Net Banking
Net Banking
Mahanagar Bank presents loans for the purpose of self-construction of a residential property. This is an exclusive offering for people who already own the land and require funds for the construction of the residential property.
Upto 90% property cost can be funded by the loan
Available for both existing and new customers
Loans to extend or add space to your home such as additional rooms, etc.
Attractive interest rates
Attractive balance transfer option available
Simple and hassle-free application process
Flexible tenure and repayment options
Provides an extensive range of home loan products like Home Purchase Loans, Home Construction Loans, Home Extension Loans, Home Improvement Loans and Plot Loans.
Easy and fast approval & disbursal of loans
Excellent post disbursement services
Facility of enhancement in loan amount in the event of escalations in cost
Dedicated team of well-experienced employees
High standards of ethics, integrity and transparency
Various repayment options
Employment:
Self-employed and salaried individuals
Credit score:
Above 650
Income:
Minimum income of Rs 25,000 per month
Minimum property area:
325 Sq. Ft.
Age:
Salaried Individuals - 21 to 60 Years of age or retirement, whichever is earlier
Tenor:
Upto 20 years
Maximum Loan Amount:
INR 30,00,000 only
Filled Application Form
Proof of Identity and Address
Two passport size photos each of the applicant/ and the co obligant
Identity Proof – Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
Address Proof – Passport / Voters ID / Driving License / Aadhaar Card
Age Proof – Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate
Certified copy of Passport, Visa, Work Permit, ID card (Applicable for NRI customers)
Proof of Income
Income Tax Returns for the latest 2 years
Form 16
Bank statements for the last 6 months and salary slips
Documentation pertaining to the property offered as collateral.
Last 2 Years ITR With Compitation / CA Audited Financials Where Ever Applicable
Property Documents
Approved plan and Estimate for construction
Building Permit / NOC for construction
Title Deed
Possession certificate
Location Sketch
Land Tax receipt (latest)