Housing Loan

 

Particulars

Purpose

- For construction of Bungalow/Tenements
- For purchase of ready build flat/Tenement/Raw house
- For repairing/renovation of flat/Tenement

  Eligibility

Salaried employees, Businessmen, professional self-employed,

Loan Amount

Max 70.00 Lacs or 70% of marketable value or Estimate of Construction whichever is lower.

Margin

30% of marketable value or Estimate of Construction

Repayment Period

20 years

Rate of interest

7.10 %  PA

Processing fee

Nil

Share linking

1.5% of the loan amount sanctioned

Guarantee

Two guarantor possessing property and also Income tax-payer.

Security

Mortgage of Flat/Tenement/Raw house/Apartment

 

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