Lifestyle Loan – Situ Sevana
[« Back ]

Lifestyle Loan – Situ Sevana

A Value added Home Loan to fit your life style. Complete and comprehensive Service in , Legal matters including searches , title reports, transfer deeds and mortgage bonds Technical details of construction from bills of quantity, to inspections for conformity Street – line, building line & non-vesting certificates. Arranging insurance for mortgage protection, title (if necessary) & fire or damage to property.

All this for an additional Situ Sevana service charge of 1% of the loan amount payable on accepting the application for processing.

1. Purposes for which Shrama Udana loan is granted

  • To build a house
  • To add a new part to a house /extensions
  • To complete a partly built house
  • To obtain water facilities, sanitary facilities and electricity
  • To purchase a house
  • To purchase a plot of land to build a house
  • Redemption

2. Who can obtain the loan

  • Private individuals
  • Joint applicants ( Husband / wife )
  • Daughter or son jointly with father or mother

3. The Loan amount you can obtain

  • Minimum amount of loan is Rs.1miliion ( 80% of B.O.Q, for construction or 80% property Value – FSV , in cases of purchase of house )

4. What is the Security

  • The land on which the loan is invested

5. What will be your Loan Installment

  • If you are a salaried employees: 40% of the salary will be your maximum loan installment (within 60% of total fixed commitments)

  • Others : Subject to evaluation of disposable income that can be proved.

6. What else……..?

  • A Savings Deposit Rs. 500 /- to open a 'Situ Sevana' Savings Account with the Bank