Site Purchase Loan

“Bringing your vision to life with our site purchase loan”

Features & Benefits

• Competitive interest rates.
• Interest charged on daily reducing balance.
• Simplified documentation

Quantum of Loan

• Limit upto 1,40,00,000/-

Rate of Interest

Starting at 11% pa

Tenure

20 Years

Documentation

1. Absolute Sale Deed
2. Possession Certificate/Release of Lease Agreement
3. Betterment Charges paid receipt
4. Latest Khatha Certificate and Khatha Extract
5. Upto date Tax paid receipt
6. Encumbarance for 13 years in Form No.15
7. Income Proof
8. Family Affidavit for loan repayment commitment
9. Residential Address Proof
10. IT Returns for last 3 years along with Balance Sheet and Profit and Loss Account Statement duly certified by the charted accountant

NOTE:

• Repayment of monthly installments – as per the Bank rules
• Loan will be sanctioned subject to fulfillment of any other conditions of the Bank (proportionate share amount, loan processing charges, insurance charges)