काप रे शन बक
(सावजिनक क्षे का अ णी बक)
धान कायालय, डा.पे.सं. 88,
मंगलूर - 575 001
.का. प रप सं. HO
Circular No. 308/2017
Corporation Bank
ई-सकु लर e-CIRCULAR
Retail Lending Division
Email : horls@corpbank.co.in
सूचकांक Index No.
52.00/20/2017
(A Premier Public Sector Bank)
Head Office, PB No.88,
Mangalore – 575 001
दनांक Date: 01-June-2017
समस्त शाखा /कायालय हेतु TO ALL THE BRANCHES/ OFFICES
Subject : Introduction of new housing loan variant - Pradhan Mantri Awas Yojana
Credit Linked Subsidy Scheme for Middle Income Group [PMAY-CLSS for MIG)
HIGHLIGHTS
MoHUPA has launched a new Credit Linked Subsidy Scheme under Pradhan
Mantri Awas Yojana for Middle Income Group (PMAY-CLSS for MIG).
Under PMAY-CLSS for MIG, Beneficiaries of Middle Income Group-I (MIG I)
seeking housing loans from Banks would be eligible for upfront interest subsidy at
the rate of 4.0% on NPV basis on an amount of Rs.9 lakh for a tenure of 20 years
or during tenure of loan whichever is lower.
Under PMAY-CLSS for MIG, Beneficiaries of Middle Income Group-II (MIG II)
seeking housing loans from Banks would be eligible for upfront interest subsidy at
the rate of 3.0 % on NPV basis on an amount of Rs.12 lakh for a tenure of 20
years or during tenure of loan whichever is lower.
Government of India will release the subsidy through Central Nodal Agencies (i.e.
NHB and HUDCO). Our Bank has entered into MOU with NHB.
The PMAY-CLSS for MIG shall be effective from 01.01.2017. Housing Loans
sanctioned and disbursed on and after 01.01.2017 would be eligible for subsidy
under PMAY-CLSS for MIG provided all the parameters of the scheme have
been complied with.
In order to impart the required focus to the scheme, a new variant of Corp Home
viz. Pradhan Mantri Awas Yojana - Credit Linked Subsidy Scheme for Middle
Income Group [PMAY-CLSS for MIG) is introduced.
1.0
“Pradhan Mantri Awas Yojana (Urban) – Housing for All” Mission for urban areas is
being implemented with effect from 17.06.2015 to provide interest subsidy on home
loans taken by eligible beneficiaries belonging to Economically Weaker Section (EWS) /
Lower Income Group (LIG)] for acquisition/construction of house and incremental
housing.
Page 1 of 18
2.0
Given the projected growth of urbanization in India and the consequent housing
demands, Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has launched a
new Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana (PMAY-CLSS)
to provide interest subsidy for housing loans for acquisition/ construction of house
(including re-purchase) availed by eligible beneficiaries belonging to Middle Income
Group (PMAY-CLSS for MIG). The scheme will be implemented initially in 2017 for a
period of one year w.e.f 01.01.2017.
3.0
The existing Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana (Urban)
Mission has, accordingly, been renamed as “CLSS for EWS/LIG”.
4.0
Housing and Urban Development Corporation (HUDCO) and National Housing Bank
(NHB) have been identified as Central Nodal Agencies (CNAs) to channelize this
subsidy to the lending institutions and for monitoring the progress. Our Bank has entered
into an MOU with National Housing Bank [NHB] for PMAY-CLSS for MIG.
5.0
The salient features of the operational guidelines issued by MoHUPA with regard to
PMAY-CLSS for MIG are as under :
Parameter
Middle Income Group - I
Middle Income Group –
(MIG I)
II (MIG II)
To be eligible to receive central assistance under CLSS for
MIG:
- The beneficiary family should not own a pucca (an all
weather dwelling unit) house either in his/her name or
in the name of any member of his/her family in any part
of India.
- A beneficiary family should not have availed of
central assistance under any housing scheme from
Government of India.
Beneficiary Family
A beneficiary family will comprise of husband, wife,
unmarried sons and/or unmarried daughters. An adult
earning member (irrespective of marital status) can be
treated as a separate household;
-
Provided that he / she does not own a pucca (an all
weather dwelling unit) house in his / her name in any
part of India.
