• Purchase of Ready built House/Flat/ flat under construction
• Construction of House.
• Undertaking extension/repairs/renovation/upgradation.

• Areas covered: Any other areas not falling under the Statutory Town definition of Pradhan Mantri Awas Yojana-Urban for the following beneficiaries:
• Individuals belonging to weaker section as defined in the RBI’s priority sector guidelines* and/ or
• Annual household income not exceeding Rs.3 lacs and/or
• Women – Property in their names, either singly or jointly

*which includes scheduled caste and scheduled tribes, Minority communities as may be notified by Govt. of India from time to time, persons with disabilities.

• Prevailing card rate.

• Up to Rs. 30 lacs - 15%.
• Above Rs. 30 lacs up to Rs. 75 lacs - 20%.

• Mortgage of the property being financed.
• Collateral: on case-to-case basis.

• Maximum term up to 30 years subject to maximum age of 70 years of applicants.

• The scheme is applicable to individual housing loans sanctioned on or after 01/04/2017 and falling under Rural category.
• ROI is fixed for an initial period of 7 years. ROI would automatically shall be converted to variable interest rate for the respective risk category with annual resetting clause after the expiry of fixed tenure of 7 years.
• 2% plus applicable GST where the loan accounts are on fixed interest rate in case the loans are taken over by other banks/financial institutions. However, no pre closure charges will be collected if the borrowers close the loans out of their own funds.