Housing Loan

Purpose

Construction of own house / Purchase of ready built house / New flat / Under Construct 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 from time to time

Basis of Advance

Loan amount to be restricted to 80% 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 20 Years, in const. Moratorium Period maximum 18 Months

Housing Loan

8.50%

Shareholding

Share money of 2.50% of the loan be taken.