The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
Salaried persons/Business/Professionals who are members of the bank.
Purchase on an ownership basis.
Plot and construction of a house thereon.
Flat in the proposed/established Co-Operative Housing Society/Schemes for SC/ST/Slum Clearance Schemes with a guarantee of the Government/through Statutory Boards.
Major repairs to a house/flat.
Extension to an existing house.
85% of the cost of the house/flat/extension/major repairs, including the cost of stamp and registration charges.
OR
60 times the average gross monthly income.
OR
3 times the average profit + depreciation for the last 3 years.
OR
Maximum Rs.70 Lacs, whichever is the least of the above, as the case may be.
Maximum Rs.5 Lacs for major repairs.
As per Banks Guidelines*
In 240 equated monthly installments. The first installment shall become due one month after possession in the case of outright purchase and 12 months in the case of a house/flat under construction.
Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here