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For Any Query!Housing Loan *
Purpose :
- Housing Loan can be availed by member for purchase a Flat/Row House/Bunglow from the BUILDER/ CIDCO/MHADA/HUDCO/ Co-op.Housing Society/seller(Re-Sale).
- Housing loan facility extended to construct a House/Bunglow on a plot allotted by the Co-op. Housing Society/owned by self or take over the Housing Loan availed from other Bank/Financial Institutions.
Maximum Loan Limit :
| House Property located within the area of | Member having deduction in Salary Slip as | |
|---|---|---|
| NCPF | DC1/DCP | |
| MMRDA/ Municipal Corporation and Town Planning Approval | Maximum Loan: 60 Lakhs | Maximum Loan: 60 Lakhs |
| Grampanchayat Approval | Maximum Loan: 25 Lakhs | Maximum Loan: 25 Lakhs and One Guarantor require if members’ service in MCGMis less than 5 years |
If Husband and wife both are members of the bank then jointly they can availing Housing Loan upto Rs. 60 Lakhs for the same House/Flat.
Housing loan granted to member for purchase of house in which Agreement to Sale / Sale Deed includes the name of the Member as a first purchaser and the name of the member's spouse as a second purchaser.
Non Member's (spouse) income will help to borrow for house property upto 90% of Member’s Net Salary
Rate of Interest :
- 8.50 % p.a. for Loan Amt. upto Rs. 60.00 Lakhs
Repayment Term :
- Maximum Repayment term is of 20 years. Terms of loan depend on Maximum repayment period or remaining service period less 3 months whichever is less. Remaining service of borrower and guarantor(s) should be equivalent.
HOUSING LOAN-TOP UP :
- Maximum Limit : Maximum Loan Limit is Rs. 25,00,000/-. Member can avail the loan upto Rs. 25,00,000/- or 90% of property cost as per the property valuation report obtained from Government Valuer or as per the repayment capacity of borrower, whichever is low. Structural Stability certificate is must in case of property is older for 25 year or more.
- Rate of Interest : 10.00% p.a.
- Guarantor : One Guarantor required if property located in Grampanchayat area. Eligibility criteria for guarantor will be same borrower.
- Repayment term : Maximum Repayment term is of 120 months. Terms of loan depend on Maximum repayment period or remaining service period less 3 months whichever is less. Remaining service of guarantor should be more than or equal to loan term.
Other Requirements :
- Legal Fees of Rs. 2,500/- + G S T
- Architect Fees : Rs. 2,500/- + G S T for purchasing Ready possession home within the limit of MMRDA else Rs. 4,000/- + GST in addition to lodging and boarding charges Rs. 500/- per day and return travelling expenses will be borne by the member.
- If the Flat/House is under construction, then the Architect fees will be charged Rs.2,500/- + GST for first and second visit and subsequently Rs.1,000/- per visit+ G S T. also if under construction property is out of limit of MMRDA then then the Architect fees will be charged Rs.2,500/- + GST for first and second visit and subsequently Rs.1,000/- per visit + G S T and lodging and boarding charges Rs. 500/- per day and return travelling expenses will be borne by the member.
- Processing Fees Rs. 1,500/-. + G S T.
- Cersai Fee Rs 100/- + G S T
* The terms and condition and charges may vary subject to modifications in Loan Policy as approved by Board of Directors
List of Empaneled Advocates :
| SR NO | NAME | ADDRESS | CONTACT NO |
|---|---|---|---|
| 1 | ADV. DIPTI BAGWE KHARE | A-402, TULIP CHS LTD., P.K. ROAD, BEHIND SAIDHAM , MULUND (W), MUMBAI - 400 080. | 0222564081, 9920574272 |
| 2 | ADV. ASHISH GIRI | 14, 3RD FLOOR, VASUDEV MANSION, 30C/F, CAWASJI PATEL STREET, FORT , MUMBAI - 400 001. | 2249709046, 9820272686 |
| 3 | ADV. VIDYA VINAY BANDEKAR | OFFICE NO 5, 1ST FLOOR, ASHOKA SHOPPING CENTRE, G.T. HOSPITAL COMPLEX, L T MARG, MUMBAI - 400 001. | 22703778, 9869200613 |
| 4 | ADV. VISHAL V LANJEKAR | 102, AnantLaxmi Chambers, Dada Patil Marg, Shivaji Nagar, Thane (w), 400 602. | 25400070, 9920445366 |
| 5 | ADV. S D DUMBRE | E-1/14, B-3, SHIVNERI APARTMENT SECTOR 8,NERUL, NAVI MUMBAI - 400 706 | |
| 6 | ADV. PRAVIN VILASRAO KAMBLE | 9-A, 1ST FLOOR, APOLLO HOUSE, MUMBAI SAMACHAR MARG, INFRONT OF JAMMU KASHMIR BANK, FORT, MUMBAI - 400 001. | 9820087357 |
| 7 | ADV. ARSH MISHRA | CHAMBER NO.3, 1ST FLOOR, FORT CHAMBERS, 2ND CROSS LANE, FORT, MUMBAI 400 023 | 7666950639 |
List of Empaneled Architect and Valuers :
| SR NO | NAME | ADDRESS | CONTACT NO / MOBILE NO. |
|---|---|---|---|
| 1 | SANMITI VALUERS PVT LTD. | 504, RAINBOW CHEMBERS, NEAR MTNL, S.V. ROAD, KANDIVLI (W), MUMBAI - 400 067 | 28625129, 28625153 |
| 2 | MRS. SUSHMA C KASHALKAR | SHOP NO 2, NAV MADHUBAN CHS, RAM MARUTI ROAD, THANE (W) 400 601. | 25388132, 9821902770 |
| 3 | ARCH CONSULTANTS (S D THAKARE) | 1 SHREE CHAMUNDA APARTMENT, LIBERTY GARDEN , CROSS ROAD NO 2 , OPP MEHTA ESTATE, MALAD (WEST) MUMBAI - 400 064. | 28826937, 28825635, 9869003273, 9833599876 |
| 4 | M/S. APEXCONE ARCHITECTS (SHRI SAMIR CHANDRAKANT SHINGE) | 5TH FLOOR, 504, STAR CHS OLD PRABHADEVI ROAD, OPP PUSHPANJALI BUILDING, MUMBAI - 400 025. | 9920555990 |
| 5 | S B S ASSOCIATES (MRS SONALI B SHINDE) | SHOP NO1, MULUND TRUPTI CHS, G V SCHEME ROAD NO 4, MULUND (EAST) MUMBAI - 400 081. | 9769219405, 9769219506 |
| 6 | VISHAL V KADNE | DHEERAJ DREAMS - I-C-508, BEHIND DREAMS MALL STATION ROAD, BHANDUP (WEST) MUMBAI - 400 078. | 9594020888 |
| 7 | UNMESH PATIL AND ASSOCIATES | 4, JANARDHAN SADAN, Plot no E/19, Sector - 3, Belpada, Kharghar, Navi |Mumbai - 410 210. | 9867550550, 9833537537 |
| 8 | TRUE VALUE ( VIJAYKUMAR DHANAWADE ) | 134/18, KRISHNA MASTER CHAWL, NARIMAN LANE, TAKIYA WARD, S. M. MARG, KURLA WEST, MUMBAI – 400 070 | 8108126511 |
| 9 | PRANJAL BHAGWATI | KUSUM VIJAY HOUSE, OFFICE NO.8, 1ST FLOOR, 174-180 MODY STREET, FORT, MUMBAI – 400 001 | 9594170038, 9930196461 |
Annual Report 2023-24
