| Eligibility |
- For purchase of new & resale Flats/Bungalows/Dwelling units
For Construction of House
- Salaried individuals
- Professionals & self employed persons in business for at least 3 years
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| Quantum |
- Not exceeding Rs.70 lakhs
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| Sanction Limit |
- 90% of Agreement Value or Cost of Construction for loans upto Rs.25.00 lakhs
- 80% of Agreement Value or Cost of Construction for loans above Rs.25.00 lakhs
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| Repayment
period |
- Upto 20 years or upto the age of retirement, whichever is earlier
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Repayment
Instalment |
- For the sake of convenience repayment will be in equated monthly
instalments to be adjusted for a variance in the interest rate
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| Rate of interest |
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| Security |
- Mortgage of the House/Flat to be purchased/constructed
- One guarantor
- Insurance of the flat mortgaged Insurance on the life of the borrower (on case to case basis)
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| Prepayment |
- No prepayment penalty applicable for the present
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| Margin |
- 10.00% upto Rs. 25 lakhs & 20.00% above Rs. 25.00 lakhs or as applicable under National Housing Bank Refinance scheme
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| Documents
Required |
- Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
- Form 16A, Latest Salary Slip or Last 3 years Balance Sheets/Income Tax Returns
Chain of Title deeds
- Title and Valuation Report of Property to be purchased
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