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1. |
Maximum Loan Limit |
Rs.70,00,000/-(Rs Seventy Lacs Only) per beneficiary of a dwelling unit |
2. |
Purpose |
For construction / purchase of houses/ flats by individuals for residential use or for repayment of loan obtained for purchase / construction of house property. |
3. |
Period of Loan |
Maximum 240 months, inclusive of moratorium or repayment holiday granted. |
4. |
Moratorium Period |
Maximum 18 months from the date of initial disbursement or completion of construction, whichever is earlier. |
5. |
Rate of Interest |
Click to Get |
6. |
Margin |
20% of agreement cost. Stamp duty and registration fee not to be reckoned for eligibility. |
7. |
Security |
Mortgage of the residential house / flat purchased with bank finance. |
8. |
Guarantors |
Minimum two guarantors acceptable to bank having net income and net worth commensurate with the quantum of loan / EMI of housing loan. |
9. |
Share Holding |
2.5% of the loan amount & guarantors will have to become regular members of bank |
10. |
Process fee |
As per the prevailing schedule of service charges of our bank |
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* For More Details on Eligibility Criteria and Documents Required, Please contact any of our branches or send mail to us. |
* conditions apply – sanction of loan at the discretion of bank. |