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Housing Loan Scheme
Who can apply?
Any individual.
What should be  the purpose?
For purchasing a dwelling  house/flat for self occupation
What is income criteria?
  1. salaried person:
  2. Prof & self-employed :.
  3. Businessman (proprietor) :Net profit
  4. Businessman ( partner) :
Age criteria
Min age : 18
How much loan can be granted ?
Maximum upto  Rs.70.00 lakhs
What is rate of interest? 
9.50% p.a. upto 25.00 lakhs &
11.00% p.a. above 25.00 lakhs
What will be the share linkage
1% of loan sanctioned
What will be the repayment period?
 Max upto 240 months
What will be  the securities?
Prime: Equitable mortgage of  the property financed
What about guarantors?
Two  guarantors acceptable to Bank
How to apply?
  1. Application in prescribed format
  2. Address proof : Passport / telephone / electricity bill, Ration card / Voter identity card etc
  3. Identity proof : Passport / voter identity card / PAN card telephone/electricity bill etc.
  4. Income proof : Last 3 months` Salary certificates, Form-16, IT Return copies for salaried person), Copies of  audited Profit & Loss account and Balance sheet  of last 3 years, IT Return  copies for last 3 years, Audited income / exp statement & Balance sheet, IT Return of last 3 years for professional & self-employed , 
  5. Copy of registered sale agreement
  6. Search report/ valuation report  
  7. NOC from builder / Society, NOC from CIDCO
  8. share certificate
  9. Consent letter & financial papers of guarantors 
What about insurance?
Property shall be fully insured with Bank clause
How disbursement will be made?
By way of direct disbursement to seller/builder by Bank` Account Payee Pay Order .  
Additional Loan (to Housing / mortgage loan borrowers)
  1. Loan Limit : Up to Rs. 25 Lakhs
  2. Repayment Period : Up to 7 years
  3. Rate of Interest : 8.50% (First year fixed rate of interest and Floating thereafter
  4. Processing Fees : 0.5%
  5. Margin : No Addl margin, if adequately secured by the existing security. Otherwise 25%
Latest News / Events
Mahim Branch Shifted new Premises w.e.f.17/10/2022
Shop-No.3&4,Ground Floor,Kirti Mandir Co-op Housing Soc Ltd Lady Jamshedji Road,Mahim(W)Mumbai–400016 Tel-No.24369482/83
Bank is launching special Amrut Mahotsav Deposit Scheme at attractive interest rate to commemorate the occasion of Banks completion of 75 plus years. To know more about this scheme, please click here
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