HOUSING LOAN

Maximum limit of loan:

For construction of New House - Rs.15,00,000/-

For purchase of ready built house - Rs.15,00,000/-

Note: Minimum land 0.03 decimal over which the building will be constructed


Security:

Mortgage of the property over which the proposed building to be constructed by way of registered mortgage deed.

Maximum repayment period:

New house : 10 years in 120 equal monthly installment

Repair/renovation : 10 years.

Moratorium period : 12 months from the date of disbursement of first loan.

Rate of interest @ Up to Rs.3,OO,OOO/- : 12.50%

Above Rs.3,OO,OOO/- : 13.00%