THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LIMITED.
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::::::::::: KAL HOUSING LOANS

Loan Amount 85%  value of House but maximum Rs. 25 Lacs 
Period of Loan Maximum 15 years
Rate of Interest
  • 11.00%  on reducing balances

  • 10.50% on EMI Scheme

(Effective from 02/05/2007)

Criteria for Loan Amount 

  • For Salaried Person
    • The term of the loan will be considered depending on the remaining years of service.
  • For Self Employed/Businessman
    • Average Monthly Income as per Income Tax return of last 2 years

Purpose

  • To purchase new or old residential house property 
  • To extend/improve existing house property. 

Security

The loan would be secured by equitable mortgage of the property financed, by way of depositing of title deeds. One personal guarantor is required. Mortgage procedure shall be done by the bank's approved advocate.

Other Charges

Registration fees of Equitable mortgage in case, loan amount is more than Rs. 3 Lacs , Legal  charges and cost of stamp papers and valuation charges in case of old house property .

Penal Charges

If the loan installment is not paid as stipulated, 3% penal interest will be charged.

Guidelines for Loan

>> Criteria

>> Loan Amount

>> Rate of Interest

>> Duration

>> Rebate

>> Penal Charges

Guidelines for Loan