Vengara Service Co-operative Bank

Housing Loan

Title	Norms
Purpose	Construction of new House,Modification of Residential house,Purchase of House / Flat.
Eligibility	A Class Membership, Property should be within area of Vengara & Kannamangalam Panchayaths.
Limit of Loan	Rs.35,00,000/-
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs.1,00,000 Property : Maximum Rs. 35,00,000
Repayment Period	Maximum -120 months
Repayment Mode	Monthly
Rate of Interest	10 % to 11.25 Penal Interest: 2% extra for default amount
Documents Required	Title Deed, Tax Receipt, Possession and Non Attachment Certificates, 14 Years Encumbrance certificate, Location Map, Approved Plan from Panchayath & Estimate signed by a recognized engineer