Organization : Nainital Bank
Scheme Name : Apna Ashiana Scheme For Granting Housing Loans
Country: India
Details : http://www.nainitalbank.co.in/english/Apna_Aashiyana.aspx
Download Application Form : https://www.statusin.in/uploads/21466-Apna-Ashiana.pdf
Home Page : http://www.nainitalbank.co.in/English/Home.aspx
Apna Ashiana Scheme For Housing Loans :
The scheme is formed with the objective to solve the problem of housing by providing Housing Credit to the eligible constituents for the following purposes.
** To construct/purchase a new house/flat.
Related : Nainital Bank Naini Gold/ Super Account : www.statusin.in/21462.html
** To purchase a ready built house, which should not be more than 20 (twenty) years old.
** For repairs/renovation/addition/extension in the existing house/flat.
** For repayment of loan already availed by the concerned constituents from other banks/housing finance institutions.
** For purchase of land provided it is part of the project and construction is completed within 18 months.
Eligibility :
All individual/s who own in his/her name the land on which the proposed house is to be constructed along with construction plan duly approved/sanctioned by competent authority/body. In case the land on which the proposed house is to be constructed stands in the joint names, all the joint owners should be made co-borrowers. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme.
Beneficiaries- Govt. & PSU employee / Salaried person / Professionals and Businessmen :
A person, whose more than 50% income is derived from agriculture, falls in the category of farmer under the scheme.
Rate Of Interest :
Penal interest @1% shall be charged on amount in default upto six months for the period of default. If default period exceeds six months, penal interest @2% p.a. shall be levied on entire period of default.
Declaration:
1. That all the particulars & information given in the application form are true & correct.
2. That the necessary terms & condition of the scheme have been read and its contents are understood.
3. That no insolvency proceedings are pending nor have been initiated on against me/us.
4. That I/We am/are aware that the repayment programme is calculated on the basis of monthly/quarterly rest.
5. That Branch may take up such reference and make such equiry in respect of this application as it may deem necessary.
6. That I shall inform to the Bank regarding any change in my/our occupation/employment and provide any further information that you may require.
7. I/We undertake to authorize my/our employer/s to deduct equated monthly installment from my/our salary and remit the same to Bank directly every month.
8. I have opted/noted that the scheme is under floating option i.e. linked to base rate.
9. I/We undertake that I/we am/are not a Director of the bank or other banks or relative of Director of any bank or relative of any officials of the bank i.e. relationship of the proprietor/Partner/Director of the borrowing entity with the Director of the bank/other bank/officials of the bank.
10. I/We undertake that no legal action has been/is being taken against applicant/borrower/promoters/proprietor/ partner/Director/guarantors by other financial institutions/banks.
11. I/We undertake that I/We shall not violate the sanctioned plan, construction shall be strictly as per the sanctioned plan and it shall be my/our sole responsibility to obtain completion certificate within 3 months on completion of construction, failing which the bank shall have the power and the authority to recall the entire loan with interest, cost and other usual bank charges.
12. I/We further agree that my/our loan shall be governed by the rules and regulations of “The Nainital Bank Limited”, which may be enforce from time to time.
Documents to be attached : (Duly Attested wherever necessary)
a) Sale Deed/Agreement to sale
b) Copy of approved map of proposed construction/purchase/extension.
c) Detailed cost estimate/valuation report from an approved architect of the Bank.
d) Salary Certificate & form No. 16 issued by employed for last two employees) and Income Tax Return/assessmen order in case of Self-employed for last two years.
e) Proof of Residence i.e. copy of Passport/Voter ID etc.
f) Tax Paid Receipts.
g) Allotment letter of Co-operative Society/housing board/Constructor/Builder etc.