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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.