• Housing Finance
  • Individuals with regular and independent source of income from Trade / Business / Profession /Employment.
  • Construction of new house & expansion/addition to existing house.
  • Purchase of flat / house from Public Housing Agencies / Registered / Reputed Builders.
  • Purchase of old houses (not more than 15 years old) from third parties in approved layouts.
  • Repair and Renovation of existing residential House
  • Maximum Term Loan under the scheme is 80% of the cost of estimate in case of new construction subject to an upper ceiling of Rs 100.00 lacs.
  • For up-gradation / repair / remodeling of existing house is concerned, maximum Term Loan is 80% of the cost of up-gradation / improvement subject to a ceiling of Rs 10.00 lacs.
  • Margin is minimum 20% of cost of construction / cost of house / cost of up-gradation /improvement
 Security :
  • Bank’s Mortgage Charge on land and Building as prime security
  • Minimum 10% of loan amount as liquid collaterals
 Repayment :
  • Maximum 240 EMIs
 Holiday Period :
  • 18 months
 Rate of Interest :
  • Minimum 11% and Maximum 11.75%
 Remarks :
  • Building plan in borrower’s name duly approved by competent local authority
For Form goto Forms Downlod dection .For further details, contact the nearest Branch