Affordable Home Loans

Rural	Urban
All area falling under the statutory town list as per 2011 census	Any other area not falling under the statutory town list as per 2011 census
Annual gross income not exceeding 6 lakh	If women borrower,there is no income limit and for male borrower annual gross income should not exceed 3 lakh
Total property cost should not exceed 35 lakh	Total property cost should not exceed 25 lakh

Loan can be availed for purchase of House, Construction on plot, Purchase in co-op society, Repair/Extension of House
Attractive and lowest interest rate
Salaried, Professionals and Business class can avail the benefit of the scheme

1.Loan Term

Maximum	30 years
*It cannot extend beyond your retirement age years (60 years for salaried individuals and 70 years for self-employed individuals)

2. Loan Amount

Rural	Maximum amount of Rs. 20 lakhs
Urban	Maximum amount of Rs. 28 lakhs

3. Interest Rate & Charges

Variable Rate

Your Loan interest rate are CIBIL score linked (t&c apply)

For best rate please contact your nearest branch

4. Repayment Mode

You can pay your home loan EMIs through:

Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
Post Dated Cheques (PDCs) – Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available)

5. Insurance

Free property Insurance
Free Accidental Death Insurance
Life insurance(Optional against one time premium) arranged through Kotak Life Insurance, Birla Sun Life Insurance .

EMI Calculator:

Home Loan EMI calculator is a basic calculator that helps you to calculate the EMI, monthly interest and monthly reducing balance on the basis of principal amount, loan tenure and interest rate.

Please note that the Home Loan EMI calculator has been created to give you an approximate understanding and should not be considered as absolute.

EMI Loan Calculator

Eligibility Calculator:

The house loan eligibility calculator acts as a guide for you to understand an approximate amount that you can avail for your Home Loans.

Eligibility Loan Calculator

KYC Documents

ID & Address Proof (Any One Required)

PAN card (Mandatory, if income is considered for loan eligibility calculation)
Valid Passport
Voter ID card
Driving license
Aadhar Card

Residence Proof (Any One Required)

Latest Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
Ration card
Letter from employer
Bank statement /copy of Pass book reflecting address
Valid Rent Agreement
Sale Deed

Income Documents

Salaried Individuals

Salary slips for the last 12 months or salary certificate*
Copy of bank statements for the past 1 Year (salary account)
Form 16 / Traces *If variable components like overtime and incentive are reflected,then salary slips for the past six months are required

Self-Employed Professional

Certificate of qualification for professionals : CA, Doctors or Architects
Copy of last three years’ income tax returns, along with computation of income
Copy of last three years’ P/L account with all schedules and audited balance sheet, wherever applicable.
VAT or Service Tax or GST returns or TDS Certificate
Bank statement for the last 12 months (Savings account, current account and O/D account)

Business Class

Copy of your last three years’ income tax returns, along with computation of income
Copy of last three years’ P/L account with all schedules and audited balance sheet, wherever applicable
GST or TDS Certificate
Bank statement for the last one year (Savings account, current account or an O/D account)
Business registration certificate

Property Documents

Allotment letter from builder
Agreement of Sale
Registration and stamp duty receipt
Index- ii
NOC from builder
Own Contribution Receipt (OCR )
All builder linked documents (Applicable for cases which are not approved or previously not funded by GICHFL)
Development Agreement
Partnership Deed
Sale Deed
Title Search Report
Estimate for construction

Note:we request you to cooperate with us in complying with the guidelines on KYC.