SVC Co-Operative Bank - 9.75% for Home Loan - New Purchase Home Loan

SVC Co- Operative Bank Home Loan:

SVC Co-Operative Bank Limited caters to a wide group of customers and offers home loan solutions that suit their needs.

The loans are offered by the bank at attractive interest rates which starts at 9.75% p.a.* and comes with long repayment tenures.

Interest Rate	9.75% p.a.*
Processing Fee	0.35 %of loan amount + GST
Loan Tenure	Up to 20 years

 

Key Features of SVC Co- Operative Bank Home Loan:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

SVC Co- Operative Bank Loan Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate

 

2. Type of loan opted for:

SVC Co- Operative Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

SVC Co- Operative Bank offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

SVC Co- Operative Bank : Apply

Apply for an SVC Co- Operative Bank easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare SVC Co- Operative Bank Loan rates with other banks before choosing the best deal for your home loan needs.

 

SVC Co- Operative Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

SVC Co- Operative Bank home Loan Schemes:

1. SV Good Home:

Can be borrowed by individuals either singly or jointly.

Can be availed for construction of a house or for purchase of flats.

The maximum loan amount that can be borrowed under the scheme is Rs.70 lakh

The repayment tenure can go up to 20 years.

 

2. Double Plus

SVC's Double Plus loan ensures that the individual(s) is/are able to meet every challenge

Can be availed either singly or jointly.

The maximum loan amount that can be availed under the scheme is Rs.2 crore

The maximum repayment tenure that can be availed is 10 years.

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.

 

Q. Can I avail the home loan under the Double plus scheme for speculative activities?

Ans. No, you can’t avail the home loan for that.

 

Q. On what basis are the legal and documentation charges charged?

Ans. The legal and documentation charges are charged on actual basis by the bank.

 

Q. How do I increase my eligibility for the loan?

Ans. You can increase your eligibility by any one or more of the following ways: adding a co-applicant, declaring other sources of income, repaying all your existing loans, or even by opting for a longer tenure.