Kalyan Gramin Gruh Nirman

Kalyan Gramin Gruh Nirman

Apply Now

Overview

The scheme is designed for the people located in Grampanchayat area to purchase or build home as per need. Now you can show your 7/12 extract and construct your own bungalow for residence near by your business place or farm which will allow you to access your business activity and your home at same time.

EMI Calculator

Purpose & Eligibility

  • Purpose:
    • For construction of House / bungalow in Grampachayat / Gaothan area where construction permission is given by Grampanchayat and 7/12 extract / Sanad / Property card is available in name of applicant /s.
    • For purchase of home / dwellings, where permission is given by Grampanchayat and registered sale deed is available in name of applicant /s.
  • Eligibility :
    Salaried Individuals

      Salaried Individuals :

    • Total deductions, including the repayment of proposed loan, should not exceed 65% of gross income of Borrower.
    Non Salaried Individuals

      Non Salaried Individuals :

    • Borrower’s Average 3 years gross income to be considered.
    • Total deduction including the present & proposed loan repayment obligations should not exceed 65% of average gross income of Borrower.
    • If income is in decreasing trend, last year’s income to be considered.
    • No Agricultural Income would be reckoned and considered for eligibility purpose, under the scheme.

Quantum & Tenure

  • Quantum :
    • Minimum loan amount : ₹ 2 lakh
    • Maximum loan amount : ₹ 10 lakh
  • Tenure :
    • Maximum period - up to 10 Years
Quantum & Tenure

Documentation

  • Basic Documents :
    • In case of new customer, applicant & guarantors need to open savings / current account
    • Duly signed loan agreement
  • KYC documentation
    • Proof of identity
    • Address proof of applicant
    • 3 Passport sized photographs
  • Application Form
    • Duly filled & signed loan application form
  • Bank Statement
    • Bank statement for last one year
  • For Salaried individuals :
    • Last 3 months’ – salary slips
    • Form 16 or Income Tax Return
  • If an applicant Is a self-employed individuals :
    • Income tax returns of last 3 years, 26 AS from traces
    • Financial statements including balance sheet, profit & loss account and computation of income for last 3 years
    • Licenses / permissions from competent authorities

    • Registered Legal Mortgage of Land & House / bungalow to be constructed OR dwelling to be constructed / purchased in Grampanchayat area.

ROI & Other Conditions :

  • ROI :
    • Please click here to know about latest ROI & Service Charges.

    • Applicant has to be a regular shareholder of the bank. The guarantors have to be either a regular member (shareholder) or a nominal member of bank.
    • Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
    • If property is in Gaothan area, assessment list i.e.Namuna-8 from Grampanchayat and sanad.
    • In case of construction of House / Bungalow wherein 7/12 extract is available, bank’s charge on 7/12 Extract to be registered
    • Latest Property Tax Receipt are to be furnished.