The Vaish Cooperative Adarsh Bank Ltd.                          H.O.3, Netaji Subhash Marg, Darya Ganj, New Delhi 110 002 

 

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Finance for acquiring plots under the Relocation Scheme of Delhi Government Bawana - II (Bhorgarh)

  1. Loan will be given only to the regular members having good health and maximum age of the borrower be 60 years.
  2. Maximum amount of loan will be 70% of the demand i.e. 50% of cost of the plot.
  3. Processing fee @ 0.75% of loan amount to be charged.
  4. Share money @ 2.50% of the loan amount will be taken (Refundable).
  5. In all cases one good surety of equal status of the borrower be taken. Preference will be given to Government /Semi-govt. servant who will also be enrolled as regular member. Govt. employees should not be more than 55 years of age.
  6. Minimum ITR (Income Tax Returns) of the borrower for the last assessment year will be taken as mentioned below.  However, returns for the last three assessment years will be taken.
Size of Plot

Maximum amount of Loan  (Rs.)

No. of monthly installments Rate of interest (%) Amount of EMI (Rs) Minimum ITR (Rs)
100 1,80,000.00 36 14   6,200.00 1,00,000.00
150 2,70,000.00 36 14   9,300.00 1,25,000.00
200 3,60,000.00 36 14 12,400.00 1,50,000.00
250 4,50,000.00 36 14 15,400.00 2,00,000.00

For each loan case  Tripartite Agreement from DSIDC which will be executed between DSIDC, Borrower and Bank. The payment  order of loan amount to be deposited by Bank to DSIDC/Authorized Bank of DSIDC on behalf of the units. 

 Note: Sanctioning of loans is at the sole discretion of the Bank

 

 

 

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Last modified: 02/02/09