Non Housing Loans

225-Commercial Housing loan (CHL)

Commercial Housing loan (CHL)



Brief Terms & Conditions at a glance

1.

3rd and 4th unit

Purchase / construction of house

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 10.00 - 11.25
  • Above Rs. 30 lac 10.50 - 11.75
  • .Above Rs. 75 lac 11.25 - 12.25

Selfemployed and Non Professionals

  • Rs. 30 lac & below 10.50 - 11.75
  • Above Rs. 30 lac 11.10 - 12.35
  • .Above Rs. 75 lac 12.00 - 13.00

3rd and 4th unit

Commercial Housing Loan (Composite housing loan on sites situated in layouts developed by Govt. Dev. Agencies including second sale)

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 10.25 - 11.50
  • Above Rs. 30 lac 10.75 - 12.00
  • .Above Rs. 75 lac 11.50 - 12.50

Selfemployed and Non Professionals

  • Rs. 30 lac & below 10.75 - 12.00
  • Above Rs. 30 lac 11.35 - 12.60
  • .Above Rs. 75 lac 12.25 - 13.25

3rd and 4th unit

Commercial Housing Loan (Composite housing loan on site situated in approved private layouts including second sale )

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 11.00 - 12.25
  • Above Rs. 30 lac 11.50 - 12.75
  • .Above Rs. 75 lac 12.25 - 13.25

Selfemployed and Non Professionals

  • Rs. 30 lac & below 11.50 - 12.75
  • Above Rs. 30 lac 12.10 - 13.35
  • .Above Rs. 75 lac 13.00 - 14.00

3rd and 4th unit

Purchase / constrcution of house (IHL Super) *ROI fixed for 3 years

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 11.50 - 12.75
  • Above Rs. 30 lac 12.10 - 13.35
  • .Above Rs. 75 lac 13.00 - 14.00

Selfemployed and Non Professionals

  • Rs. 30 lac & below 12.00 - 13.25
  • Above Rs. 30 lac 12.70 - 13.95
  • .Above Rs. 75 lac 13.75 - 14.75

5th unit onwards

Purchase/ constrcution of house

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 11.00 - 12.25
  • Above Rs. 30 lac 11.50 - 12.75
  • .Above Rs. 75 lac 12.25 - 13.25

Selfemployed and Non Professionals

  • Rs. 30 lac & below 11.50 - 12.75
  • Above Rs. 30 lac 12.10 - 13.35
  • .Above Rs. 75 lac 13.00 - 14.00

5th unit onwards

Commercial Housing Loan (Composite housing loan on sites situated in layouts developed by Govt. Dev. Agencies including second sale)

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 11.25 - 12.50
  • Above Rs. 30 lac 11.75 - 13.00
  • .Above Rs. 75 lac 12.50 - 13.50

Selfemployed and Non Professionals

  • Rs. 30 lac & below 11.75 - 13.00
  • Above Rs. 30 lac 12.35 - 13.60
  • .Above Rs. 75 lac 13.25 - 14.25

5th unit onwards

Commercial Housing Loan (Composite housing loan on site situated in approved private layouts including second sale)

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 12.00 - 13.25
  • Above Rs. 30 lac 12.50 - 13.75
  • .Above Rs. 75 lac 13.25 - 14.25

Selfemployed and Non Professionals

  • Rs. 30 lac & below 12.50 - 13.75
  • Above Rs. 30 lac 13.10 - 14.35
  • .Above Rs. 75 lac 14.00 - 15.00

5th unit onwards

Purchase / constrcution of house (IHL Super) *ROI fixed for 3 years

SALARIED & PROFESSIONALS

  • Rs. 30 lac & below 12.50 - 13.75
  • Above Rs. 30 lac 13.10 - 14.35
  • .Above Rs. 75 lac 14.00 - 15.00

Selfemployed and Non Professionals

  • Rs. 30 lac & below 13.00 - 14.25
  • Above Rs. 30 lac 13.70 - 14.95
  • .Above Rs. 75 lac 14.75 - 15.75

2

Who is eligible

All individuals who are salaried/professionals/businessmen/self-employed/NRI/Pensioners who have adequate repayment capacity.

3

Quantum of loan

75% to 85% of the project cost subject to repayment capacity and sufficient net take home income.

4

Repayment period

For salaried individuals – 5 years to 30 years.
For professionals – 5 years to 25 years.
For NRI – 5 years to 15 years.
For business class – 5 years to 20 years.

5

 

 

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: For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.



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