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Home Loan
Home Loan

Are you dreaming of owning your own residence? Choose Sri Raksh Home Loan and unlock a world of exclusive features and benefits designed for aspiring homeowners. Our housing loan offers flexibility for various purposes, allowing you to purchase a plot, buy a flat, construct your dream home, or even extend your existing residence. Take advantage of the Sriraksh home loan calculator to discover the interest rates and more!

With Sri Raksh Home Loan, you can turn your homeownership dreams into reality. Benefit from our tailored solutions and make your dream home a tangible achievement. Explore the possibilities with our comprehensive range of home loan options and exceptional customer service. We are here to support you every step of the way.

Experience the joy of calling a place your own. Choose Sri Raksh Home Loan and take the first step towards building a secure and comfortable future for you and your family.

Benefits:

Reducing balance with 1% rebate for all loans.

HOME LOAN POLICY

A Home Loan so simple, that it doesn’t just help you fulfil your dream of buying a house, it helps you make a home out of a house.

Who can Borrow

Individuals (singly/Jointly)

Purpose

Purchase of flat, construction of new houses/bungalows on ownership Basis

Limit

Max. Limit Rs.70.00 lacs

Security

Mortgage of Residential premises to be purchased

Margin

10% of Sale Deed consideration for Loans up to Rs.30 Lacs

20% of Sale Deed consideration for Loans above Rs.30 Lacs

Repayment

Max 120 months.

Branches to obtain 6 (undated) security cheques as the case may be, before disbursement in which only the name of the payee should be filled/ mentioned as "Sri Raksh Souhardha Credit Co-op Ltd". (These cheques should be held safely along with documents All gold loans/OD A/c to be closed on or before the due date from own source.

Processing Fees

1.5% + GST as applicable from time to time (subject to a minimum of Rs.5,000/- + GST).

Legal & Documentation Charges

On Actual Basis

Pre-requisites

1.Should be an income Tax Assessee

2.Individuals employed/engaged in business/Professionals having a fair repaying capacity to justify servicing of monthly instalments.

3.Income Tax Returns for the last three years along with computation of income.

4.Copies of the relevant documents of the property to be purchased / constructed.

Loan Foreclosure Charges

1.2% for pre-closure within 2 years subject to self-closure.

Charges for late payment of loan amount

2% p.a. as penal interest over and above applicable rate of interest.

About Us

Sri Raksh Souharda Credit Co-operative Limited

At Sri Raksh, we put our customers first. And the confidence that our customers have in us drives us to excel and to redefine boundaries. For us, customer centricity is not just a buzzword. We strive to embody elements of what relationships are about:- Being there for the long haul, through good times and bad Recognising that relationships have swings and roundabouts

Our location

#7, First Floor, Chandra Layout Main Road Income Tax Layout Binny Mills Employees Colony Vijayanagar Bangalore-560 040

Phone Number

(080) -23441011