The Thane Janata Sahakari Bank Limited – “Sadasavali Housing Finance Scheme”

By | May 29, 2011

The Thane Janata Sahakari Bank Ltd has emerged as one of the leading multi state scheduled co-operative Bank in the country. It presently is catering to the needs of society through a close network of 54 Branches and one Extension Counters spread all over the city of Thane, Mumbai, Navi Mumbai, Nasik, Pune & Satara. The bank believes that “customer delight” is the ultimate goal and has a strong belief that Customers & all Stakeholders wholehearted support, absolute faith and their patronage has largely been responsible for its enviable growth.

Sadasavali Housing Finance Scheme is the home loan offered by the bank to construct houses or flat for self accommodation.

Purpose –              To acquire or construct House or Flat for self accommodation or to take over housing loan from financial institutions

Quantum of Loan –              Maximum up to Rs. 50.00 lakh

Rate of Interest –              Floating

Loans up to Rs.20 lakhs – 11.50%

Loans above Rs.20 lakhs – 11.75%

Margin 15% to 30% as the case may be

Repayment Maximum up to 15 years

Repayment Options –              The bank offers repayment options such as regular, step up or accelerated.

Service Charges 0.80% of Loan Amount

Security                               – Equitable or Registered mortgage of flat or house

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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