Grampanachyat Home Loan
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To purchase an own Home is the dream of every person. To purchase or building your own home are you looking for Home Loan? We offer the best deals on Housing Loan & Finance on grampanchayat property. If you are tired of burning the midnight oil sourcing the cheapest home loan rates in grampanchayat area, leave all your concerns to us and we will take care of everything.
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What is a Gram Panchayat Property?
Gram Panchayat property means property that comes under the authority of Gram Panchayat area and it is not regularized under the town planning department and approved by the Gram Panchayat Sarpanch. One must also remember the fact that the maximum home loan cases come under affordable housing and the construction is almost unauthorized.
Who are eligible?
Any person/ group of persons, salaried/ self -employed / business class/ retired jointly with employed spouse or son having regular income and capacity to repay installments of proposed housing loan.
Maximum Loan Amount
You can apply individually or joint for home Loan with Co-Applicant. Generally co-applicants are close family members.
|Up to and including Rs.30 lacs
||80% to 90% of the property cost
*Subject to market value and location of the property as well as the repayment capacity of the customer, as assessed by LoansMumbai.
Documents required for Home Loan
To apply the Grampanchayat Housing Loan or Gaothan Home Loan need following documents list.
- Salary slip and Income proof*
- Proof of both identity and residence*
- PAN Card*
- Aadhaar Card*
- Bank Statements*
- Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across*
Fees and Charges
All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.
To apply the Grampanchayat Housing Loan or Gaothan Home Loan need following fees and charges as follows :-
Loans up to Rs. 1 lac to 30 lacs - 2% of sanctioned loan amount.