- For construction/ acquiring of new home /flat or for acquiring existing home / flat which has remaining life of applied loan tenure plus 10 years.
- For repairs/renovation/alteration of existing home/flat
- Individuals , Groups of individuals , who have attained 18 years ( completed) as on date of application and including Cooperative Societies , having a legal, identified and regular source of income either singly or jointly with Parents, sons, spouse.
- NRI are also eligible for Housing loan,
Quantum of Loan :
Depending on repayment capacity of borrower & value of property.
||Home loan as percentage of Cost of Home/flat
|Upto Rs.20.00 Lakhs
|Above Rs. 20.00 lakhs – up to Rs. 75. 00 lakhs
|Above Rs. 75.00 Lakhs
|For repairs / renovation / alteration of existing house/ purchase of plot.
- Maximum period of 30 years or on borrower reaching the age of 70 years whichever is earlier.
- 10 years in case of Repair/Renovation
Rate Of Interest :
Maximum upto 36 months
0.50% of the Loan Amount subject to maximum Rs.20,000/-
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