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TMB - Home Loan

To Construct / Purchase a New House / New Flat or the cost of extension / Renovation / Purchase of Old House / Flat, Take over from other Banks / FIs.

Term Loan

  • Rs.500 lakhs in case of Metropolitan centres Rs.300 lakhs for Non-Metro Centres.
  • IT Returns not available - Not exceeding Rs.10 lakhs;
  • For Renovation – Not exceeding Rs.25 Lakh.
  • Top-up Loans- Maximum of 15% of the original Loan amount or Rs.15 lakhs, whichever is lower

HUF, Individuals aged between 18 and 50 Years. In case of Joint Borrowers, any one of the applicant’s age should be below 50.

Margin :

  • New Flats - 25%
  • Plot & Construction of House thereof - 25%
  • Construction of House on existing plots - 10%

Renovation / Purchase of Old House/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 :

  • Primary :
    • Equitable Mortgage of the Land/House/ Flat purchased /Constructed / Acquired under the Loan and the improvements / additions thereto.

Interest :

Fees & Charges

  • 0.50% of the Limit Sanctioned plus Taxes as applicable.