Purpose : Construction of own house / Purchase of ready built house/flat/resale flat / takeover of housing loans from other banks/institutions
Eligibility : Salaried Employees / Businessmen / Professionals
Limit of loan : Maximum Limit in this type of facility will be as per the guidelines of RBI or by the Board of our Bank
Basis of Advance : Loan amount to be restricted to 70 % of purchase price ( Including cost of registration and stamp duty applicable for it ) or estimate for repairs and or additional construction.
Repayment Period : Maximum period 15 Years, in const. Moratorium Priod maximum 18 Months
Housing Loan : 08.00 %
Processing fees : Rs. 5.00 per thousand.
Shareholding : Share money of 2.50 % of the loan be taken.