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Eligibility
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Any person with assured monthly Income
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Rate of interest
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CIBIL
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ROI
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i) 650 and above
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10.50%*
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ii) 600 to 649
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10.75%*
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iii) (-1)
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10.50%*
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iv) Hakku Patra upto Rs .15 Lakh
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12.50%*
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Purpose
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- 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
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Repayment Tenure
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Upto 20 years
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Surety
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Minimum one guarantor with sufficient net worth
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Loan Limit
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Maximum amount of Rs. 25,00,000/-
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Security
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Property purchased out of Bank finance / house constructed out bank finance along with land.
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Margin/Your Contribution
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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
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Other Terms
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Membership is necessary for the borrower and sureties to avail this loan.
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* Floating rate of interest
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