Purpose: Purchase of new flat and construction of house or purchase of old flat / house including extension to existing flat / house
Quantum of Loan: Loans up to Rs.15.00 Lakh – 90%, Above Rs.15.00 Lakh up to Rs.20.00 Lakh – 85%,
Above Rs.20.00 Lakh up to Rs.50.00 Lakh – 80% of the Agreement Value+Stampduty+Registration Charges or Market Value whichever is less”.
Repayment: Up to 180 installments for all [maximum]
Rate of Interest:
| Loans sanctioned up to and including : 15.00 lakh | PLR – 2.50 | 10.5 |
| Loans sanctioned above Rs. 15 Lakh up to & including Rs. 25.00 Lakh | PLR – 2.00 | 11.00 (Floating) |
| Loans sanctioned above : 25.00 Lakh and up to & including 50.00 Lakh | PLR – 1.00 (Floating) | 12.00 (Floating) |
Sureties: For loans up to Rs.20.00 Lakh:- One Surety with Net Income/Salary above Rs.10,000/- per month; For loans above Rs.20.00 Lakh:- Two Sureties, with Net Income/Salary above Rs.10,000/- or per month; One Surety with Net Income/Salary above Rs.20,000/- per month
Service Charges: Service charges 0.60% of the loan amt.
Share Amount: Up to Rs.20.00 Lakh: – 1% of the Loan amount sanctioned or Rs.2, 500/-; Above Rs.20.00 Lakh: – Rs.5, 000/-