| Eligibility |
Any person with assured monthly Income acceptable to the Bank. |
| Rate of interest |
CIBIL
|
ROI |
|
i) 650 and above
|
10.50%* |
|
ii) 600 to 649
|
10.75%* |
| iii) (-1) |
10.50%* |
| iv) Hakku Patra upto Rs .15 Lakh |
12.50%* |
|
| Purpose |
- Acquisition of a house or flat or apartment, new or old
- Construction of a house on a site or plot of land already acquired
- Expansion or renovation, upgradation of the house or flat or apartment already acquired
- Acquisition of an old house and renovation / extension thereof or acquisition of an old house, its demolition and reconstruction.
- For taking over the Housing loan liability from * All Public Sector Banks / Private Sector Banks / Co-operative Banks and NBFC's.
|
| Repayment Tenure |
Upto 20 years |
| Surety |
Minimum one guarantor with sufficient net worth |
| Loan Limit |
Maximum amount of Rs. 25,00,000/- |
| Security |
Mortgage of unencumbered immovable property with building, Flat or Apartment belonging to the applicant/to be purchased by the applicant, situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed. |
| Margin/Your Contribution |
Min of 25% of the Estimate in case of construction or mls in of 25% of Registration Value in case of purchase residential building/Flat/Apartment |
| Other Terms |
Membership is necessary for the borrower and sureties to avail this loan. |
| |
* Floating rate of interest |
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