Welcome to our Mogaveera Bank

Housing Loan

Purpose

Buying a new Flat/purchasing a resale Flat.

Loan Amount

80% of the agreement value + stamp duty on registration of 55/60 times of net monthly salary or 3.5 to 4 times of average income of last 3yrs (Max. C 70.00 lacs)

Loan AmountRate of Interest

Up to 25.00 Lacs

9.50% p.a

Above 25.00 Lacs

10.00% p.a.

For 2nd home 0.5% additional. Processing Fees: 1% + GST.
*No Pre-Payment Charges.

Documents Required :

  1. 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  2. Satisfactory CIBIL Report
  3. Copy of Property Documents with Originals (Chain of Agreement)
  4. 2 Guarantors with 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  5. Complete KYC documents of Applicant and Guarantors