Repco home loan: Get Details on Repco Dream Home Loan Finance Schemes ✔ Eligibility ✔ Repco home loan emi calculator ✔ Documents ✔ Charges online. Loans for the purpose of construction or purchase of a property.
Why to Apply with Repco Home Finance:
✔ Home Loan Book Grew 22% in 1st Quarter of 2015-2016.
✔ Almost 57% self employed of Total Application Received
✔ Total Loan Disbursed of Rs 6,344 crore till 30th June 2015
✔ Profit of Last Year – Rs. 123.08 crore
✔ Good presence in South India
✔ Easy Documentation Process
We insure all our loans with property insurance for any loss arising due to calamities such as fire and floods along with personal accident insurance for the borrower.
Name of Loan Product
Dream Home Loan
Loans for the purpose of construction or purchase of a property.
Home Makeover Loan
Loans for the purpose of repairs, renovation, and / or extension of a property.
Loans for outright purchase of plots for construction of a house.
Loans for construction (including extensions and additions to existing property) on land owned by borrower’s parents.
Fifty Plus Loan
Loans to persons above 50 years where loan repayments and disbursements are structured around the retirement / pension income stream of the borrowers.
NRI Housing Loan
Loans to non-resident Indians for the construction and purchase of houses in India.
Loans against mortgage of immovable property for such purposes as may be desired by the borrower.
New Horizon Loan
Loans for purchase and / or construction of non-residential and commercial property.
Loans to Individuals under “Weaker Section” Category in Rural areas for Purchase/Construction/Repairs/ renovation/upgradation of house with loan amount Upto Rs.15.00 Lakh with construction cost/estimate not exceeding Rs.25.00 Lakhs
NHB had vide their Circular NHB (ND)/DRS/POL.13/2006 dated April 10, 2006 framed the guidelines on KYC & AML for all HFCs”. Now NHB has vide letter no. NHB (ND)/DRS/Pol-No. 33/2010-11 dated October 11 ,2010 advised all HFCs to amend their existing policy framework. This KYC Policy is amended in pursuance of the letter cited above.
As required by NHB guidelines, Repco Home Finance Limited is required to have a KYC Policy. The four elements comprising this policy are:
(i) Customer Acceptance Policy
(ii) Customer Identification Procedure
(iii) Monitoring of transactions
(iv) Risk Management
For the purpose of KYC policy, a ‘Customer’ may be defined as:
a person or entity that maintains an account and/or has a business relationship with the HFC; one on whose behalf the account is maintained (i.e. the beneficial owner); beneficiaries of transactions conducted by professional intermediaries, such as Stock Brokers, Chartered Accountants, Solicitors, etc. as permitted under the law, and any person or entity connected with a financial transaction which can pose significant reputation or other risks to the Company, such as a wire transfer or issue of a high value demand draft as a single transaction.
These guidelines would be applicable to lawyers and valuers empanelled with Repco Home Finance Limited.
Repco Home Finance net up 22%
Repco Home Finance’s net profit in the first quarter of the fiscal moved up 22% to Rs 30.24 crore from Rs 24.81 crore in the same period last year. The loan book grew 30% and stood at Rs 6,344 crore as at June 30 2015 as compared to Rs. 4,892 crore in the same period last year. Loans to the self-employed segment accounted for 57% of the outstanding loan book.
Date – 08 Aug 2015
Branch Address / Locations of Repco Home Finance:
Branch Name City
102, M H R House, No. 7-1-621/274, Sanjeeva Reddy Nagar, Hyderabad – 500 038 Telangana
No.29-13-3, Kaleswara Rao Road, Opp. Hotel Anupama, Governor pet Vijayawada – 520 001, Andhra Pradesh
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for and we do not charge any fee from our customers. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents.Read More