Kallapanna Awade Ichalkaranji Janata Sahakari Bank Ltd.
 

KAIJS LOAN

Kallapanna Awade Ichalkaranji Janata Sahakari Bank Ltd.

Sawali Home Loans

Now own a bigger home at smaller EMIs

Quick and Easy Home Loans

Purpose

Purchase of Flat / bungalow, Construction of bungalow.


Limit of loan

a) For Salaried customer 55 times of their Net Monthly Pay , For self employed customer 4 times of their annual income .
b) 75% of total consideration of new flat /bungalow and construction of bunglow & 65% of total consideration of old flat /bungalow.
c) Maximum Rs. 70.00 lakhs.

From a, b, & c whichever is lower.


Eligibility

1) 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 65% of monthly payment.

2) For self employed:
- Applicant should be income tax payee.


Repayment Period

Maximum 20 years


Security

1) Mortgage of property to be purchased/construction of bunglow.
2) Two guarantors


Pre-payment Charges

Nil


Document Required

1) In case of salaried customers salary slip, IT returns with computation of income and Form No 60.
2) In case of self employed last four years profit & loss A/c, balance sheet & IT returns.
3) Photographs, identy proof, age proof, photo proof, residence proof of borrower & guarantor.
4) Own contribution (Margin money) receipts.
5) Copies of title deeds.


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