Purpose – Purchase or construct a new house/flat; Purchase an existing (old) house/flat or extend / enlarge an existing house; Repair or renovate an existing house flat
Eligibility – Individual(s) over 21 years of age with a regular source of income including persons engaged in agriculture and allied activities are eligible for availing loans under the scheme
Quantum of Loan – Maximum Amount
| Age of the Borrower | Ceiling on Loan Amount | |
| Salaried person | others | |
| i) Borrowers between 21 to 45 years of age (or where any of the joint borrowers is between 21 and 45 years of age and has independent assured income) | 60 times the net monthly Income (NMI) or Rs. 10.00 lakh whichever being lower | 5 times net annual Income (NAI) or Rs. 10.00 lakh which ever being lower |
| ii) Borrowers over 45 years of age (or where any one of the joint borrowers is over 45 years of age and has an independent assured income) | 48 times the Net Monthly Income (NMI) or Rs. 8.00 lakh whichever being lower | 4 times net annual Income (NAI) or Rs. 8.00 lakh which ever being lower |
Type of Facility – Term Loan
Processing Fee – Processing fee at 0.30% of the loan amount will be levied for all housing loans irrespective of limits. It is payable at the time of submission of application to the bank, All charges in connection with search report (valuation certificate etc.) should be recovered on actual basis when incurred; equitable mortgage charge @ Rs. 500/- per Rs. 1.00 lakh should be realized at the time of creation of equitable mortgage.