Janalaxmi Coop Bank Home Loan Interest Rate at 10.00%
| INTEREST RATE | 10.00% |
| LOAN TENURE | 15 Years |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | Nil |
Calculate Janalaxmi Coop Bank Home Loan EMI Calculate EMI Now
About Janalaxmi Coop Bank
Janalaxmi Coop Bank is a Co-operative bank in india. Janalaxmi Coop Bank was founded on 14-02-1976. 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 Janalaxmi Coop Bank which includes Janalaxmi Coop Bank Official Website, Janalaxmi Coop Bank ATMs accross the India, Janalaxmi Coop Bank Branches accross the India, Janalaxmi Coop Bank Contact Numbers, Janalaxmi Coop Bank official EmailID, Janalaxmi Coop Bank Headquarter and Janalaxmi Coop Bank Headquarter Address. Find Janalaxmi Coop Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Janalaxmi Coop Bank Home Loan?
- Janalaxmi Coop Bank 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 Janalaxmi Coop Bank offers timely assistance to the customers
Janalaxmi Coop Bank Home Loan Purpose
To construct House / Flat / Bungalow, purchase new House / Flat or repairing of House / Flat.Janalaxmi Coop Bank 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.
Janalaxmi Coop Bank 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 Janalaxmi Coop Bank 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.
Janalaxmi Coop Bank Home Loan Amount
Maximum Limit Rs.25 LakhsMargin
10% to 15%Janalaxmi Coop Bank Home Loan Repayment
Maximum of 15 years.Security
Equitable Mortgage / Registered mortgage of Property offered as security.Two shareholders alongwith their income proof, financial statement, photograph, address proof etc. is required as guarantors for the said loan.
In Case of Prepayment of Janalaxmi Coop Bank Home Loan, will EMI change?
One can pre-pay Janalaxmi Coop Bank 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 Janalaxmi Coop Bank , Janalaxmi Coop Bank SMS balance check number SMS banking, Janalaxmi Coop Bank mobile banking, Janalaxmi Coop Bank toll free number,Janalaxmi Coop Bank toll free number 24*7, Janalaxmi Coop Bank miss call number.
- CUSTOMER CARE NUMBERS - 0253-2577872
- CONTACT NUMBERS - 0253-2577872, 73, 74, Fax: (0253) 2577878
Janalaxmi Coop Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.janalaxmibank.com
- CONTACT NUMBERS - 0253-2577872, 73, 74, Fax: (0253) 2577878
- EMAIL ID - [email protected], [email protected]
- CUSTOMER CARE NO. - 0253-2577872
- TOTAL BRANCHES - 26
- HEADQUARTER - Mumbai
- BANK ADDRESS - "Sammuddhi", Gadkari Chowk,Old Agra Road, Near Kalika Mandir, Nashik, Maharashtra. Pincode-422002
Janalaxmi Coop Bank Home Loan FAQs Home Loan Document Required
