Current Account

Initial Amount To Open Current Account

  • Current Account initially open Rs.3000/-

Benefits

  • Every month statement of account free
  • Any Branch Banking
  • ATM facility
  • UPI facility
  • Mobile Banking
  • Internet Banking
  • RTGS/ NEFT Facility
  • Cheque Pickup Facility
  • SMS Alerts
  • E-Statement facility
  • Cheque Book Facility
  • Standing Instructions
  • Temporary Overdraft

General Rules :

  • Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as irregular / non-satisfactory

Eligibility

1Take Home

  • Where the Combined GTI of applicant, co-applicant(s)  = 70%
  • Is less than Maximum Income Not chargeable to tax   = 50%
  • Is more than MINCT (Minimum Cut) but less than Rs. 8Lacs = 40%
  • Others = 30%
  • 70% of GTI + Depreciation + Exempt Income Cross- 5 To 8 lakhs 60% & Above 8 Lakhs towards monthly EMI = 70%

2. Repayment Capacity (Total Annual Income –Total Approx Annual Exp. –

      Total Annual Loan Liabilities (EMI*12) = Total Approx Annual Savings.

      (Approx finance up to 50 to 60 % on Total Approx Annual Savings)

3. Purchase of Residential Property, 80% loan amount of sale deed, satakhat, Construction cost will consider. Additional/ supplementary Finance Rs. 5 lacs  to the owner of house/ flat only for repairs ,additions, alterations etc…. irrespective of whether the house/flat is owner occupied or tenement occupied offer obtaining such security as the banks may deem appropriate. BOD /loan committee have reserve right to consider loan amount.  

4.Maximum Loan Amount & Margin: Individual housing loans up to a maximum of Rs.60 lacs per beneficiary of Dwelling unit. Subject to prudential exposure limits of RBI from time to time.

Period of Loans:

  • Housing loan may be repayable within a maximum period of 20 yrs. Including Moratorium  of repayment holiday.
  •  Processing Fees : –  Processing Fees 0.50 % on Sanction Amount  + GST on PF
  •  Moretorium: Home Loan for construction maximum 18 month and as per guideline of RBI from time to time.
  • Till completion of consturction, or 18 months from the date of disbursement of first installment of the loan which ever is earlier.
Flat Roof Company has, since our very first day in operation, been one of the best options in the region for commercial, residential, and industrial flat roof repair and installation.We’ll ensure that you focus on the opportunities that maximize competitive advantage and strengthen the connection between operations and strategy. From the back office we can help you to transform your operations. Chicago’s premier roofing contractor delivering the care.

Loans & Advances

Our Brochures

Annual Report
Growth Chart

+91 261 2360433/34

Monday – Saturday: ex 2nd & 4th Sat

info@fincobank.com