Sree charan Nivas Scheme-CNS

Eligible category of borrowers

  • Regular members of our bank only

Line of activity

  • Persons engaged in business / professional services / Employees / others having good turnover / income.

Quantum of loan

  • As mentioned in Interest chart

Repayment

  • Monthly Installments + Interest

Rate of Interest

  • As mentioned in Interest chart (Subject to changes / revision from time to time)

Purpose

  • Construction, House / Site purchase, Repairs & Renovations

Security

  • Simple Mortgage of the Immovable property

Shares

  • As applicable

Sureties

  • 2 sureties who are necessarily to be Regular members / Nominal members of the bank Spouse should become one of the sureties.

Other charges

  • As applicable.

Documents Required

  • Specified loan application.
  • Guarantor’s declaration form.
  • Address and income proof of both borrower & sureties.
  • IT Assessment orders (3 years) / Audited Financial statements.
  • All original property documents.
  • Valid legal opinion / valuation report on the property along with Insurance
  • Required margin as the case may be
  • Sanctioned plan & Estimation for construction.
  • Any other letter/document related to the activity/purpose as the case may be.
  • Other terms & conditions as applicable.

For more details / clarification please contact your nearest branch.

SREE CHARAN NIVAS SCHEME – CNS 
RATE OF INTEREST CHART 
AMOUNT 120M 240M
Upto Rs 25.00 Lacs 8.50% 8.50%
Rs.25.00 Lacs to Rs.30 Lacs 8.75% 8.75%
>Rs 30.00 Lacs to Rs 50.00 Lacs 10.00% 10.50%
>Rs 50.00 Lacs to Rs 70.00 Lacs 11.50% 12.00%