To purchase land and construct House / Purchase a New House / New Flat / or the cost of extension / Renovation / Purchase of Old House / Flat / Takeover from other Banks/ FIs.
Reimbursement of Investments already made by the borrower provided the Investment has taken place within preceding one year.
Term Loan
- For Metro centres - Up to Rs.500 lakhs
- For Non-Metro centres - Up to Rs.300 lakhs
- For renovation - Up to Rs.25 lakhs irrespective of any centre
- For Top-up Loans - Maximum of 15% of the original Loan amount or Rs. 7.50 Lakhs whichever is Lower.
Non-Resident Indians (NRIs) holding Indian Passport or Persons of Indian origin (PIOs) holding foreign passport, singly or jointly or joint with Spouse or Close relatives of NRI applicant
NRI / PIO individuals / jointly with NRI / PIO or resident spouse aged between 21 and 50 years. In the case of Joint borrowers, any one of the applicants should below aged 50 years.
Margin :
- New Flats -25%
- Purchase of Plot and construction of house there in -25%
- Construction of house on existing plots – 10% on the cost of construction
- Renovation /Purchase of Old House /Old Flat:
- If the age of the house is below 5 years – 25%
- If the age of the house is above 5 years – 40%
- Old Flat irrespective of age – 30%
Repayment :
- Minimum – 5 years
- Maximum - 30 years or upto the age of 65 years of borrower whichever is earlier.
Security :
- Equitable mortgage of the Land / House / Flat purchased / constructed / acquired under the Loan and the improvements / additions there to.
Interest :
Fees & Charges
- 0.25% of the limit sanctioned Plus taxes as applicable.