|
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. |
