HOUSING LOAN TO PUBLIC SCHEME

PURPOSE:

1. Construction of house
2. Purchase of Built up House/flat
3. Purchase of Plot/land and Construction of house thereon
4. Repair, Renovation ,Addition,Alteration

ELIGIBILITY:

1. Any Individual having sufficient income
2. Joint owners are also eligible

QUANTUM OF LOAN:

1. Need based for Construction of House/flat or purchase of house/flat as per income/repaying capacity of the borrower.
2. Income of spouse and earning children may also be included after taking them as co-borrower
3. Maximum Rs.300 lakh for purchase of land/plot for construction of house building, but not more than 60% of the total eligibility.
4. Repair/Renovation/Addition/Alteration-Max. 20 Lac

Margin

1. Construction of House/flat and Purchase of Built up House/flat -20%
2. Repair, Renovation,addition,Alteration - 20%
3. Purchase of Land/Plot for House Building -25%

SECURITY:

• Equitable/Registered mortgage of the property

REPAYMENT: 

• Maximum 30 Years including moratorium period.