The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan Interest Rate at For Construction or Purchase of Residential House(Fixed Rate of Interest) - 9.50%
For Construction or Purchase of Residential House (Floating Rate of Interest)- 9.00%

Note: Updated on Feb 2024, for latest interest rates, please visit bank website.

Calculate The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan EMI Calculate EMI Now

About The Akola Janata Commercial Cooperative Bank Ltd. Akola.

The Akola Janata Commercial Cooperative Bank Ltd. Akola. is a Co-operative bank in india. The Akola Janata Commercial Cooperative Bank Ltd. Akola. was founded on 20-10-1969. 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 The Akola Janata Commercial Cooperative Bank Ltd. Akola. which includes The Akola Janata Commercial Cooperative Bank Ltd. Akola. Official Website, The Akola Janata Commercial Cooperative Bank Ltd. Akola. ATMs accross the India, The Akola Janata Commercial Cooperative Bank Ltd. Akola. Branches accross the India, The Akola Janata Commercial Cooperative Bank Ltd. Akola. Contact Numbers, The Akola Janata Commercial Cooperative Bank Ltd. Akola. official EmailID, The Akola Janata Commercial Cooperative Bank Ltd. Akola. Headquarter and The Akola Janata Commercial Cooperative Bank Ltd. Akola. Headquarter Address. Find The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.

Why The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan?

1. The Akola Janata Commercial Cooperative Bank Ltd. Akola. provides a range of Home Loan Schemes designed for different needs of customers
2. Interest Rate is very competitive and affordable
3. Minimal Documentation
4. It provides Flexible Repayment Options to the borrowers
5. Easy and fast approval & disbursal of home loans
6. Has dedicated team of well-experienced employees which also offer personalised service
7. 24/7 customer care service of The Akola Janata Commercial Cooperative Bank Ltd. Akola. offers timely assistance to the customers

The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan Purpose

For Construction or Purchase of Residential House etc. (Personal Purpose)

The Akola Janata Commercial Cooperative Bank Ltd. Akola. 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.

The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan Document Required

1. Duly filled and signed application form with photograph
2. Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
3. Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
4. Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
5. Form 16
6. Latest 6 months salary slips for salaried persons
7. Bank Statement of last 6 months
8. Income Tax Returns (ITR) of last 3 years
9. Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
10. Processing fee Cheque
11. Copies of the title documents of the property and the approved plan
12. For Construction/ Renovation case, cost estimate from the Architect

Tax Benefits of availing The Akola Janata Commercial Cooperative Bank Ltd. Akola. 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.

The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan Amount

Upto 75% to 85% of property Valuation Report.
Loan Amount taking into consideration the repaying capacity of the applicant.

Margin

15% to 25%

The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan Repayment

Maximum of 15 years.

Security

Mortgage of Residential premises to be purchased

In Case of Prepayment of The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan, will EMI change?

One can pre-pay The Akola Janata Commercial Cooperative Bank Ltd. Akola. 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:

1. He can continue with the existing and reduce the loan tenure
2. 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 The Akola Janata Commercial Cooperative Bank Ltd. Akola., The Akola Janata Commercial Cooperative Bank Ltd. Akola. SMS balance check number SMS banking, The Akola Janata Commercial Cooperative Bank Ltd. Akola. mobile banking, The Akola Janata Commercial Cooperative Bank Ltd. Akola. toll free number,The Akola Janata Commercial Cooperative Bank Ltd. Akola. toll free number 24*7, The Akola Janata Commercial Cooperative Bank Ltd. Akola. miss call number.

• CUSTOMER CARE NUMBERS - 0724-2430012
• CONTACT NUMBERS - 0724-2430012, 0724-2430639, 0724-2430241, Fax : 0724-2430814, 0724-2440041

The Akola Janata Commercial Cooperative Bank Ltd. Akola. Contact Details

• BANK OFFICIAL WEBSITE - https://www.akolajanatabank.com
• CONTACT NUMBERS - 0724-2430012, 0724-2430639, 0724-2430241, Fax : 0724-2430814, 0724-2440041
• EMAIL ID - [email protected]
• CUSTOMER CARE NO. - 0724-2430012
• TOTAL BRANCHES - 0
• HEADQUARTER - Nagpur
• BANK ADDRESS - Janavaibhav', Old cotton market, P.B.No.-90, Akola. Maharashtra. Pincode-444001

The Akola Janata Commercial Cooperative Bank Ltd. Akola. EMI Calculator  The Akola Janata Commercial Cooperative Bank Ltd. Akola. Branches
The Akola Janata Commercial Cooperative Bank Ltd. Akola. Home Loan FAQs  Home Loan Document Required

