Non Housing Loans

225-Commercial Housing loan (CHL)

Commercial Housing loan (CHL)

Brief Terms & Conditions at a glance


Purpose of Loan

For 3rd dwelling unit onwards for the following:
For Construction, purchase, repairs, renovation, up gradation, extension, purchase of site and construction thereon and takeover of liability.


Who is eligible

All individuals who are salaried/professionals/businessmen/self-employed/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.


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.


Interest rate applicable

Floating rate of interest applicable as given below:
For loans up to 30 lakhs - 9.75% to 10.75%
For loans above 30 lakhs – 10.25% to 11.00%



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.


Collateral security

Depends up on case to case basis.


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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