Nagar Urban Co Operative Bank Home Loan Interest Rate at Loan period of upto 10 years : 7.90%
Loan period of above 10 years : 8.50%
INTEREST RATE | Loan period of upto 10 years : 7.90% Loan period of above 10 years : 8.50% |
LOAN TENURE | 15 Years |
PROCESSING FEE | As decided by the bank from time to time |
GUARANTOR REQUIRED | Yes |
PRE CLOSURE CHARGES | Nil |
Calculate Nagar Urban Co Operative Bank Home Loan EMI Calculate EMI Now
About Nagar Urban Co Operative Bank
Nagar Urban Co Operative Bank is a Co-operative bank in india. Nagar Urban Co Operative Bank was founded on 1910. 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 Nagar Urban Co Operative Bank which includes Nagar Urban Co Operative Bank Official Website, Nagar Urban Co Operative Bank ATMs accross the India, Nagar Urban Co Operative Bank Branches accross the India, Nagar Urban Co Operative Bank Contact Numbers, Nagar Urban Co Operative Bank official EmailID, Nagar Urban Co Operative Bank Headquarter and Nagar Urban Co Operative Bank Headquarter Address. Find Nagar Urban Co Operative Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Nagar Urban Co Operative Bank Home Loan?
- Nagar Urban Co Operative 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 Nagar Urban Co Operative Bank offers timely assistance to the customers
Nagar Urban Co Operative Bank Home Loan Purpose
To construct House / Flat / Bungalow, purchase new House / Flat or repairing of House / Flat.Nagar Urban Co Operative 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.
Nagar Urban Co Operative 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 Nagar Urban Co Operative 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.
Nagar Urban Co Operative Bank 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%Nagar Urban Co Operative Bank Home Loan Repayment
Maximum of 15 years.Security
Equitable or Registered Mortgage of Flat or House property constructed thereon to be financed.In Case of Prepayment of Nagar Urban Co Operative Bank Home Loan, will EMI change?
One can pre-pay Nagar Urban Co Operative 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 Nagar Urban Co Operative Bank, Nagar Urban Co Operative Bank SMS balance check number SMS banking, Nagar Urban Co Operative Bank mobile banking, Nagar Urban Co Operative Bank toll free number,Nagar Urban Co Operative Bank toll free number 24*7, Nagar Urban Co Operative Bank miss call number.
- CUSTOMER CARE NUMBERS - 0241-2343641-42
- CONTACT NUMBERS - 0241-2343641-42, 0241-2417804 to 2417807, Fax : 0241-2346951, 2321606, 2323316
Nagar Urban Co Operative Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.nucb.in
- CONTACT NUMBERS - 0241-2343641-42, 0241-2417804 to 2417807, Fax : 0241-2346951, 2321606, 2323316
- EMAIL ID - [email protected], [email protected]
- CUSTOMER CARE NO. - 0241-2343641-42
- TOTAL BRANCHES - 49
- HEADQUARTER - Mumbai
- BANK ADDRESS - Post Box No 7, Central Bank Road, Ahmednagar, Maharashtra Pincode-414001
Nagar Urban Co Operative Bank Home Loan FAQs Home Loan Document Required