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upto Rs.30 lac - 20%
above Rs.30 lac and upto Rs.3 crore - 25%
INTEREST click here for interest rates
DISBURSEMENT
In three stage, 30%, 40% and 30% of the loan amount. The last installment will be disbursed three or four weeks prior of the completion of the building
The loan component for purchase of the plot will be 50% of the total project cost upto Rs.75 lac and 30% of the project cost above Rs.75 lac or 80% of the land value whichever is lower.
REPAYMENT
It includes the repayment holiday of a maximum of 18 months. Repayment will begin on completion of the house or 18 months from the disbursement of the first installment of the loan, whichever is earlier.
SECURITY
Mortgage of property by deposit of title deeds.
PROCESSING CHARGES
Limit upto Rs.25,000 - Nil
Limit above Rs.25,000 to Rs.2 lacs - 0.55% of the loan amount (Max.Rs.500/-)
Limit above Rs.2 lacs - 0.55% of the loan amount maximum Rs.10000/-
INSURANCE
Insurance is to be arranged for the total cost of building.
PAPERS TO BE SUBMITTED TO BANK
In addition to the application form(in duplicate) and two passport size photographs, the following papers are to be submitted to the Bank.
PROOF OF INCOME
In case of salaried persons:
Audited accounts and Balance Sheets/income tax assessment orders/Returns/Memo/Statements of computation of taxable income filed for the last 3 years.
DOCUMENTS TO BE SUBMITTED FOR
CONSTRUCTION / IMPROVEMENT OF HOUSES
NOTE:
After the sale deed is executed, the original deed along with fresh encumbrance certificate and possession certificate should be submitted. For purchase of plot alone all the documents as above except the no. iv are to be submitted. After availment of the loan, encumbrance certificate for four months after the date of mortgage is to be produced.
Home Decor Loan To furnish houses/flats
Purpose To purchase new household furniture, Refigerator, Electric fans, Air-conditioners, to put up wardrobes, storage facilities or any other household items.
Eigibility
1. Individuals availing Housing Loans from the Bank
2. Where a Housing loan was earlier obtained from us and the liability is still subsisting without overdues.
3. When availing Housing Loans for taking over from other Banks/Financial institutions
Amount
15 % of Housing loan or Rs. 1.50 lacs whichever is less
Repayment maximum 10 years in monthly installments.
Interest rate click here for interest rates
Processing charges
As applicable to Housing Loans
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