Home Loan Eligibility Criteria for Rajkot Nagarik Sahakari Bank
Before you apply, it's important to check eligibility. Below is a simplified eligibility table to help you understand the home loan eligibility for salaried person and other applicants.
| Eligibility Factor |
Criteria |
| Applicant Type |
Salaried, Self-Employed, Professionals |
| Minimum Age |
21 years |
| Maximum Age at Loan Maturity |
60–65 years (as per policy) |
| Employment Stability |
Minimum 2–3 years of work experience |
| Income Requirement |
Based on verified income documents |
| Credit Score |
Preferably 700 or above |
| Repayment Capacity |
Monthly installment within permissible limits |
Home Loan Schemes Offered by Rajkot Nagarik Sahakari Bank
Rajkot Nagarik Sahakari Bank provides multiple housing loan schemes tailored to diverse needs:
- Home Purchase Loan – For buying a new or resale residential property
- Construction Loan – For building a house on owned land
- Home Improvement Loan – For renovation, repair, or extension
- Affordable Housing Finance Scheme – Designed for budget-conscious homebuyers
- Home Loan for Salaried Person – Simplified approval with steady income proof
These schemes focus on practical home purchase financing with flexible repayment options.
Documents Required for Rajkot Nagarik Sahakari Bank Home Loan
Having the right paperwork ensures instant approval and a smooth online home loan application experience. Below are the documents required for housing loan:
| Document Category |
Required Documents |
| Identity Proof |
Aadhaar Card, PAN Card, Passport |
| Address Proof |
Aadhaar Card, Utility Bills |
| Income Proof (Salaried) |
Salary slips, Form 16, bank statements |
| Income Proof (Self-Employed) |
ITR, balance sheet, profit & loss account |
| Property Documents |
Sale agreement, title deed, approved plan |
| Photographs |
Recent passport-size photos |
Tax Benefits on Home Loan in India
Availing a home loan also offers attractive tax benefits on home loan in India, helping you save significantly:
- Section 80C – Deduction up to ₹1.5 lakh on principal repayment
- Section 24(b) – Deduction up to ₹2 lakh on interest paid
- Section 80EE / 80EEA – Additional interest subsidy for eligible first-time buyers
- Applicable to self-occupied and certain rented properties
These benefits reduce your overall loan burden while building long-term assets.
Loan Processing Fees & Other Charges
Rajkot Nagarik Sahakari Bank follows a transparent pricing structure:
- Nominal loan processing fee
- Legal and technical verification charges (if applicable)
- Stamp duty and registration charges as per state norms
- No hidden costs: all charges are clearly communicated
You can also calculate EMI in advance to plan your monthly outflow better.
How to Apply for Rajkot Nagarik Sahakari Bank Home Loan
Wondering how to apply for home loan? Follow this simple home loan process step-by-step:
- Check Eligibility – Review income, credit score, and repayment capacity
- Submit Application – Apply now online or visit the nearest branch
- Document Verification – Submit verified income documents and property papers
- Approval & Disbursal – Get approval, sign the agreement, and receive funds
You can also download application form or opt for assisted support for faster processing.
Why Choose Rajkot Nagarik Sahakari Bank for Home Loan?
- Trusted cooperative bank with strong local presence
- Competitive home loan interest rate
- Flexible repayment tenure and affordable EMIs
- Personalized service with quick turnaround
- Ideal option for those searching for the best home loan bank in the region