Bank Loans

KCC has an exclusive arrangement with State Bank of Travancore (SBT - Kanjikuzhy Branch, Kottayam) and HDFC for availing Home Loans.

Contact us and we will not only make the introduction, but also render all assistance for you to avail a Home Loan from SBT or HDFC. Our friendly relations with the Officers of SBT and HDFC will enable you to receive personal attention in expediting the processing of your application for a LUXURY APARTMENT in 'City Heights' in KOTTAYAM.

Both Banks do not charge for pre-mature closure of your home loan. So it is as simple as get it today and close it tomorrow without paying anything extra.

HOME LOANS can be availed by any...

1. Indian Citizen,
2. Non-Resident Indian citizen (NRI), or
3. Foreign Citizen of Indian Origin.

If you indicate the bank of your choice, you will be contacted directly by the selected Bank, and we shall render maximum assistance in securing your loan.

The actual amount you can borrow from the bank will depend on your age and your Net Monthly Income (NMI).

• 21-45 years:
  60 times Net Monthly Income OR 5 times Net Annual Income (NAI)
• Above 45 years:
  48 times Net Monthly Income OR 4 times Net Annual Income.

Home loans can be availed up to 80% of total cost of the APARTMENT. Home Loans of up to 80% will be sanctioned on approval of the eligibility of the applicant to repay the loan.

Eligibility will be considered based on the Documents submitted by the applicant. These should include:

• Salary Certificate/Slip.
• Overseas Bank statements for the immediate past 6 months.
• Details of NRE Accounts in India, if any.
• 2 passport-size photographs.
• Copy of Passport.

If an applicant’s spouse is employed, and he/she can also provide the required documents noted above, then, in case the loan amount sanctioned to the applicant is not sufficient, the income of the spouse can also be included to make up the total amount necessary to avail the required amount for purchase of the APARTMENT.

Repayment: SBT provides options for repayment of your Home Loan based on the age, and the tenure of the loan you wish to avail, which range from 5 to 20 years.

• Age: up to 45 years - 20 years maximum
• Above 45 years - 15 years maximum

In the event that an NRI/Buyer is unable to appear in person to execute the documents to avail the Home loan for purchase of a FLAT in “CITY HEIGHTS” in KOTTAYAM, then a Power of Attorney produced by an authorized person will be sufficient for the purpose. The signature of the person issuing the Power of Attorney should be attested by an acceptable Authority from the place of residence of the issuer.