i. Maximum 240 months inclusive of moratorium period of maximum 18 months or till the retirement age if Salaried whichever is earlier. ii. In case of Takeover loan Maximum repayment tenure till residual tenure of earlier sanction or actual whichever is less.
Pre-Payment Penalty : Nil
Rate of Interest : 10% p.a.*
Service Charges : Applicable from time to time.
Margin : Applicable from time to time.
Get Housing Loans from Yavatmal Urban Bank.
For Salaried Persons :
i. Employees of reputed and financially sound organization.
ii. Minimum Gross take home salary of INR.15,000/- per month.
For Businessmen & Professionals :
Business should have establishment of minimum of 3 years.
Co-Applicant :
Co-Owners of dwelling unit must be taken as Co-applicant.
Spouse /parents of the applicant other than Co-owners can be taken as Co-applicant.
Duly filled form with :
i. Income Proof of Applicant(s) & Guarantor(s)
ii. Residential Proof of Applicant(s) & Guarantor(s)
iii. Property Documents
iv. PAN Card of Applicant(s) & Guarantor(s)
v. KYC of Applicant(s) & Guarantor(s)
Prime Security : Dwelling Unit/s under construction/ready possession to be purchased.
Two Acceptable Guarantors and Security holders to be also taken as guarantors.
Other Charges : One Upfront EMI, Franking Charges, CERSAI, Filing Mortgage, Insurance of property,Legal charges etc.(Valuation, Sanction Confirmation if applicable)
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Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator
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