A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • SVC Home Loans

    SVC Co-Operative Bank Limited caters to a wide group of customers and offers home loan solutions that suit their needs. The loans are offered by the bank at attractive interest rates which starts at 8.90% p.a. and comes with long repayment tenures.

    SVC Home Loan Offers

    SVC Co-operative bank offers two types of home loans to its customers. Listed below are the details of both the schemes:

    1. SV Good Homz
      • Can be borrowed by individuals either singly or jointly.
      • Can be availed for construction of a house or for purchase of flats.
      • The maximum loan amount that can be borrowed under the scheme is Rs.70 lakh
      • The repayment tenure can go up to 20 years.
      Interest Rate (p.a.) 8.90% for Salaried 9.05% for Self-Employed Professionals
      Processing fees 0.65% + service tax
    2. Double Plus
      • SVC's Double Plus loan ensures that the individual(s) is/are able to meet every challenge
      • Can be availed either singly or jointly.
      • The maximum loan amount that can be availed under the scheme is Rs.2 crore
      • The maximum repayment tenure that can be availed is 10 years.
      Interest Rate (p.a.) 8.90% for Salaried 9.05% for Self-Employed Professionals
      Processing fees 0.50% + service tax

    SVC Home Loan EMI Calculator to Know Your EMI

    Before availing the loan, use the Bankbazaar SVC home loan EMI calculator to know how much you will need to pay as EMI after availing the home loan. Knowing the EMI helps you in managing your funds better.

    Eligibility for availing SVC Home Loans

    Age 21 years and above
    Nationality Resident and non-resident Indians
    Type of Employment Salaried and self-employed professionals

    Documents Required for SVC Home Loan

    The documents which needs to be provided for availing SVC home loans are listed below:

    For SV Good Homz Scheme

    • IT Returns for the last three years along with computation of income
    • Copies of relevant documents of the property to be purchased/constructed

    For Double Plus Scheme

    • Recent photographs
    • Latest income papers
    • Latest KYC documents
    • Latest valuation report from the bank’s approved valuer
    • Copy of sanction letter and loan statement
    • Documentary proof to confirm the end use of bank finance


    1. What is the margin of home loans under SV Good Homz scheme?

      Under SV Good Homz scheme, the margin for loans up to Rs.30 lakh is 10% of agreement value while for loans above R.30 lakh, the margin is 20% of agreement value

    2. Can I avail the home loan under the Double Plus scheme for speculative activities?

      No, you can’t avail the home loan for that.

    3. What is the maximum amount that can be borrowed as loan under SV Good Home?

      The maximum amount which can be borrowed is Rs.70 lakh under SV Good Homz.

    4. On what basis are the legal and documentation charges charged?

      The legal and documentation charges are charged on actual basis by the bank.

    5. Can home loans from SVC bank be availed jointly?

      Yes, home loans under both the schemes offered by SVC bank can be availed jointly.


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