Individual Housing Loan
Brief Terms & Conditions at a glance
Purpose of Loan
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:
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.
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: For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.