-
Provided also that in the case of a married couple,
either of the spouses or both together in joint
ownership will be eligible for a single house, subject
to income eligibility of the household under the
Scheme.
Page 2 of 18
Parameter
Housing Loans covered
Purpose of Housing
Loan
Property Location
Middle Income Group - I Middle Income Group – II
(MIG I)
(MIG II)
Housing Loans sanctioned on and after 01.01.2017 are
covered.
For acquisition/ construction of house (including repurchase) with basic civic infrastructure like water, toilet,
sanitation, sewerage, road, electricity etc.
Houses constructed should conform to the norms and
standards provided in extant guidelines on construction and
structural safety in the country.
All Statutory Towns as per Census 2011 and towns
notified subsequently will be eligible for coverage under
CLSS for MIG.
Above Rs.6 lakh & upto
Above Rs.12 lakh & upto
Rs.12 lakh
Rs.18 lakh
90 sq. m.
110 sq. m.
Household Annual
Income
Dwelling Unit Carpet
Area
(1 sq.m. = 10.76 sq.ft)
Interest Subsidy (% p.a.)
4.00%
3.00%
Maximum loan tenure
20
20
(in years) for interest
subsidy
Eligible Housing Loan
9,00,000
12,00,000
Amount for Interest
Subsidy (Rs.)
Discount Rate for Net
9.00%
9.00%
Present Value (NPV)
calculation of interest
subsidy (%)
Maximum Upfront
2,35,068
2,30,156
Subsidy Amount
Other Important
The subsidy will be available only for loan amounts
guidelines
indicated above for a tenure of 20 years or during tenure of
loan whichever is lower. Additional loans beyond the
aforementioned specified limit, if any, will be at nonsubsidized rate.
Interest subsidy will be credited upfront to the loan account
of beneficiaries through Primary Lending Institutions
resulting in reduced effective housing loan and Equated
Monthly Installment (EMI).
The details of Aadhaar number(s) of beneficiary family
shall be linked to the housing loan to avoid duplication
before submitting claims.
Page 3 of 18
Banks will be given a lump sum amount of Rs. 2,000
(Rupees Two Thousand only) per sanctioned application
NHB. Banks cannot charge processing charge from the
beneficiary for eligible housing loan amount as per income
criteria under the Scheme. For additional loan amounts
beyond the eligible loan amounts for interest subsidy as
indicated above, Banks can charge the normal processing
fee.
6.0
In order to extend housing loans to the eligible borrowers and to impart the required
focus to PMAY-CLSS for MIG, a new variant of Corp Home Scheme has been
introduced viz Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme for Middle
Income Group (PMAY-CLSS for MIG). The new variant will be effective from
01.01.2017 and the guidelines of the scheme are furnished in the Annexure I.
7.0
List of statutory towns/cities, Subsidy Chart and Subsidy Calculator :
The List of statutory cities/towns covered and subsidy chart (for every Rs.50000
disbursed) for MIG I and MIG II are given in Annexure IV, V and VI respectively. To
arrive at the exact subsidy amount for a loan, Branches can use the subsidy calculator
provided by National Housing Bank (NHB) which has been made available in our Bank’s
Intranet as under:
PATH : Intranet Æ Download Æ HO-Retail Lending Division
Sl. No. File Name
Description
1.
PMAY-MIG I–Subsidy Calculator.xls
The MIG I subsidy calculator
(Note : Click on Enable Editing/Enable of NHB
Content before using the calculator)
2.
PMAY-MIG II–Subsidy Calculator.xls
The MIG II subsidy calculator
(Note : Click on Enable Editing/Enable of NHB
Content before using the calculator)
8.0
The subsidy under the scheme will be claimed from NHB after sanction & disbursement
of loan. The subsidy will be claimed in instalments based on the disbursement in loan
account. After receipt of subsidy from NHB, it will be credited to the loan account of the
beneficiaries. Once the entire subsidy is received for a loan account, the branch shall refix
the EMI based on the outstanding balance in the account and the revised EMI shall be
communicated to the borrower.
