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Housing Loan

house

Are you planning to buy a house or refurnish an existing one? Mahesh nagari will help you finance it.


Who Can Apply
  • When the borrower applies for the loan whether the application made is in the boundary line of the organisation, taking the proper help of documents provided by the organisation.
  • Whether necessary documents are attached or not.
  • Beyond that the important thing is the eligibility of the borrower to refund the loan.According to Maharashtra State Co-operative Credit Society Act 2002 the borrower is required to be the member /nominal member of the organisation.
  • This loan plays important role to make the dreams comes true while buying new plot or building Plot /flat. We make the definition of this loan is that " A house is built by hands but a home is built by hearts."
  • The application from with the respective documents being fulfilled is place in the presence of branch manager. After his remarks the concern proposal is forwarded to Hyp. Department forwards the same to the respective branch manager. Then after that all the necessary things are completed and the proposal is forwarded to the loan committee. That committee is the final decision making body on the proposal whether to sanctioned the loan or reject it.
  • The loan sanctioned by the organisation, which is for a specific duration, is required to be paid within a stepulative period of time and is obligatory personally.
  • On the other hand after the due date of the loan, which is given by the organisation has full rights to recover the total amount of loan with the accurate interest on it i.e. the full amt. The organisation can demand as a part and parcel of it.
  • The borrower is also responsible to pay the monthly installments recommended by the organisation based on personal guarantee. Likewise if borrower is unable to pay the installment then the organisation has full rights to recover it as mentioned in its Article of Association i.e. 2% additional fine interest will be charges until this full recovery of the loan.

Documents Required

If Applicant Is Employee

  • Savings Account in Mahesh Nagari atleast from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor's rashioning card/ voters ID/ Light Bill/ Telephone Bill/ Driving licence / Aadhaar card.
  • Applicants Bank statement (for last 1 year).
  • Applicants original LIC policy and receipt of Last installment.
  • Applicant's undertaking (as per given format).
  • Postdated Cheques.
  • Last 3 three months salary slip (original) with the sign on Account department and salary certificate.

And If Applicant Is Businessman

  • Savings Account in Mahesh Nagari atleast from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor's rashioning card/ voters ID/ Light Bill/ Telephone Bill/ Driving licence / Aadhaar card.
  • Applicants Bank statement (for last 1 year).
  • PAN/ TAN, GIR number-xerox copy along with original for verification.
  • Applicants original LIC policy and receipt of Last installment.
  • Nature of business, sourse of income, anual turnover, net worth, net profit (as per latest balance sheet).
  • Postdated Cheques.
  • Shop-act Licence.
  • Stock statements.
  • Original Document of Property- 7/12, sale deed, Index II, Search report, Valuation report.

(*Condition Apply)