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Home Loan

Turn your dream home into reality with Dr. Babasaheb Ambedkar Sahakari Bank Ltd. customized Home Loan solutions tailored to your financial needs.

Features & Benefits

  • Interest calculated on a daily reducing balance
  • Zero pre-payment or foreclosure charges
  • Competitive interest rates starting at 8.50% p.a.
  • Minimal and simplified documentation process
  • Flexible repayment options – ECS / Post-dated Cheques / Standing Instructions
  • Quick and hassle-free loan approval process
  • Optional insurance cover available for the property at attractive premiums

Purpose:

For purchasing residential property

Eligibility:

Available to Salaried Individuals, Professionals, and Business Owners

Quantum of Loan

  • Loan amount up to ₹2 Crore based on eligibility and property value

Margin

  • 20% margin on Agreement Value
  • 10% margin for Priority Sector Loans (as per RBI guidelines)

Rate of Interest: 8.50% p.a. onwards

Documentation:

Click here to view Basic Documents required for Retail Loans

Additional Documents Required

  • Copy of Agreement or Allotment Letter
  • Complete chain of agreements (in case of resale property)
  • No Objection Certificate (NOC) from Society or Builder
  • Share Certificate of the Society in the seller’s name
  • Leave & License Agreement (if applicant is staying on rent)

Security

  • Equitable mortgage of the purchased property

Repayment Tenure

  • Up to 20 years

Moratorium Period

  • Maximum 18 months for under-construction properties

Exclusive Benefit

  • Eligible for additional Life Cycle Banking loan with minimal documentation against the same property

*Conditions Apply

Disclaimer

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