Housing Loan

Housing Loan

• Applicant : Individuals or Jointly (co-borrowers having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc).
• Purpose : Construction of house, where in the plot/land already owned by the applicant. To buy built up (new or second hand) / semi built up house or flat. To Extend/renovate/repair, the existing house or flat. To buy a flat under construction or proposed to be constructed
• Loan Amount : 85 to 90% of Agreement Cost (Margin has to be decided on case-to-case basis on merit.).
• Repayment : 240 Months, inclusive of Moratorium period up to 18 months. Moratorium period of completion of construction house/flat whichever is low.
• Security : Registered Mortgage of financed property/property proposed to be furnished.
• Documents : For detail documents please contact your nearest branch.
• Other : Insurance of property charged to the Bank