Citizen Credit Cooperative Bank

I need some information about Housing Loan service offer by Citizen Credit Cooperative Bank to customers?

[pawan]

As you want to know details of Citizen Credit Cooperative Bank, Housing Loan here I will gather information for you.

Eligibility
For purchase of new & resale Flats/Bungalows/Dwelling units For Construction of House

Salaried individuals

Professionals & self employed persons in business for at least 3 years

Quantum
Not exceeding Rs.70 lakhs

Sanction Limit
90% of Agreement Value or Cost of Construction for loans upto Rs.25.00 lakhs

80% of Agreement Value or Cost of Construction for loans above Rs.25.00 lakhs

Repayment period
Upto 20 years or upto the age of retirement, whichever is earlier

Repayment Instalment
For the sake of convenience repayment will be in equated monthly instalments to be adjusted for a variance in the interest rate

Security
Mortgage of the House/Flat to be purchased/constructed

One guarantor

Insurance of the flat mortgaged Insurance on the life of the borrower (on case to case basis)

Prepayment
No prepayment penalty applicable for the present

Margin
10.00% upto Rs. 25 lakhs & 20.00% above Rs. 25.00 lakhs or as applicable under National Housing Bank Refinance scheme

Documents Required
Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill

Form 16A, Latest Salary Slip or Last 3 years Balance Sheets/Income Tax Returns

Chain of Title deeds

Title and Valuation Report of Property to be purchased

Address:-
Citizen Credit Cooperative Bank
MT Carmel Rd
Bandra West, Mumbai, Maharashtra 400050, India

Phone:-
26442829 / 26442830 / 26442831