This Website needs Javascript activated to work.

Advances Land & Building

Significant Features:

• Duration of Repayment is 180 Months
• Rate of interest
• Installment
• Loan amount can 80 to 100 % of Market Value or Document Value as the case may be
• Repayment capacity is 50% of total income and evaluation is based on the income of Applicant & Co-Applicant (Family Member)
• If Property is located at Nagarpalika then Advance will be furnished.

Type Of Applicant (Minimum Requirements):

• KYC Docs are Mandatory
• Applicant has to be RNSB Shareholder (If not then they may subscribe for the same)

Service Class Applicant:

• Form 16 or Salary Slip (Last 3 Month)
• Confirmation from employer for allowing deduction of EMI straight from the salary.

For Proprietor / Partnership / Company / Professional / Vocational:

• Self Declaration of Income
• Financial Statement (Last 3 Years)
• Income Tax Return (Last 3 Years)
• Shop Act License
• VAT / CST / SSI Certificate
• Service Tax Certificate
• Partnership Deed – Latest
• Registrar of Firms
• Certificate of Incorporation
• MOA or AOA

Guarantor Compliance:

If one guarantor want to furnish then Guarantor must has immovable property, otherwise furnish Two Guarantor.

Purpose based rules (Construction Work):

• Estimate of Cost of Construction.
• Authorized / Approved Plan.
• Requisite Permission

Purchase

• Recent Document Deed (Register within 1 Years from the Date of Application)
• Satakhat (Register within 1 Years from the Date of Application)