1.The jet of this application form provides only the Property Purchase Loan institution.
2.Before pursuing Purchase Loan Application Loni Guarantor is mandatory to become a member of the institution whose fee will be Rs.500/- per member.
3. The institution provides loans only to its primary members.
4. All papers and responsive applicants have to be provided themselves.
5. Property Purchase loans will only be available for residential plot.
6. Property (Plot) is mandatory to be within the municipal corporation, municipal area or 5 kilometers.
7. Property Purchase Loan application fee of 6500 at the time of application. which is mandatory.
8. Before the Property Purchase Loan application, check the auto applicant of all the papers of Property Owner and Property so that your don’t damage the application fee.
9. It is mandatory to give two responsibilities at the time of application, which is an FIR member of the institution.
10. On the responsibility, Property Morgage has to be done with Property Registry, Loni and Institution, this is mandatory.
11. Property visible by the institution will take 50% of the processing fee.
12. After Property Purchase Loan Approval 7 lakh up to 2%, up to 15 lakh & 1.5% on Loan above
Processing + 18% will be GST, which is mandatory.
13. Cash will be valid in the Application Fee institution’s office.
14. Before application Rs. 50/- (Agreement of selling on non-judicial stamp paper) from Property Owner before application. )
15. His Ownership DID and ID Proof with Property Owner’s agreement paper which will be mandatory at the time of application.
16. The institution will be given by loan check only by the entity given under an agreement under the name of Property Owner.
17. The paper process for loans by the institution may take 12 to 16 weeks to perform.
18. The interest of Property Purchase Loan by the institution can be 8% to 11% yearly flat.
19. A declaration from Property Owner must ask that any loan or any kind of loan on who is selling Property
Tax like is not owed. These (Rs 10 or will be valid only on the non-jecal stamp of above)
20. Property Purchase Loan can be given to anyone aged between 18 and 55 years.
21. Any dispute related to the loan will be settled in Kanpur Civil Coat.

1. Every applicant needs to register himself or herself as a member of the organization first in order to gain access to unsecured credit. Rs. 250 will be charged as the initial membership fee. 2. All documents pertaining to the loan application need to be furnished by the applicant himself or herself. Documents submitted on behalf of somebody will not be accepted for processing.
3. Minimum loan amount that can be applied for is three lakhs.
4. We have the capability to arrange loans from both private financers and banks.
5. Applicants applying for loans are hereby informed that 4% to 6% rate of interest will be charged annually. And each bank or financial institution will have its own terms and conditions that will be communicated at the outset before loan schedule is prepared.
6. Private financers offering credit shall do so via the medium of cheque only.
7. Loan applicants are mandated to have a saving account in a designated nationalized bank as stipulated by the organization. The list of designated banks will be communicated at a later stage to each borrower.
8. At least one or two guarantors are required be it private or government in order to avail the credit facility from our organization. Close relations or blood relations will not be accepted as guarantors and professional relationship needs to exist between the borrower and the guarantor.
9. Processing fee of INR 5000 need to be paid for all loans up to 5 lakhs and if the loan amount is higher than five lakhs then 1% of the applied amount needs to be deposited upfront.
10. File charge need to be deposited either in the office of the organization or in the account of the designated credit officer appointed by the organization as the relationship manager.
11. Confirmation letter and Approval from the organization shall be printed on our organizations letter head and shall be acceptable to each member.
12. All decisions regarding approval of credit facility shall be at the sole discretion of the top management.
13. Loans will be disbursed and repayable in quarterly in stallments.
14. In order to obtain funds from private financers, one advance emi needs to be deposited after approval in order to check the solvency of the borrower and boost the overall internal rate or return.
15. Service charge needs to be deposited after the disbursal of the loan amount in the bank account of the borrower.
16. KVIC also offers discounts on total interest payable and to get this discount you need to pay a small convenience fees.
17. Time taken from applying to processing to ultimate disbursal can take anything from 45 to 60 days.
18. Should the documents be found to be defective and not authentic or if there is any discrepancy in the information provided in the application form and the documents provided; then the loan application will be forfeited and the application money, processing fees or any charges deposited upfront will be forfeited and the same shall be acceptable to the borrower.