|
Particulars |
| Purpose |
For construction of Bungalow/Tenements
For purchase of ready build flat/Tenement/Raw house
For repairing/renovation of flat/Tenement
|
| Eligibility |
Salaried employees, Businessmen, professional self-employed |
| Loan Amount |
Max 30.00 Lacs or 70% of marketable value or Estimate of Construction whichever is lower. |
| Margin |
30% of marketable value or Estimate of Construction |
| Repayment Period |
15 years |
| Rate of interest |
7.00 % PA |
| Processing fee |
Nil |
| Share linking |
2.5% of the loan amount sanctioned |
| Guarantee |
Two guarantor possessing property and also Income tax-payer. |
| Security |
Mortgage of Flat/Tenement/Raw house/Apartment |
