Purchase of new flat and construction of house or
purchase of old flat / house including extension to
existing flat / house
Maximum Amount :
"Loans upto 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.70.00 Lakh - 80%
of the Agreement Value+Stampduty+Registration Charges or Market
Value whichever is less".
Repayment :
Upto 180 installments
for all [ maximum ]
Rate of Interest :
Kindly refer Interest Rate Chart
Sureties :
For loans upto 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
Purchase of Flats in Building more than 15 years old : For purchase of flat in Building which is
more than 15 years old, loan will be considered only if it is
certified by the
Structural Engineer that the residual life of the
building is more than 20 years and the building is in good condition.
Service Charges : Service charges 0.60% of the loan amt.
Share Amount :
Upto Rs.20.00 Lakh :- 1% of the Loan
amount sanctioned or Rs.2,500/-
Above Rs.20.00 Lakh :- Rs.5,000/-
