Non Housing Loans
Brief Terms & Conditions at a glance
Purpose of Loan
1.For purchase of site from development authorities
Who is eligible
All individuals who are salaried/professionals/businessmen/self-employed/NRI/Pensioners who have adequate repayment capacity
Quantum of loan
75% to 80% of the project cost subject to repayment capacity and sufficient net take home.
Minimum 5 years and Up to a maximum of 10 years.
Interest rate applicable
Floating rate of interest applicable as given below:
For Site allotted by Govt. Devp. Agencies:11.75% to 12.75%
For sites purchased from private parties/builders/promoters : 13.00% to 13.75%
In one lump sum on the date of registration.
Security for the loan
Equitable mortgage of thesite 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.