|
1
|
Purpose
|
- Purchase of site: From Developmental Authority/ Housing Co-operative Societies formed by Central/ State Govt. Employees Associations.
- Purchase of site: From Private Developers/Parties.
|
|
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.
|
|
3
|
Margin
|
|
|
4
|
Security
|
- Mortgage of the property being financed.
- Collateral: on case-to-case basis.
|
|
5
|
Rate of interest
|
|
|
6
|
Repayment
|
|
|
7
|
Conversion of site loan to housing loan at the time of construction of house on the same site.
|
- If the borrower approaches for housing loan for construction of house on the site for which he has availed site loan from us then a fresh composite loan shall be sanctioned with first disbursal towards clearance of outstanding liability of site loan, balance for construction. Total loan amount should not exceed the present o/s balance in the site loan account plus 80% of the proposed construction cost. However, no request for reversal of interest applied to site loan shall be permitted.
|
Housing Loans
Non Housing Loan
Deposits