9.0
To avoid customer complaints, the Branches have to clearly inform the borrower that
a) The eligible subsidy amount will be claimed from NHB in instalments in proportion
to the disbursement of loan.
b) The subsidy will be credited to the loan account only after receipt of the same from
NHB.
Page 4 of 18
c) EMI will be refixed only after the entire subsidy amount is credited to the loan
account.
d) The subsidy claim is liable for rejection by NHB if it is found that the borrower is not
eligible for subsidy. In such an event, the borrower will have to repay the loan as per
the original repayment terms.
e) The subsidy amount credited to the loan account will have to be refunded to NHB in
the following cases :
-
10.0
In case of default in providing end-use certificate in relation to the physical
progress of the construction upto completion
In the event of default in repayment of the loan by the borrower/beneficiary to the
bank and the loan becoming Non Performing Asset (NPA)
While sanctioning the loans, RLCs shall specifically mention in the CSI that the loan is
sanctioned under PMAY-CLSS for MIG Scheme with an instruction to open the account
in CBS under the nomenclature “CPMAY” only. Branches shall invariably open such
loans under “CPMAY” for easy identification, reporting, and claiming subsidy from
NHB. The important details with regard to opening accounts in CBS under PMAY-CLSS
for EWS/LIG/MIG I/MIG II are as under:
Finacle Branches
CPMAY
611316 - Interest Subsidy for Housing 60811 – Int Subsd Scheme –
GL No.
Urban (ISHUP/RRY/PMAY)
HOUSN Urban Poor
Interest Income 951000/10416
Interest
on 41101081 – Int on ISHUP/CHRRY
GL
ISHUP/RRY/PMAY
CPMAY
00072 – PMAY for MIG I
00025 – PMAY for MIG I
00073
–
PMAY
for
MIG
II
00026 – PMAY for MIG II
Scheme
Code/
Free Code 2
00074 – PMAY for EWS
00023 – PMAY for EWS
00075 – PMAY for LIG
00024 – PMAY for LIG
417 - Interest Subsidy Scheme No such field in Finacle.
Loan Code
Housing Urban
(ISHUP/RRY/PMAY)
5th Digit Sector
P or M
Code
11th Digit GSS
8 - Interest Subsidy Scheme for Housing Urban
Code
Particulars
Account Type
Non-Finacle Branches
11.0
Zonal Office and Branches shall Market the scheme during Home Loan/Retail Loan
Camps held by the Zone/Branch under Monsoon Offer – 2017. Branches/RLCs shall
accord top priority to the loan proposals received under this Scheme right from booking
the proposal till sanction & disbursement.
12.0
Zonal Office shall initiate steps to approve Housing Projects for Economically Weaker
Sections, Low and Middle Income Groups, with proper due diligence, to augment the
housing loan portfolio.
Page 5 of 18
13.0
Since the scheme is implemented w.e.f 01.01.2017, branches should verify the housing
loan (Corp Home) sanctioned & disbursed on and after 01.01.2017 and ascertain whether
the borrowers are eligible for subsidy under PMAY-CLSS for MIG. The affidavit given
in Annexure II should be obtained before claiming subsidy for such loans.
14.0
The guidelines/modalities for claiming eligible subsidy from NHB will be informed
separately through circular by HO-Development of Priority Sector Division. Branches
shall ensure that all details sought in the loan application form of PMAY-CLSS for
MIG are accurately filled in as most of these details will have to be submitted to
NHB while claiming subsidy.
15.0
The progress under PMAY-CLSS for MIG will be monitored by the Mission Directorate
formed under Ministry of Housing and Urban Poverty Alleviation to implement Pradhan
Mantri Awas Yojana (Urban) Mission, headed by the Joint Secretary and Mission
Director (HFA). Therefore, Zonal Heads should personally monitor the performance of
the Branches on a regular basis and issue suitable directions wherever necessary.
16.0
All the branches/offices are advised to implement the scheme as per the scheme
guidelines.
