Nagpur Nagarik Sahakari Bank Limited Home Loan Interest Rate at 9% to 10%
| INTEREST RATE | 9% to 10% |
| LOAN TENURE | 15 Years |
| PROCESSING FEE | Rs 250 for Loan upto 25,000 and Rs. 5.00 per thousand above Rs. 25,000 |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | Nil |
Calculate Nagpur Nagarik Sahakari Bank Home Loan EMI Calculate EMI Now
About Nagpur Nagarik Sahakari Bank
Nagpur Nagarik Sahakari Bank Limited is a Co-operative bank in india. Nagpur Nagarik Sahakari Bank Limited was founded on 10-08-1962. 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 Nagpur Nagarik Sahakari Bank Limited which includes Nagpur Nagarik Sahakari Bank Limited Official Website, Nagpur Nagarik Sahakari Bank Limited ATMs accross the India, Nagpur Nagarik Sahakari Bank Limited Branches accross the India, Nagpur Nagarik Sahakari Bank Limited Contact Numbers, Nagpur Nagarik Sahakari Bank Limited official EmailID, Nagpur Nagarik Sahakari Bank Limited Headquarter and Nagpur Nagarik Sahakari Bank Limited Headquarter Address. Find Nagpur Nagarik Sahakari Bank Limited Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Nagpur Nagarik Sahakari Bank Home Loan?
- Nagpur Nagarik 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 Nagpur Nagarik Sahakari Bank offers timely assistance to the customers
Nagpur Nagarik Sahakari Bank Home Loan Purpose
Construction of own house / Purchase of ready built house/flat/resale flat / takeover of housing loans from other banks/institutionsNagpur Nagarik 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.
Nagpur Nagarik 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 Nagpur Nagarik 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.
Nagpur Nagarik Sahakari Bank Home Loan Amount
Loan amount to be restricted to 70 % of purchase price ( Including cost of registration and stamp duty applicable for it ) or estimate for repairs and or additional construction.Margin
10% to 15%Nagpur Nagarik Sahakari Bank Home Loan Repayment
Maximum period 15 Years, in const. Moratorium Priod maximum 18 MonthsSecurity
Mortgage of Residential premises to be purchasedIn Case of Prepayment of Nagpur Nagarik Sahakari Bank Home Loan, will EMI change?
One can pre-pay Nagpur Nagarik 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 Nagpur Nagarik Sahakari Bank Limited, Nagpur Nagarik Sahakari Bank Limited SMS balance check number SMS banking, Nagpur Nagarik Sahakari Bank Limited mobile banking, Nagpur Nagarik Sahakari Bank Limited toll free number,Nagpur Nagarik Sahakari Bank Limited toll free number 24*7, Nagpur Nagarik Sahakari Bank Limited miss call number.
- CUSTOMER CARE NUMBERS - 1800 266 7183
- CONTACT NUMBERS - 0712-2761386, 0712-2764313, 1800 266 7183
Nagpur Nagarik Sahakari Bank Limited Contact Details
- BANK OFFICIAL WEBSITE - https://www.nnsbank.co.in
- CONTACT NUMBERS - 0712-2761386, 0712-2764313, 1800 266 7183
- EMAIL ID - [email protected]
- CUSTOMER CARE NO. - 1800 266 7183
- TOTAL BRANCHES - 46
- TOTAL ATMS - 22
- HEADQUARTER - Nagpur
- BANK ADDRESS - Dr. Ambedkar Chowk, Central Avenue, Nagpur, Maharashtra Pincode-440008
Nagpur Nagarik Sahakari Bank Home Loan FAQs Home Loan Document Required
