Housing Loans

Realize your dream of owning a home with the help of our fast, friendly and convenient housing loan scheme. We offer loans for construction of residential houses or purchase of existing residential houses, flats for self dwelling or for rental purpose to individuals and for extension and up gradation including major repairs to owners of houses/ flats. Various re-payment methods are available under this scheme and one can pre-close the loan with nominal pre-closure charges.

Purpose

•  For purchase/ construction of houses/flats by individuals.
•  Repairs, alterations and additions to houses/ flats by individuals.

Quantum

•  Maximum of Rs. 35.00 lakhs for purchase/construction/extension of house/flat, etc. Rs. 4.00 lakhs for repairs, renovation, etc

Repayment period

•  1) ) Loan period is Max 10 years for above Rs. 5lakhs. (2) Repairs, renovation loan period is Max 5 years for loan below Rs.5 lakhs

Security

•  Simple Mortgage by deposit of all original title deeds of the property to be financed / Equitable mortgage of the Land and building after completion of construction of house property subject to legal clearance by panel advocate, valuation by panel valuer approved by Board and inspection of the property by authorized officer of the Bank.