Buying a house is almost always the biggest financial transaction of a life time. Very few people are able to fund it themselves due to the high cost of the asset. New India Co-Operative Bank Limited offers you attractive home loans to help you finance your house purchase.
Equitable / Registered mortgage of the flat / residential accommodation proposed to be purchased, constructed, repaired, renovated as advised by the bank advocate.
Loan amount :
Purchase / construction of new / old residential accommodation - Maximum of Rs.70 lakhs.
For Repairs / Renovation - Maximum of Rs.5 lakhs.
|Salaried Employee||(80 times of net monthly salary)|
|Professional / Business men / Self employed||(6 times of net cash accruals)|
Repair / renovation of residential accommodation - Maximum of Rs.5 lakhs.
|Salaried Employee||(35 times of net monthly salary)|
|Professional / Business men / Self employed||(2 times of net cash accruals which includes interest on loans, depreciation and net profit after tax)|