Housing Loans to Individuals (IHL)

1	Purpose	Purchase of a ready built house/ Flat/Flat under construction. Construction of house/ Flat. Undertaking extension, repairs, renovation, up gradation, creation of additional amenities, subject to the satisfaction of the Company. For Taking over the HL liability from other recognized Financial Institutions/ Banks subject to the satisfaction of the Company.
2	Eligibility	Individuals who are salaried / professionals/SE & NP /NRI /pensioner who have adequate repayment capacity supported by Proof viz, Salary slips/Form 16 and Income Tax Returns. Property proposed for mortgage to stand in the name of applicant/s.
3	Margin	Up to Rs.20 lac - 15%. Above Rs.20 lac up to Rs. 75 lacs - 20%. Above Rs.75 lacs-25%.
4	Security	Mortgage of the property being financed. Collateral: on case-to-case basis.
5	Rate of interest	Prevailing card rate.
6	Repayment	Maximum up to 30 yrs.
7	Other Benefits	Borrowers with good track record are eligible for Top-up and Personal loan.

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Purpose