Eligibility

 Any person with assured monthly Income

 Rate of interest

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