Brief Terms & Conditions at a glance
Purpose of Loan
For purchase of land and construction of house thereon.
Who is eligible
All individuals who are salaried/professionals/self-employed/businessmen/NRI/Pensioners who have adequate repayment capacity.
Quantum of loan
75% to 85% of the project cost subject to repayment capacity and sufficient net take home income.
Interest rate applicable
Floating rate of interest applicable as given below:
The loan amount for purchase of site shall not exceed 70% of the total loan amount sanctioned and as well as 80% of the site cost. The loan amount towards construction of house will be released as per the progress in construction.
Security for the loan
Equitable mortgage of the residential property being financed.
Depends up on case to case basis.
As laid down in The State Stamp Act of the respective state government.
Note:Â For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.