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TMB Affordable Home Loan

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.

Term Loan

  • For properties in Metro areas: Up to 50.00 lakh – Cost of House / Flat should not exceed 65 lakhs.
  • For properties in Non-Metro locations: Up to 40.00 lakh – Cost of House / Flat should not exceed 50 lakhs.
  • For Renovation: Not exceeding 10.00 Lakh.
  • Top-up Loans:Maximum of 15% of the original Loan amount or 7.50 lakh, whichever is Lower.

HUF, Individuals aged between 18 and 50 years.

In the case of Joint borrowers, any one of the applicant/s is aged 50.

Sanction of Housing Loans under the scheme shall be restricted to One Dwelling unit PER FAMILY.

Margin :

  • New Flats - 25%
  • Purchase of Plot and construction of house thereon - 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 :

  • Within a maximum of 30 Years (excluding Holiday period)

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.