NAB Personal Banking

 

 

Purpose
Purchase of house/flat/ takeover of housing loans from other Banks/ Financial Institutions.
Eligibility Salaried Employees /Businessmen/Professionals
Limit of loan

80% of Cost of House Property / Sale Agreement.

Basis of Advance Based on the Assessment of Credit-Worthiness of the Borrowers and Guarantors.
Repayment Period Maximum 15 years.
Rate of Interest 9.90 %
Processing fees As per policy of the Bank from time to time
Shareholding/ Membership Contribution As per Bank's Norms
Security Registered Equitable/ legal Mortgage of house property to be purchased.
Guarantors Two guarantors as acceptable to the Bank. ( with good net worth)
Documentation
BMCB Checklist for Loan
Applicant Documents For New and Renewal Files
Loan Application Form
3 Sets of KYC of Proprietor / All Partners / All Directors with Originals for Banker Signature
ITR, SOI, BS, PL, Auditor Report, if any singed by Borrower and Verified by CA Certified for last 3 years
Net Worth Statement of Borrower Certified By CA
CIBIL Report
Application for Membership with Share Certificate as per Internal Norms
All Bank Statement with last 6 months
Valuation Report
Title Clearance Certificate
Collateral Property Sale Deed & related documents (Society share certi, NOC, allotment & Possesions letter, BU permission)
Municipal Tax Bill of Applicant property
In case of takeover. NOC from prev. Banker
 
Guarantor Documents
3 Sets of KYC of Guarantors with Originals for Banker Signature
ITR, SOI, BS, PL, Auditor Report, if any singed by Guarantor and Verified by CA Certified for last 3 years
Net Worth Statement of Guarantor Certified By CA
Whether Total Net Worth of Borrowers & guarantors is > 100% of loan Proposed?
CIBIL Report of the Firm / Company
CIBIL Report of all Concerned Persons
Application for Membership with Share Certificate as per Internal Norms
Municipal Tax Bill of Guarantor property

Apply here