The bank offers loans for:
* Construction or Purchase of a new house or flat
* Repairs / Renovation / Extension of existing house
* For purchase of plot for construction of house within two years
* For purchase of built houses not more than 15 years old
* Housing loan against II charge
* For Purchase of Furnishings / Consumer durables as part of the project cost
Highlights
Interest Rate
0%
Loan Amount
Upto Rs. 30 lakhs the margin is 20%. Above Rs. 30 laks to 75 lakhs it is 20%. Above Rs 75 lakhs to 1.00 Crore it is 25% and for above Rs 1.00 crore it is 40%
Tenure
Min. - 5 Yrs.
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
5 - 30 Yrs.
Floating
10.4 %
Regular (Up to 75 lacs- 10.30%
above 75 laks- 10.40%)
Fees & charges
Fees & charges
Processing Fee
0.2 %
Penal interest - 1%
Terms & Conditions
Terms & Conditions
The house property has to be insured covering all risks. Group insurance is available to cover the life of the borrower on payment of one time upfront premium.