

Housing Loans
Loan Product Name | Housing Loan | Commercial Housing Loan |
---|---|---|
Facility | Term Loan | Term Loan |
Eligibility | Individual | Individual/Firms |
Purpose | For construction of Residential Houses or for purchase of existing Residential Houses, Flats for Self dwelling or for rental purpose | For construction of Commercial Building/Offices or for purchase of existing Commercial Houses, Flats for Self or for rental purpose |
Security | Mortgage of Immovable Property | Mortgage of Immovable Property |
Rate of Interest | 11.00% PA | 12.00% PA |
Loan Limit | Maximum Rs.200.00 Lacs | Maximum Rs.500.00 Lacs |
Guarantor | Government Employee/ I.T Assessee | Government Employee/ I.T Assessee |
Max Loan period | 5 Years | 5 Years |
Repayment | Equated Monthly | Equated Monthly |
Interest method | Diminishing Method | Diminishing Method |
Margin | Up to Rs. 20 Lakhs Amount: 30% of Construction cost, Above Rs. 20 Lakhs Amount: 40% of construction cost | Up to 40% of project cost |
Processing Fees | Nil | Nil |
Basic Documents | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Terms & Conditions | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. |