[एच ौीनाथ कामत H Shrinath Kamath]
उप महा ूबंधक Deputy General Manager
Page 6 of 18
Annexure I
PRADHAN MANTRI AWAS YOJANA (PMAY) FOR MIDDLE INCOME GROUP
The Scheme envisages provision of Home loan to Middle Income Group (MIG) segment to
enable them for acquisition/ construction of house (including re-purchase). Interest subsidy at the
rate of 4% for MIG-I beneficiaries for loan amount upto Rs.9 lakh and at the rate of 3%
for MIG-II beneficiaries for loan amount upto Rs.12 lakh for a tenure of 20 years or during
tenure of loan whichever is lower. The Net Present Value (NPV) of the interest subsidy will be
calculated at a discount rate of 9 %. The credit linked subsidy will be available only for loan
amounts specified above and additional loan beyond the aforesaid specified limit, if any, will be
at nonsubsidized rate.
Eligibility
™ Individuals from Middle Income Group (MIG) Category.
™ MIG - I households are defined as households having an annual
income between Rs.6,00,001 (Rupees Six Lakh One) up to
Rs.12,00,000 (Rupees Twelve Lakh).
™ MIG - II households are defined as households having an annual
income between Rs.12,00,001 (Rupees Twelve Lakh One) up to
Rs.18,00,000 (Rupees Eighteen Lakh).
™ A beneficiary family will comprise husband, wife, unmarried sons
and/or unmarried daughters. An adult earning member (irrespective
of marital status) can be treated as a separate household;
a) Provided that he / she does not own a pucca (an all weather
dwelling unit) house in his / her name in any part of India.
b) Provided also that in the case of a married couple, either of the
spouses or both together in joint ownership will be eligible for
a single house, subject to income eligibility of the household
under the Scheme.
™
To be eligible to receive subsidy under CLSS for MIG
a) The beneficiary family should not own a pucca (an all weather
dwelling unit) house either in his/her name or in the name of
any member of his/her family in any part of India. An
Affidavit to this effect (as per Annexure II) is to be obtained.
b) A beneficiary family should not have availed of central
assistance under any housing scheme from Government of
India.
™ All Joint owners of the property shall belong to the same family
and join as co-applicants.
Page 7 of 18
Purpose
For purchase /construction of a dwelling/house/flat (including repurchase) in urban areas.
Loans for Repair/ Renovation/ Extension of existing dwelling unit
are not eligible for subsidy under the scheme
The carpet area of the house/flat to be constructed/purchased shall be
90 sq. m. for MIG-I and 110 sq. m. for MIG-II in order to avail of
credit linked subsidy. Dwelling units with larger carpet area are
not eligible for subsidy under the scheme.
Note : Carpet area is defined as the area enclosed within the walls,
actual area to lay the carpet. This area does not include the thickness
of the inner walls.
Individual houses financed under the scheme should have provision
for basic civic services like water, toilet, sanitation, sewerage, road,
electricity, etc.
Houses constructed under CLSS for MIG should conform to the norms
and standards provided in extant guidelines on construction and
structural safety in the country.
The houses should be designed and constructed to meet the requirements of structural safety against earthquake, flood, cyclone,
landslides etc. conforming to the National Building Code, National
Disaster Management Authority (NDMA) guidelines and other
relevant Bureau of Indian Standards (BIS) codes.
Beneficiaries who already own land in any urban area but do not have
any pucca house in their name or in the name of their spouse or any
dependent child will also be covered under the scheme. In such cases
cost of the land will not be included in the scheme.
Property Location
Loan Amount
Rate of Interest
Margin
Security
Takeover of existing housing loans from other banks/institutions is
strictly not permitted under this scheme.
All Statutory Towns as per Census 2011 and towns notified
subsequently will be eligible for coverage under CLSS for MIG.
Note: Planning Area as notified with respect to the Statutory Town
and which surrounds the concerned municipal area will also be
covered under the Scheme.
As per Corp Home Scheme
As applicable under Corp Home Scheme.
Loan under the scheme would be allowed under floating rate of
interest option only. Fixed Rate option is not available.
