We provide Housing Loan for purchase of Flat, Row House, Bungalow which is available either as ready possession or under construction &Housing Repairs, Renovations, Interior Decoration or any other purpose etc.
| Prerequisite | Rules |
|---|---|
| Loan Limit | Loan LimitUpto Rs.75.00 Lacs. |
| Repayment | Maximum 180 months inclusive of moratorium Period of maximum 18 months or till the retirement age if Salaried whichever is earlier. |
| Pre-Payment Penlty | Nil |
| Interest | 9.00%* PA on onwards |
| Margin | 15% of Agreement Value Plus Stamp Duty, Registration Fee Etc. |
| Rate of Calculation | Interest calculation on daily reducing balance. |
| Purpose | Construction of house, where in the plot/land already owned by the applicant OR To Purchase (new or second hand) house or flat OR To Extend/renovate/repair, the existing house or flat. |
| Security | Registered Mortgage of financed property / property proposed to be furnished. |
| Guarantors | Min Two Guarantors is required. |
| Shares Contribution | Shares @ 2.5% of Sanction Limit. |
| Charges | Applicable as per chart CERSAI, Franking Charges, Property Valuation, Search & mortgage Fess as applicable. |
| Processing Fess | As per rate chart of Bank + applicable G.S.T |
| Eligibility | Individuals or Jointly (co-borrowers having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc). |
| Documents Required |
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*Conditions Apply. * For More details Please Contact Nearest Branch
