Vasudhara Awas Yojna is the home loan offered for the purchase or construction of flat, bungalow or house. Our housing loan is available on competitive interest. This home loan is available for 5 to 15 year.
Purpose – Purchase or Construction of property, Extend/Renovate/Repair of house or flat owned by you and to take – over existing housing loan.
Eligibility – You must be at least 21 years of age when the loan is sanctioned.
Features – The following are the special features offered by the bank
- Long term housing loan {5 to 15 years).
- Margin 20%
- Interest charged on actual reducing balance
- No Hidden Charges
- Nominal Processing Charges
- Interest will be charged on daily product bases.
Margins – 20 % Margin for Home Loan.
Interest Rates – The interest rate is based on the loan period
| Period | Interest Rates (in %) |
| Upto 6 Years | 10.50 |
| Upto 10 Years | 11.00 |
| Upto 15 Years | 11.50 |
Repayment – Repayment in easy installments spread up to 15 years, more than the stipulated monthly installment can be paid at any date within a month, depending upon availability of funds with you.