As applicable under Corp Home Scheme
Mortgage of house / flat purchased out of the Bank finance
Page 8 of 18
Guarantee
Repayment Period
Processing Charges
As applicable under Corp Home Scheme
As applicable under Corp Home Scheme
For MIG-I
Loan amount upto Rs.9 lakh : Nil
For additional loan amount beyond Rs.9 lakh : As applicable under
Corp Home
For MIG-II
Loan amount upto Rs.12 lakh : Nil
For additional loan amount beyond Rs.12 lakh : As applicable under
Corp Home
All other charges viz. Legal, Valuation, CERSAI, etc shall be as
applicable under Corp Home Scheme for both MIG I and II.
Prepayment
Charges
Disbursement
Loan Application
Form
Documents to be
submitted
by
borrower
Income Proof
Sanctioning
Authority
Nil
As applicable under Corp Home Scheme
The format of Loan Application of PMAY-CLSS for MIG is given in
Annexure III
As applicable under Corp Home Scheme
As applicable under Corp Home Scheme
The loans will be sanctioned at Retail Loan Centres (RLCs) like any
other Corp Home Loan after following the KYC and due diligence
process.
Due Diligence process/Appraisal /Sanction of the loan will be as per
risk assessment and procedural requirements as applicable to Corp
Home Scheme.
Central
Nodal National Housing Bank will be the Central Nodal Agency of our Bank
Agency (CNA)
to channelize the subsidy.
Credit
Linked For MIG-I - The subsidy is available at the rate of 4% for tenure of 20
Interest Subsidy
years or during tenure of the loan whichever is lower for loan amount
upto Rs.9 lakh and additional loan beyond Rs.9 lakh, if any, will be at
nonsubsidized rate.
For MIG-II - The subsidy is available at the rate of 3% for tenure of 20
years or during tenure of the loan whichever is lower for loan amount
upto Rs.12 lakh and additional loan beyond Rs.12 lakh, if any, will be
at nonsubsidized rate.
Page 9 of 18
The Net present value of the interest subsidy for both MIG-I and MIGII will be calculated at a discounted rate of 9%.
Subsidy will be credited by the Bank to the borrower’s account
upfront by deducting it from the principal loan amount of the
borrower. The borrower will pay EMI as per applicable lending rates
on the remaining balance of the principal loan amount.
Based on the loan disbursed to MIG beneficiaries, the Bank will claim
subsidy from NHB on a periodic basis. NHB will release the subsidy
amount to Bank directly based on the claims submitted on the total
loans disbursed.
Subsidy will be released to the Bank by the NHB in maximum of nine
installments.
Loan should be in the Standard Asset Category at the time of crediting
the subsidy.
As per guidelines issued by MoHUPA, Primary Lending Institutions
(PLIs), in the home loan applications, shall disclose transparently the
Scheme eligibility and ascertain willingness and eligibility of
applicants under CLSS for MIG.
Utilisation
Certificate
Branches will have to ensure proper utilization of the funds and to
submit utilization certificates on a quarterly basis and also the certificate
in relation to the physical progress of the construction leading up to the
completion of the housing unit financed under the Scheme.
Branch will provide utilization/end use certificate to NHB on a
quarterly basis and also the certificate in relation to the physical
progress of the construction leading up to the completion of the
housing unit financed under the scheme.
Branch shall submit a consolidated utilization certificate on
completion of the housing unit within one year period from the
completion of construction or a maximum of 36 months from the date
of the disbursement of the 1st instalment of the loan amount.
In case of default in not providing utilization/end-use certificate, the
Bank shall refund the amount of subsidy to NHB.
Further, any unutilized amount of subsidy shall be immediately
returned by Bank to NHB.
Page 10 of 18
Statement of
Subsidy
The branch will provide each borrower/beneficiary a statement, which
will make him/her understand the amount given as subsidy, how the
subsidy has been adjusted and the impact of the subsidy on his/her
equated monthly installments (EMI).
Refund of Subsidy
Any unutilized amount of subsidy shall be immediately returned to
to NHB
NHB by the Bank :
a) In case of default in not providing utilization/end-use
certificate, Bank shall refund the amount of subsidy to NHB.
b) In the event of default in repayment of the loan by the
borrower/beneficiary to the bank and the loan becoming Nonperforming asset (NPA), the Bank will proceed for recovery of
the dues through such measures as considered appropriate,
including foreclosure of the property. In all such cases, the
amount of the recoveries will be charged to the subsidy amount
on a proportionate basis (in proportion to the loan outstanding
and subsidy disbursed).
