Eligibility
  • For purchase of new & resale Flats/Bungalows/Dwelling units For Construction of House
  • Salaried individuals below the age of 50
  • Professionals & self employed persons in business for at least 3 years
   
Quantum
  • Not exceeding Rs.70 lakhs
   
Sanction Limit
  • 80% of Agreement Value or Cost of Construction
   
Repayment period
  • Upto 20 years or upto the age of retirement, whichever is earlier
   
Repayment
Instalment
  • For the sake of convenience repayment will be in equated monthly instalments to be adjusted for a variance in the interest rate
   
Rate of interest
   
Security
  • Mortgage of the House/Flat to be purchased/constructed
  • Two guarantors
  • Insurance of the flat mortgaged and on the life of the borrower on a case to case basis
   
Prepayment
  • No prepayment penalty applicable for the present
   
Margin
  • 20.00% or as applicable under National Housing Bank Refinance scheme
   
Documents Required
  • Proof of Residence - Photocopy of Ration Card/Electricity Bill/Telephone Bill/Passport
  • Form 16A, Salary Slip or Last 3 years Balance Sheets/Tax Returns
  • Title and Valuation Report of Property to be purchased