VVCC Bank LTD - Housing Loan

Eligibility of borrower	Having current / saving account holder of the Bank. Borrower must be a member of the Bank. Have good reputation and credit worthiness.
Purpose of Loan	Purchase/Construction of residential building for his own use.
Quantum of finance	Up to 80% of cost of construction or purchase value Maximum 140.00 Lacs. (Flexible Rate)
Share Linkage	Borrower must have Bank's Share Linkage @ 1% of the loan sanction amount.
Repayment period	Maximum 240 months
Rate of Interest	08.35 % (WEF 01-04-2024) Up to 140.00 Lacs. (Flexible Rate)
Security	Prime: Simple mortgage property purchase/constructed out of the Bank finance Collateral: Third party guarantee of two personal guarantors having good Credit worthiness and financially sound and member of the Bank. Principal / Collateral Security must be covered by insurance.

Applicable Approx. Charges for above facilities.

Title Clearance Report	2500.00
Valuation Report of Property	Max 0.125% of Valuation Amount
Mortgage Charges
Legal Fees & Misc Charges	5500.00
Stamp Duty	@ 0.35 % of Loan amount
Mortgage Registration Charge	Max. Rs. 6000.00
Stamp charges for Loan Agreement	@ 0.25% of Loan amount