Other Conditions
Preference under the Scheme, subject to beneficiaries being from MIG
segments, may be given to women (with overriding preference to
widows, single working women), persons belonging to Scheduled
Castes/Scheduled Tribes/Other Backward Classes, Persons with
disabilities and Transgender.
The branch will monitor the construction of the dwelling units
financed under the scheme, including the approvals for the building
design, infrastructure facilities etc. as also the quality of the
construction and verify through site visits etc. the expenditure incurred
upto different stages of construction.
In case a borrower who has taken a housing loan and availed of
interest subvention under the scheme but later on switches to other
Bank/FIs for balance transfer, such beneficiary will not be eligible or
claim the benefit of interest subvention again.
In case of any false declaration by a beneficiary under the Scheme, he
/ she would be liable for legal proceedings under applicable laws.
Branch shall link the details of Aadhaar number(s) of beneficiary
family to avoid duplication before submitting claims to NHB.
Loans under Corp Flexi Scheme is strictly NOT permitted under this
Scheme.
Page 11 of 18
Subsidy will be credited by the Bank to the borrower’s account
upfront by deducting it from the principal loan amount of the
borrower. Once the entire eligible subsidy amount is credited to the
loan account, the branch shall refix the EMI as per applicable lending
rates on the remaining balance of the principal loan amount and the
revised EMI shall be communicated to the borrower.
Nomenclature in
All loans under PMAY for MIG shall be invariably opened under
CBS
“CPMAY” nomenclature in CBS which will facilitate monitoring the
performance under the scheme and claiming subsidy from NHB.
Except for the above, all extant guidelines of Corp Home Scheme shall be equally applicable
for this scheme also.
However, Deviation is strictly NOT permitted from the guidelines specified by the MoHUPA
such as purpose, eligibility criteria, property location, obtention of utilization certificate as such
deviation will make the borrower ineligible for interest subsidy.
Page 12 of 18
Annexure II
AFFIDAVIT TO BE OBTAINED FROM THE BORROWER
(To be executed on Stamp Paper of requisite value)
I……………………………….., S/o / D/o ………………………....................., aged .…. years,
residing at ……………………………………………………………………………….................
………………………………………………………………………………………………………
do hereby declare that;
1. I have applied for Housing Loan under MIG-I/MIG-II Scheme of Pradhan Mantri Awas
Yojana - Credit Linked Subsidy Scheme.
2. I or any of my family members do not own a pucca house (all weather dwelling unit) in any
part of India.
3. I have not availed of central assistance under any housing scheme from Government of
India.
4. My Household annual income from all sources is Rs……………… (Rupees
………………………………..………………………………………..).
5. I understand and accept that if at any stage, it is found that the information given by me is
false/not true, all benefits given to me under the schemes would be withdrawn and legal
action as deemed fit, would be taken against me.
Date:
Place:
Signature of all borrowers
Solemnly affirmed before me this the ————————— day of —————————
(month), ————(Year) at ____________________(Place)
(NOTARY)
Page 13 of 18
Annexure III
काप रे शन बक
Corporation Bank
काप होम -
धान मं ी आवास
योजना आवेदन – एम् आई जी
CORP HOME - PRADHAN
MANTRI AWAS YOJANA
APPLICATION FOR MIG
(भारत सरकार उ म)
(A Govt. of India Enterprise)
. का. मंगलूर
HEAD OFFICE : MANGALORE
1. कृ पया सभी काँलम को अिनवायतः भर तथा कोई काँलम र
न छोड़ । कसी सूचना के लागू न होने पर, ‘लागू नह ’ िलख ।
Please fill all the columns in the application invariably
& no columns shall be left blank. If any information is
not applicable mark as ‘NA’.
2. जहाँ भी स्थान अपय़ा हो अलग प े का उपयोग कर ।
Wherever space is not sufficient, separate sheet may be
used.
3. काप रे शन बक को कसी आवेदन फाम का अस्वीकार करने का
अिधकार है ।
Corporation Bank reserves the right to reject any
application.
