Kalyan Janata Sahakari Bank Home Loan Interest Rate at Upto Rs.35 lakhs - 8.5%
Above Rs.35 lakhs - 10%
INTEREST RATE | Upto Rs.35 lakhs - 8.5% Above Rs.35 lakhs - 10% |
LOAN TENURE | 15 Years |
PROCESSING FEE | 0.40% of limit sanctioned |
GUARANTOR REQUIRED | Yes |
PRE CLOSURE CHARGES | Nil |
Calculate Kalyan Janata Sahakari Bank Home Loan EMI Calculate EMI Now
About Kalyan Janata Sahakari Bank
Kalyan Janata Sahakari Bank is a Co-operative bank in india. Kalyan Janata Sahakari Bank was founded on 12-01-1973. 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 Kalyan Janata Sahakari Bank which includes Kalyan Janata Sahakari Bank Official Website, Kalyan Janata Sahakari Bank ATMs accross the India, Kalyan Janata Sahakari Bank Branches accross the India, Kalyan Janata Sahakari Bank Contact Numbers, Kalyan Janata Sahakari Bank official EmailID, Kalyan Janata Sahakari Bank Headquarter and Kalyan Janata Sahakari Bank Headquarter Address. Find Kalyan Janata Sahakari Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Kalyan Janata Sahakari Bank Home Loan?
- Kalyan Janata Sahakari 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 Kalyan Janata Sahakari Bank offers timely assistance to the customers
Kalyan Janata Sahakari Bank Home Loan Purpose
- For construction of own House.
- For purchase of NA plot with fixed/confirmed plans to construct house thereon within stipulated period and should be for residence.[Undertaking to be obtained]
- For purchase of ready built /under construction house or flat.
- For purchase of old house/ flat (on resale basis).
- For takeover of existing housing loans from other Bank/ Finance company.
Kalyan Janata Sahakari 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.
Kalyan Janata Sahakari 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 Kalyan Janata Sahakari 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.
Kalyan Janata Sahakari Bank Home Loan Amount
Minimum Rs. 5.00 lakhs and Maximum Rs. 70.00 lakhs.Margin
New Flat/ House: Minimum 20% of the purchase price.Resale Flat/ House: Minimum 20% of Market value or Agreement value, whichever is less.[Age of the building should not be more than 20 year& remaining expected life of the property should not be less than 30 years]
Kalyan Janata Sahakari Bank Home Loan Repayment
Maximum 15 years in generalMax.18 years in deserving cases.
In case of takeover cases, repayment shall be for residual period.
Security
Equitable or Registered Mortgage of House/ Flat/ Land and House property constructed thereon to be financed.Not essential, but may be called for on case to case basis.
One Guarantor having sufficient means and income acceptable to Bank.
In Case of Prepayment of Kalyan Janata Sahakari Bank Home Loan, will EMI change?
One can pre-pay Kalyan Janata Sahakari 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 Kalyan Janata Sahakari Bank, Kalyan Janata Sahakari Bank SMS balance check number SMS banking, Kalyan Janata Sahakari Bank mobile banking, Kalyan Janata Sahakari Bank toll free number,Kalyan Janata Sahakari Bank toll free number 24*7, Kalyan Janata Sahakari Bank miss call number.
- MISSED CALL NUMBERS - 2261816081
- CUSTOMER CARE NUMBERS - 18002331919
- CONTACT NUMBERS - 0251-2316641, 1800-233-1919, 0251-2315995
Kalyan Janata Sahakari Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.kalyanjanata.in
- CONTACT NUMBERS - 0251-2316641, 1800-233-1919, 0251-2315995
- EMAIL ID - [email protected]
- MISSED CALL NO. - 2261816081
- CUSTOMER CARE NO. - 18002331919
- TOTAL BRANCHES - 46
- TOTAL ATMS - 45
- HEADQUARTER - Mumbai
- BANK ADDRESS - Kalyanam_astu, Om Vijaykrishna Apartments, Adharwadi, Kalyan (W) 421301 Maharashtra
Kalyan Janata Sahakari Bank Home Loan FAQs Home Loan Document Required