Housing Loan

Eligibility

Any person with assured monthly Income

Rate of interest

CIBIL	ROI
i) 650 and above	10.50%*
ii) 600 to 649	11.50%*
iii) (-1) Up to 100 as per new norms	10.50%*
iv) Above 100 to upto 200 as per new norms	11.50%*
iv) Hakku Patra upto Rs .15 Lakh	12.50%*

Purpose

Acquisition of a house or flat or apartment, new or old
Construction of a house on a site or plot of land already acquired
Acquisition of an old house and renovation / extension thereof or acquisition of an old house, its demolition and reconstruction.
For taking over the Housing loan liability from Scheduled Banks

Repayment Tenure

Upto 20 years

Surety

Minimum one guarantor with sufficient net worth

Loan Limit

Maximum amount of Rs. 25,00,000/-

Security

Property purchased out of Bank finance / house constructed out bank finance along with land.

Margin/Your Contribution

Min of 25% of the Estimate in case of construction or min of 25% of Registration Value in case of purchase residential building/Flat/Apartment

Other Terms

Membership is necessary for the borrower and sureties to avail this loan.

* Floating rate of interest