Housing Loans
- CFHL Nischint and Top-up
- New Loan for Urban Housing (New LUH)
- New Gruhalakshmi Rural Housing Scheme (New GRHS)
- Individual Housing Loan
- Individual Housing Loan - Super (IHL-Super)
- Loans under urban Housing(LUH)
- Gruhalakshmi Rural housing Loan(GRHS)
- Composite Loan
- Credit Link Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY)
- Credit Link Subsidy Scheme (CLSS) for Middle Income Group (MIG)
Gruhalakshmi Rural housing Loan(GRHS)
Brief Terms & Conditions at a glance
1. | Purpose of Loan |
|
2 | Who is eligible |
 |
3 | Other conditions | Property to be financed should be located in rural area with population < 50,000/- as per 1991 census. |
3 | Quantum of loan |
|
4 | Repayment period |
|
5 | Interest rate applicable | Rate of interest applicable as given below: 8.85% fixed for first three years and thereafter the prevailing roi, then. |
6 | Disbursement | In the case of purchase of house/flat, on the date of registration, and in the case of construction/repairs/renovation/up-gradation/extension, as per the progress of work. |
7 | Security for the loan | Equitable mortgage of the residential property being financed. |
8 | Collateral security | Depends up on case to case basis. |
9 | Stamp duty | 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.