Other Banks Home Loan Interest Rates

Abhyudaya Cooperative Bank Limited	Ahmedabad Mercantile Cooperative Bank
Akola Urban Coop Bank	Allahabad Bank
Allahabad Up Gramin Bank	Amanath Cooperative Bank Ltd. Bangalore
Andhra Bank	Andhra Pradesh Grameena Vikas Bank
Andhra Pragathi Grameena Bank	Apna Sahakari Bank Limited
Arunachal Pradesh Rural Bank	Aryavart Bank
Assam Gramin Vikash Bank	Au Small Finance Bank Limited
Axis Bank	Bandhan Bank Limited
Bangiya Gramin Vikash Bank	Bank Of Baroda
Bank Of India	Bank Of Maharashtra
Baroda Gujarat Gramin Bank	Baroda Rajasthan Kshetriya Gramin Bank
Baroda U.p. Bank	Baroda Up Gramin Bank
Bassein Catholic Cooperative Bank Limited	Bharat Cooperative Bank Mumbai Ltd. Mumbai
Bharati Sahakari Bank	Bharatiya Mahila Bank Limited
Bihar Gramin Bank	Bombay Mercantile Co Op Bank Ltd
Canara Bank	Capital Small Finance Bank Limited
Catholic Syrian Bank Limited	Central Bank Of India
Central Madhya Pradesh Gramin Bank	Chaitanya Godavari Grameena Bank
Chhattisgarh Rajya Gramin Bank	Citizen Credit Cooperative Bank Limited
City Union Bank Limited	Corporation Bank
Dakshin Bihar Gramin Bank	Dcb Bank Limited
Dena Bank	Dena Gujarat Gramin Bank
Dhanalakshmi Bank	Dombivli Nagari Sahakari Bank Limited
Ellaquai Dehati Bank	Equitas Small Finance Bank Limited
Esaf Small Finance Bank Limited	Export Import Bank Of India
Federal Bank	Fincare Small Finance Bank Ltd
Gramin Bank Of Aryavart	Hdfc Bank
Himachal Pradesh Gramin Bank	Icici Bank Limited
Idbi Bank	Idfc First Bank
Indian Bank	Indian Mercantile Cooperative Bank Ltd.
Indian Overseas Bank	Indusind Bank
Jalgaon Janata Sahakari Bank Limited	Jammu And Kashmir Bank Limited
Jammu And Kashmir Grameen Bank	Janakalyan Sahakari Bank Limited
Janalaxmi Coop Bank	Janata Sahakari Bank Ltd
Jharkhand Gramin Bank	Jharkhand Rajya Gramin Bank
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited	Kalupur Commercial Cooperative Bank
Kalyan Janata Sahakari Bank	Kapol Cooperative Bank Limited
Karnataka Bank Limited	Karnataka Gramin Bank
Karnataka Vikas Grameena Bank	Karur Vysya Bank
Kashi Gomti Samyut Gramin Bank	Kaveri Grameena Bank
Kerala Gramin Bank	Khamgaon Urban Co Op Bank Ltd
Kotak Mahindra Bank Limited	Langpi Dehangi Rural Bank
Laxmi Vilas Bank	Madhya Bihar Gramin Bank
Madhya Pradesh Grameen Bank	Madhyanchal Gramin Bank
Mahanagar Cooperative Bank	Maharashtra Gramin Bank
Malwa Gramin Bank	Manipur Rural Bank
Meghalaya Rural Bank	Mizoram Rural Bank
Nagaland Rural Bank	Nagar Urban Co Operative Bank
Nagpur Nagarik Sahakari Bank Limited	Narmada Jhabua Gramin Bank
Nasik Merchants Cooperative Bank Ltd.	New India Cooperative Bank Limited
Nkgsb Cooperative Bank Limited	North East Small Finance Bank Limited
Nutan Sahakari Bank Ltd	Odisha Gramya Bank
Oriental Bank Of Commerce	Pallavan Grama Bank
Pandyan Grama Bank	Paschim Banga Gramin Bank
Pragathi Krishna Gramin Bank	Prathama Bank
Prathama U.p. Gramin Bank	Pravara Sahakari Bank Ltd
Puduvai Bharathiar Grama Bank	Punjab And Maharshtra Cooperative Bank
Punjab And Sind Bank	Punjab Gramin Bank
Punjab National Bank	Purvanchal Gramin Bank
Rajarambapu Sahakari Bank Ltd	Rajasthan Marudhara Gramin Bank
Rajkot Nagrik Sahakari Bank Limited	Rupee Cooperative Bank Ltd.
Sangli Urban Co Op Bank Ltd Sangli	Saptagiri Grameena Bank
Saraswat Cooperative Bank Limited	Sardar Bhiladwala Pardi Pepls Co Bk
Sarva Haryana Gramin Bank	Sarva Up Gramin Bank
Saurashtra Gramin Bank	Shikshak Sahakari Bank Limited
Solapur Janata Sahakari Bank Limited	South Indian Bank
State Bank Of Bikaner And Jaipur	State Bank Of Hyderabad
State Bank Of India	State Bank Of Mysore
State Bank Of Patiala	State Bank Of Travancore
Suryoday Small Finance Bank	Sutlej Kshetriya Gramin Bank
Syndicate Bank	Tamil Nadu Grama Bank
Tamilnad Mercantile Bank Limited	Telangana Grameena Bank
The A.p. Mahesh Cooperative Urban Bank Limited	The Akola Janata Commercial Cooperative Bank Ltd. Akola.
The Cosmos Co Operative Bank Limited	The Goa Urban Co Op Bank Ltd
The Greater Bombay Cooperative Bank Limited	The Jalgaon Peoples Cooperative Bank Limited
The Kapol Cooperative Bank Limited	The Karad Urban Cooperative Bank Limited
The Mapusa Urban Coop Bank Of Goa Ltd	The Mehsana Urban Cooperative Bank
The Nainital Bank Limited	The Shamrao Vithal Cooperative Bank
The Surath Peoples Cooperative Bank Limited	The Thane Bharat Sahakari Bank Limited
The Zoroastrian Cooperative Bank Limited	Tjsb Sahakari Bank Ltd
Tripura Gramin Bank	Uco Bank
Ujjivan Small Finance Bank Limited	Union Bank Of India
United Bank Of India	Utkal Grameen Bank
Utkarsh Small Finance Bank	Uttar Banga Kshetriya Gramin Bank
Uttar Bihar Gramin Bank	Uttarakhand Gramin Bank
Vananchal Gramin Bank	Vidharbha Konkan Gramin Bank
Vijaya Bank	Yes Bank
Zila Sahakari Bank Ltd