector. Undertaking regarding deduction of installment from salary is required. Total deduction including installment of loan should not be more than 75% of monthly payment. Applicant should be income tax payee. (3years Income Tax return) For self employed - Applicant should be income tax payee. (3years Income Tax return)
Rate Of Interest	10%
Repayment Period	5 to 15 years
Security	Mortgage of property to be purchased. Two guarantors.
Other Charges	Valuation fees- As applicable Processing fee- Up to 50 lakhs :- 1.00% Above to 50 lakhs :-0.50%
Documents	In case of salaried customers salary slip, IT returns with computation of income. Two guarantor (property holders, Income proof) In case of self employed last four years profit & loss A/c, balance sheet & IT returns. Photographs, identy proof, age proof, photo proof, residence proof of borrower & guarantor.(As Per KYC norms) Own contribution (Margin money) receipts. Extract, building plan & permission, estimate, search report, Copies of original purchase deeds/extract etc.