4. कृ पया जो भी लागू हो उस पर (9) िच ह लगाएँ ।
आवेदक का छायािच
हस्ताक्षर या अंगठ
ू े का
िनशान हस्ताक्षर सिहत
सह- आवेदक का छायािच
Photograph of
Applicant with
Signature or Thumb
Impression
Photograph of Coapplicant with Signature
or Thumb Impression
हस्ताक्षर या अंगठ
ू े का
िनशान हस्ताक्षर सिहत
Please tick (9) whichever is applicable.
5. सभी संबंिधत दस्तावज सिहत आवेदन स्तुत कर ।
Applicant should submit duly filled application along
with all relevant documents.
आवेदन/ ऋण खाता सं. Application / Loan account No.
आवेदन का ोत (सीधे/यूएलबी/नािमत एजसी/अ य)
Source of application (Direct /ULBs/Designated Agency /
Others)
यूएलबी/नािमत एजसी/अ य का नाम Name of ULB / Designated
Agency / Others
To,
The Branch Manager
Corporation Bank
__________________
I/We request for a loan of Rs.________________ for Purchase of Flat/House / Construction of House /
Repurchase of flat/house. I/We furnish our particulars as below:
A. PERSONAL INFORMATION
1.
Name (in block letters)
As per Aadhar ID Card
2.
Fathers’/Husbands’ name
3.
Mothers’ Maiden Name
First
APPLICANT
Middle
Page 14 of 18
Last
First
CO-APPLICANT
Middle
Last
4.
5.
Relationship of Applicant
with Co-Applicant
Age & Date of Birth
6.
Sex
7.
Category
8.
9.
Religion
Marital status
10.
No. of Dependents
[Household Size]
Unique Identification
No.[Aadhaar No.]
11.
12.
13.
Residential Address with
Pin Code
(a) Current Address
(b) Permanent Address
(c) Residence Proof
15.
Tel. No. & Mobile No.
16.
Period of stay at the above
Address
Educational/Professional
Qualification
18.
_____ yrs. DD/MM/YY
_____ yrs. DD/MM/YY
MALE / FEMALE/ TRANSGENDER
MALE / FEMALE/ TRANSGENDER
SC/ST/OBC/GEN/Minority/PWD/
Manual Scavengers/Others
SC/ST/OBC/GEN/Minority/PWD/
Manual Scavengers/Others
[Married / unmarried/Others]
Children
Others
[Married / unmarried/Others]
Salaried / Self Employed / Others
Salaried / Self Employed / Others
Non-Matriculate/Matriculate/
Under graduate / Graduate/Others
Non-Matriculate/Matriculate/
Under graduate / Graduate/Others
Proof
Proof
Nationality & Identification
Proof
Employment Category
14.
17.
XXXX
19.
Household Annual Income
(in Rs)
Income
20.
Household Income Category
21.
Existing Loan Details (if
any)
22.
- Type and Size
Source
(MIG-I)
Loan 1
Loan 2
24.
Ownership details of existing
house
Property Address with Pin
Owned
Rent
Code
Page 15 of 18
/ (MIG-II)
Loan 3
Loan 4
Carpet area Upto 90 sq.m. /Upto 110 sq. m.
House/Flat/others
23.
Source
Inherited
Otherwise
B. EMPLOYMENT STATUS
1.
Particulars
2.
Name of Employer/
Nature of Business/Profession
Address with telephone number of Employer
/Business/Profession
3.
Self-employed/
salaried/regular wage/
/others
4.
If employed Designation and Employee number
5.
No of years in present occupation/Business/profession
6.
Total Length of service
Self-employed/
salaried/regular wage/
/others
Date of Retirement / If retired (DD/MM/YY)
C. HOUSEHOLD INCOME STATEMENT
1.
2.
Gross salary/Income per month
(salary sheet / I.T.Return, form No.16)
Deductions
3.
4.
5.
Other deductions including loan EMIs
Net Salary / Income p.m.
Other Income if any
Income Tax
Professional Tax
Provident Fund
Insurance Premium
D. DETAILS OF BANK ACCOUNTS
1.
Name of the Bank/Branch
2.
Account Number/s
[Attach last 6 months statement]
Since When
3.
