1.

Purpose of Loan

  General

2

Who is eligible

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

3

Quantum of loan

a.50% to 60% of the value of the security as per the valuation report given by the company's panel valuer.
b.Maximum of Rs. 5 Crore
c.10% additional loan after one year and
d.25% additional loan after two years
(All on the same property& subject to repayment capacity and net take home)

4

Repayment period

Up to 10 years.  In deserving cases up to 15 years depending upon case to case basis. If disbursed in tranches, full EMI to start from 3rd month.

5

Interest rate applicable

Floating rate of interest applicable as given below:
13.25% to 14.25%

6

Disbursement

1. In one lump sum or in tranches within 6 months.  If not availed/ fully availed within 6 months, unavailed limit will be cancelled.
2. Further disbursement in the 13th month up to 110% of the loan amount and in the 25th month, 125% of the loan amount.

7

Property insurance

Property mortgaged to be insured compulsorily.

8

Security for the loan

1. Equitable mortgage of the residential/commercial property being financed.
2. Equitable mortgage of sites allotted by Govt/Govt development authorities where securities are perfect with final sale/conveyance deed.

9

Collateral security

Depends up on case to case basis.

10

Stamp duty

As laid down in The State Stamp Act of the respective state government.