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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
  • IMPS -Apna Sahakari Bank Ltd. is Live in Immediate Mobile Payment System.
  • Milestone Of Business Mix Of Rs. 5000 Cr. Plus achieved. Thanks To All Our Shareholders & Customers.
  • We are SCHEDULED Bank now. Thanks to all Shareholders, Customers & Well Wishers.
  • Opening branches shortly Borivali(W), Andheri(E), Palghar, Chiplun
House Repairing Loan


HOUSE REPAIRING LOAN
Purpose Financial requirement for House / office Renovation / repairs.
Who can Avail this Loan Any account holder who is a Salaried employee / Businessman / Professional with repaying capacity
Loan Features

Maximum Limit : Rs.5 Lakhs or 50% of Valuation of the flat whichever is less

Repayment Period : Maximum 72 equated monthly instalments

Eligibility : a. 1 year operation in account
b. Minimum 5 years service

Repayment Capacity : 1/4th take home salary after deduction of loan instalment

Collateral Security : a. L.I.C
b. N.S.C
c. Kisan Vikas Patra
d. Fixed Deposit. Recurring Dep.

Rate of Interest 14%
Documents required
  • Duly filled Loan form
  • Account Statement / Passbook for verification
  • Other Bank account statement if any
  • Three Photograph of Borrower & Guarantors
  • Income proof for last three years if businessman / current 3 months payslips if salary earner, form no 16 of last year
  • Ration card of borrower and Guarantors
  • Aadhar card of borrower and Guarantors
  • Electricity Bill of borrower and Guarantors
  • Maintenance receipt (point 6,7,8,9 bring originals for verification)
  • Nominal membership – Borrower and guarantor
  • NOC letter from society/ Builder/ MHADA / CIDCO
  • Agreement for sale / Allotment letter/ from builder/ MHADA / CIDCO
  • Creation of charge letter.
  • Quotation for House/ office repairs-renovation
Charges
  • Share –Rs.1000/- each for borrower & guarantors
  • Service Charges 0.50%
  • Franking – Maximum Rs.500/-
  • Visit Charges – Rs.300/- to 600/-
  • Mortgage draft charges Rs.1000/-
  • Hypothecation Bond 0.10% of Loan amount subject to a minimum of Rs.100/-
Positive Points
  • No Pre-payment charges
  • Fixed rate of Interest
  • Daily reducing balance
  • Repayment in addition to fixed instalment can be made without any charges