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1
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Purpose
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- Purchase of site: From Developmental Authority/ Housing Co-operative Societies formed by Central/ State Govt. Employees Associations.
- Purchase of site: From Private Developers/Parties.
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2
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Eligibility
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- 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.
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3
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Margin
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4
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Security
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- Mortgage of the property being financed.
- Collateral: on case-to-case basis.
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5
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Rate of interest
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6
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Repayment
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7
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Conversion of site loan to housing loan at the time of construction of house on the same site.
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- If the borrower approaches for housing loan for construction of house on the site for which he has availed site loan then a fresh housing loan shall be sanctioned for construction of house against the construction estimation excluding the existing site loan outstanding. Further, in such cases, the land cost should not be included in the project cost for calculating the Loan-to-Cost Ratio (LCR). These guidelines are also applicable for takeover of a site loan.
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Housing Loans
Non Housing Loan
Deposits
