Jan – Nivas Home Loan    For Purchase of House /Flat or a Plot and       construction thereon.       Loan upto 60 times of Net Monthly       Salary/Income or 85 % of Agreement Value       including Stamp Duty and       Registration Charges, whichever is lower.       Easy Repayment Period up to 180 months.       Benefits under Income Tax Act as applicable.

Purpose
   Purchase of Plot & Construction thereon
      or outright purchases of House /Flat

Eligibility
   Salaried Persons, Professionals, Businessmen

Quantum of Finance
   85% of the agreement value
   60 times of net monthly salary
      (in case of salaried persons)
   5 times of net annual income
      (in case of other than salaried persons)

Security
   Equitable / Registered Mortgage of Residential 
      Flat / Bungalow

Repayment
   Maximum 180 months (15 yrs)

Guarantors
   Two

Common Documents
   Attested photocopy of PAN card / Passport / Driving License.
   Attested photocopy of Ration Card /Electricity bill / Telephone bill
   Latest Salary Slip and Form No. 16 in case of salaried persons
   Audited Balance sheet / Profit & Loss statement for last 3 years in respect of firm/company
   Income Tax returns, with computation of total income for last 3 years in case of
      professionals and self-employed persons
   Net Worth Form of borrower and guarantors
   Copy of Bank statement (at least six months)
   Latest passport size photographs

Documents
   Original Sale agreement duly stamped and registered
   Original NOC from Society/Builder in Bank's prescribed format
   Valuation report (In case of re-sale)
   Legal opinion from Bank's approved advocate
   Latest maintenance receipt