Amanath Cooperative Bank Ltd. Bangalore Home Loan Interest Rate at 12% to 14%
| INTEREST RATE | 12% to 14% |
| LOAN TENURE | Flexible |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | Nil |
Calculate Amanath Cooperative Bank Ltd. Bangalore Home Loan EMI Calculate EMI Now
About Amanath Cooperative Bank Ltd. Bangalore
Amanath Cooperative Bank Ltd. Bangalore is a Co-operative bank in india. Amanath Cooperative Bank Ltd. Bangalore was founded on 13-01-1977. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Amanath Cooperative Bank Ltd. Bangalore which includes Amanath Cooperative Bank Ltd. Bangalore Official Website, Amanath Cooperative Bank Ltd. Bangalore ATMs accross the India, Amanath Cooperative Bank Ltd. Bangalore Branches accross the India, Amanath Cooperative Bank Ltd. Bangalore Contact Numbers, Amanath Cooperative Bank Ltd. Bangalore official EmailID, Amanath Cooperative Bank Ltd. Bangalore Headquarter and Amanath Cooperative Bank Ltd. Bangalore Headquarter Address. Find Amanath Cooperative Bank Ltd. Bangalore Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Amanath Cooperative Bank Ltd. Bangalore Home Loan?
- Amanath Cooperative Bank Ltd. Bangalore provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Amanath Cooperative Bank Ltd. Bangalore offers timely assistance to the customers
Amanath Cooperative Bank Ltd. Bangalore Home Loan Purpose
Purchase/Constuction of Residential Property (Flat/Bungalow/house)& Extension of Existing Property for Residential PurposeAmanath Cooperative Bank Ltd. Bangalore Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Amanath Cooperative Bank Ltd. Bangalore Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Amanath Cooperative Bank Ltd. Bangalore Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Amanath Cooperative Bank Ltd. Bangalore Home Loan Amount
Maximum Rs 20 lakhs for constructionMaximum Rs 2 lakhs for alteration & repairs
Margin
50% of the cost of the propertyAmanath Cooperative Bank Ltd. Bangalore Home Loan Repayment
Flexible repayment options to suit borrower's individual needs.Security
Equitable|registered mortgage of the property in question.In Case of Prepayment of Amanath Cooperative Bank Ltd. Bangalore Home Loan, will EMI change?
One can pre-pay Amanath Cooperative Bank Ltd. Bangalore Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Contact details of Amanath Cooperative Bank Ltd. Bangalore, Amanath Cooperative Bank Ltd. Bangalore SMS balance check number SMS banking, Amanath Cooperative Bank Ltd. Bangalore mobile banking, Amanath Cooperative Bank Ltd. Bangalore toll free number,Amanath Cooperative Bank Ltd. Bangalore toll free number 24*7, Amanath Cooperative Bank Ltd. Bangalore miss call number.
- CUSTOMER CARE NUMBERS - 080-22957711 to 22957716
- CONTACT NUMBERS - 080-22957711 to 22957716, Fax : 080-22957705
Amanath Cooperative Bank Ltd. Bangalore Contact Details
- BANK OFFICIAL WEBSITE - https://www.amanath-bank.com
- CONTACT NUMBERS - 080-22957711 to 22957716, Fax : 080-22957705
- EMAIL ID - [email protected]
- CUSTOMER CARE NO. - 080-22957711 to 22957716
- TOTAL BRANCHES - 13
- TOTAL ATMS - 8
- HEADQUARTER - Banglore
- BANK ADDRESS - 'Amanath House' 43, Hospital Road, Bangalore, Karnataka Pincode-560001
Amanath Cooperative Bank Ltd. Bangalore Home Loan FAQs Home Loan Document Required