E. DETAILS OF PROPERTY PROPOSED TO BE PURCHASED/CONSTRUCTED/OTHERS
ALL 4041 STATUTARY TOWNS AS PER CENSUS 2011 WITH FOCUS ON 500 CLASS I CITIES WOULD BE COVERED
1.
Address of the plot/flat /house with Pincode
2.
Names and address of the seller /builder / housing
society/housing board /housing dev. Authority.
3.
Area Of The House/Plot/Flat/Others/Please
specify
(Built Up Area & Carpet Area In Case Of Flat &
Land Area And Built Up Area In Case Of
House)
Land Area (Sq. m.)
Built Up Area (Sq.m.)
Carpet Area (Sq. m.)
Page 16 of 18
4.
5.
In Case Of Lease Hold Property Unexpired
Period Of Lease
_______________Years
Age Of Flat/House In Case Of Repurchase
_______________Years
6.
Location Code
7.
Loan Purpose
1.
2.
3.
4.
5.
6.
7.
8.
9.
(Location Code should be based on Census 2011 for 4041
Statutory towns)
(a) Purchase of New Unit (b) Construction of New
Unit (c) Repurchase of existing unit
F. LOAN DETAILS ; Purchase of Flat/House / Construction of House / Extension
/(Improvement) of House
Estimate Of Uses Of Funds
Amount
Estimate Of Sources Of Funds
Amount
(Rs)
(Rs)
Loan Requested
Cost Of Purchase
/Construction/Repairs/
Improvement/Extension.
Registration Fees
Savings In Bank
Stamp Duty
Encashable Investments
Any Other Costs
Amount Already Spent
Incidental Costs
Loan From Relatives
Insurance
Other Source (If Any)
Total
Total
Payment of Interest
Floating Rate Basis
10
Mode of Repayment
ECS/ SI/ PDC/ NECS/ CASH
11
Number of Years
10 / 15 / 20 / 25
12
Existing Loans / borrowing
Asset owned
G. REFERENCE
Name, Address & Contact Nos.
Relation
1.
2.
DECLARATION
I/We certify that the information provided by me/us above and in annexure are true, accurate, complete and up to
date in all respects.
I /We have not withheld any information. Bank is at liberty to verify and take any such action as it may deem fit if
my/our statements are found to be untrue.
I/We understand that all of the above-mentioned information shall form the basis of my/our loan/subsidy that Bank
may decide to grant to me/us at its sole discretion.
I/We confirm that the copies of Financials, Bank Statements, Title/Legal Documents, etc. submitted by me/us along
with my/our loan application are true copies.
I/We further acknowledge Bank has right to seek any information from any other source in this regard.
I/We further acknowledge that I / We have read, understood and agree with the Most Important Terms and
Conditions governing the home loan product chosen by me/us.
I/We are bound by the terms and conditions of the facility/ies that may be granted to me/us.
I/We authorize Bank to debit my home loan account with the Bank for any fees, charges, interest etc. as may be
applicable, other than the processing fee.
Page 17 of 18
I/We also agree and acknowledge that Bank remains entitled to assign any activities to any third party agency at its
sole discretion.
I/We further acknowledge the right of Bank to provide details of my/our account to third party agencies for the
purpose of availing support services of any nature by Bank without any specific consent or authorization from
me/us.
I/we authorize Bank to exchange, share, or part with all the information relating to my/our loan details/repayment
history / information to other Bank branches / Banks / Financial Institutions / RBI / CIBIL / Credit Bureau /
Agencies / Statutory Bodies as may be required and shall not hold Bank or/& its agents liable for use of this
information.
Place:
Date:
Signature 1
Signature 2
Vernacular witness, if applicable:
I ________________________________S/o, D/o, W/o __________________________________hereby
declare that the contents of this application form were read and explained to me in _______________________
by _____________________________ and I have understood the same.
(Sign of borrower/s)
Witness Name __________________________________Signature ________________________________
Address_________________________________________________________________________________
Acknowledgement Receipt
Loan application No. __________________________ received on _________________________. Complete
documents set received on ____________________
Application will be disposed-off and acceptance/rejection notification would be intimated within 15 days from date
of receipt of completed application form with supporting documents.
Place:
Date:
Signature
Seal
Page 18 of 18