Shopin

LOANS FOR REPAIRS/RENOVATION OF FLATS/HOUSE, SHOPS & GALAS

  • PURPOSE

    For renovation of Flats/House, Shops, Galas etc.

    MAX. AMOUNT

    Maximum Rs. 10.00 Lakh

    ELIGIBILITY

    Constitution of the Borrower:- Individuals, Proprietorship firm, Partnership Firm, Pvt./Ltd. Co. etc.

    Eligibility as per Repayment Capacity = Repayment capacity * 100000 / EMI factor

    Wherein,
    Repayment Capacity = Net monthly Income – (Less) minimum Take home Pay –(Less) Other Loan deduction.

    Net Take home salary/ Monthly income after EMI deduction - Rs. 10,000/- p.m. :-
    Loan amount will not exceed 80% of market value of the Flat/Hous,Shop & Gala

    REPAYMENT

    Upto 120 EMIs

    RATE OF INTEREST

    Click Here

    MARGIN

    Nil

    MEMBERSHIP

    For Applicant :-
    a) Loan Upto Rs. 1.00 lakh Nominal Membership
    b) Loan above Rs. 1.00 lakh Regular Membership

    For Sureties: Nominal Membership

    SURETY

    One surety.

    PRIME SECURITY

    Equitable Mortgage of flat/shop against submission of original share certificate, Registered Sale Deed/Agreement, NOC from the society and applicant/owner of the flat should be residing in the flat.

    COLLATERAL SECURITY

    Nil

    SERVICE CHARGES

    0.60% sanctioned amount + applicable GST

    SHARE LINKAGE

    As per extent Shareholdings Norms

    INSURANCE

    Insurance of Furniture/Fixtures, Equipments and Flat/House/Shop/Gala.