Housing Loan

Facility:                       Term Loan

Purpose:                     

For construction of Residential Houses or for purchase of existing Residential Houses, Flats for Self dwelling or for rental purpose.

Eligibility :                 

»  Individuals and co-operative/group housing societies.

»  Housing boards undertaking Housing projects.

» Owners of houses /flats for extension and up-gradation, including major repairs.

Security:                               Mortgage of Immovable Property

Guarantor:                           Government Employee/ I.T Assessee

Eligibility Loan Amount:

For Purchase /construction of House / Flat:

Loan AmountMargin(i.e. Contribution by Borrower) (Min.)Maximum Loan To Value Ratio (Max.)
Upto Rs. 25 Lacs30%70%
Above Rs. 25 Lacs40%60%

Rate of Interest:                 10.00% PA     

                                              Click here to know more

Repayment:                       

Repayable in maximum of 180 months from the date of completion of moratorium period or completion of house whichever is earlier. 

Interest method:                 Diminishing Method

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Housing Loan

Facility:                       Term Loan

Purpose:                     

For construction of Residential Houses or for purchase of existing Residential Houses, Flats for Self dwelling or for rental purpose.

Eligibility :                 

»  Individuals and co-operative/group housing societies.

»  Housing boards undertaking Housing projects.

» Owners of houses /flats for extension and up-gradation, including major repairs.

Security:                               Mortgage of Immovable Property

Guarantor:                           Government Employee/ I.T Assessee

Eligibility Loan Amount:

For Purchase /construction of House / Flat:

Loan AmountMargin(i.e. Contribution by Borrower) (Min.)Maximum Loan To Value Ratio (Max.)
Upto Rs. 25 Lacs30%70%
Above Rs. 25 Lacs40%60%

Rate of Interest:                 10.00% PA     

                                              Click here to know more

Interest method:                 Diminishing Method

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Repayment:                       

Repayable in maximum of 180 months from the date of completion of moratorium period or completion of house whichever is earlier. 

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.

Processing Fees:                Nill

Terms & Conditions:          As per Bank’s Loan Policy.

Other Related Types

Commercial Housing Loan

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