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Apna Sahakari Bank Limited, a multi-state cooperative bank operating since 1968 from Mumbai, focuses on home loans for ready possession or near-complete flats in Maharashtra. As of October 2025, the bank finances up to 85% of property value with loan amounts capped at ₹50 lakh and tenures up to 20 years. Salaried applicants need one year of confirmed service while self-employed require two years of ITR filing. A 15% borrower margin and lien on the first three EMIs as fixed deposit secure the loan. Branch-based processing ensures approvals in 7-10 working days for residents in Mumbai, Thane, and Pune.
|
Feature |
Details |
|
Interest Rate |
Women: 8.75% p.a.; Others: 9.00% p.a. |
|
Processing Fee |
0.25%-1% of loan amount + GST (0.25% for CIBIL 750+) |
|
Loan Amount |
Up to ₹50 lakh (85% of property value) |
|
Repayment Tenure |
Up to 20 years (120/180/240 months) |
|
Applicant Age |
21 to 70 years (at loan maturity) |
|
Approval & Disbursal Time |
7–10 working days after document submission |
|
Prepayment Charges |
Nil for floating rate loans |
|
Eligibility (Salaried) |
1 year confirmed service; stable income (₹20,000+ monthly typical) |
|
Eligibility (Self-Employed) |
2 years ITR filing; regular income source |
Apna Sahakari Bank home loan interest rate is set at 8.75% p.a. for women borrowers and 9.00% p.a. for others, determined by gender and CIBIL score. The rate applies uniformly for new customers purchasing property with a 15% margin and 3-EMI lien as fixed deposit.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Women (CIBIL ≥750) |
8.75% |
8.75% |
Gender concession; high CIBIL |
|
Others (CIBIL ≥750) |
9.00% |
9.00% |
Standard rate; no guarantor |
|
Women (CIBIL 700-749) |
8.75% |
8.75% |
One guarantor required |
|
Self-Employed (All) |
9.00% |
9.00% |
2 years ITR consistency |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Apna Sahakari Bank |
8.75% |
0.25%-1% |
20 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a ₹40 lakh loan over 20 years at 8.75%, EMI is ₹34,200—₹1,800 higher monthly than SBI's 7.50%, but processing fee as low as ₹10,000 saves upfront costs.
Apna Sahakari Bank home loan calculator is not available online; use third-party tools like BankBazaar or codeforbanks.com. Input loan amount, interest rate (8.75%-9.00%), and tenure to view EMI, total interest, and amortization.
Loan Amount: ₹40 lakh
Interest Rate: 8.75% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
₹34,200 |
₹42.08 lakh |
₹82.08 lakh |
Reduce tenure to 15 years: EMI ₹36,500, saves ₹10 lakh interest.
|
Charge Type |
Amount |
|
Processing Fee |
0.25%-1% + GST |
|
Legal & Valuation Fee |
₹2,000-₹5,000 |
|
CERSAI Registration |
₹500 |
|
Stamp Duty (MODT) |
0.2%-0.5% (Maharashtra) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total charges under 1.5% for most cases.
● Age: 21–70 years
● 1 year confirmed service
● Monthly income: ₹20,000+
● CIBIL: 650+
● Age: 25–70 years
● 2 years business
● ITR: Positive for 2 years
● Property: 85% complete
Financing up to 85% of property value.
|
Service |
Contact Details |
|
Customer Care Helpline |
022-24102155 / 022-24105261 |
|
|
corporateoffice@apnabank.co.in |
|
Branch Hours |
10 AM–5 PM (Mon-Sat) |
Call customer care at 022-24102155 with reference number or visit branch. Status updates: Submitted, Under Verification, Sanctioned, Disbursed. Email corporateoffice@apnabank.co.in for formal tracking; response within 48 hours.
Salaried applicants need ₹20,000+ monthly income; self-employed require 2 years positive ITR. Debt-to-income ratio at 50% determines loan size up to ₹50 lakh. Co-applicants increase eligibility for joint applications.
No, eligibility limited to Indian residents in Maharashtra. NRIs do not qualify under cooperative banking rules. Local residents with valid documents apply easily at branches.
Yes, PMAY subsidy for EWS/LIG categories on loans up to ₹9 lakh. Apply at branch with Aadhaar-linked PMAY form; effective rate drops to 2.25%, saving ₹40,000 annually.
Balance transfer not available; top-up loans offered at 9% for repairs. Existing customers with CIBIL 750+ save 0.25% compared to private banks.
With Maharashtra property prices rising 9% in 2025, Apna Sahakari Bank home loan interest rate calculator processing fee requirements application process customer care status offers practical financing for ₹20-50 lakh purchases. Low fees, simple criteria, and local branch support suit first-time buyers. Apply at apnabank.co.in or
