Purpose
For Repairs, Renovation of house 
 
Eligibility
A) 30 times of net salary of the applicant and spouse and/or close relative
OR
B) 3 times of net cash accruals
whichever is less
 
Limit of Loan 
Maximum up to Rs.2.50 Lacs.

Rate Of Interest

Please contact your nearest branch for repayment plan and interest rates .
Repayment Period 
Maximum 5 years. Rate of Interest  reset after two years.
 
Security
1) Equitable mortgage of flat
2) Minimum two guarantor with net salary above Rs.12000/- p.m. is necessary
 
Share Holding
2.50% of the sanctioned loan amount
 
Processing Charges
1% of the loan amount + legal charges on actual basis.


Documents Required
Income proof of applicant in the form of latest salary slip/certificate OR
Copy of latest Income Tax Return filed with computation details of personal assets and liabilities.

Two guarantors with their latest salary slips/certificates OR Income Tax Return filed with computation of income.

Proforma invoice from approved dealer (Consumer Durable/Furniture)/ contractor.

Proof of construction work to be done.

Sajawat Loan Scheme (Existing customers)

Purpose
For Repairs, Renovation of house 
 
Eligibility
For borrowers, who have regularly repaid Vastu Siddhi Installments for last three years

Basis of Advance:-
A) Loan amount inclusive of outstanding loan under home loan scheme not to exceed 50 times of net salary of the applicant and spouse and/or close relatives
OR
B) 3 times of net cash accruals
 whichever is less
 
The loan amount shall not exceed the loan repaid under Vastu Siddhi Home Loan Scheme

Limit of Loan 
Maximum up to Rs.5.00 lacs
 
Rate Of Interest
Equivalent to rate for housing loan  prevailing  as on the date of availing 
the Vastu Sajawat Loan.

  
Repayment Period 
For loan above Rs.2.50 lakhs upto Rs.5.00 lakhs: Maximum 5 years Or Unexpired period of Vastu Siddhi loans whichever is lower.
The loan should be repaid prior to or alongwith Vastu Siddhi Home Loan. In no case the borrower will be allowed to close Vastu Siddhi Home loan prior to the loan under this scheme.
 
Security
Equitable mortgage (extension of charge to cover existing and new loan)
For salaried persons recovery under Sec.60
Minimum 2 guarantors with net salary above Rs.12000/- p.m. are necessary.
 
Share Holding
2.50% of the sanctioned loan amount
 
Processing Charges
1% of the Loan amount plus legal charges on actual basis.
 
 
Documents Required
a) Income proof of applicant in the form of latest salary slip/certificate OR copy of latest Income Tax Return filed with computation details of personal assets and liabilities.
b) Two guarantors with their latest salary slips/certificates OR Income Tax Return filed with computation of income
c) Proforma invoice from approved dealer (Consumer Durable/Furniture) / Contractor.
d) Proof of construction work to be done.

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