Housing Loans


Loan Product Name

Housing Loan
Commercial Housing Loan
FacilityTerm LoanTerm Loan
EligibilityIndividual Individual/Firms
PurposeFor construction of Residential Houses or for purchase of existing Residential Houses, Flats for Self dwelling or for rental purposeFor construction of Commercial Building/Offices or for purchase of existing Commercial Houses, Flats for Self or for rental purpose
SecurityMortgage of Immovable PropertyMortgage of Immovable Property
Rate of Interest 11.00% PA12.00% PA
Loan LimitMaximum Rs.200.00 LacsMaximum Rs.500.00 Lacs
GuarantorGovernment Employee/ I.T AssesseeGovernment Employee/ I.T Assessee
Max Loan period5 Years 5 Years
RepaymentEquated Monthly
Equated Monthly
Interest methodDiminishing MethodDiminishing Method
MarginUp to Rs. 20 Lakhs Amount: 30% of Construction cost, Above Rs. 20 Lakhs Amount: 40% of construction costUp to 40% of project cost
Processing FeesNilNil
Basic Documents KYC documents of Borrowers and Guarantors.
Copies of IT returns for last 3 years
A/c statement for last one year.
Title Deeds of the property offered as security.
Other Documents As required.
KYC documents of Borrowers and Guarantors.
Copies of IT returns for last 3 years
A/c statement for last one year.
Title Deeds of the property offered as security.
Other Documents As required.
Terms & ConditionsAs per Bank’s Loan Policy.As per Bank’s Loan Policy.