Loans under urban Housing(LUH)
Brief Terms & Conditions at a glance
Purpose of Loan
Who is eligible
All individuals who are salaried / professionals / businessmen / self-employed / NRI / Pensioners who have adequate repayment capacity.
i) Loan amount should not exceed Rs 10,00,000 / -
Quantum of loan
Up to Rs. 10 Lakhs or upto 75% of the project cost subject to a maximum of Rs. 10 lakhs and subject to repayment capacity and sufficient net take home.
For salaried individuals - 5 years to 30 years.
Interest rate applicable
FloatingRate 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,Â
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.