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Home Loan :
- Loan Amount: Finance up to Rs. 25 Lacs.
- Period & Rate of Interest : for 120 Months, Attractive rate of Interest.
- Rate of Interest : Attractive rate of Interest.
- Interest Calculation : Interest calculation on daily reducing balance.
- Purpose :Construction of house, where in the plot/land already owned by the applicant OR To Purchase (new or second hand) house or flat OR To Extend/renovate/repair, the existing house or flat.
- Margin: 80% of Construction Estimate OR Agreement price of Flat / Row House OR Estimate
- Guarantors : Two.
- Prepayment Charges : No Prepayment Charges subject to closure amount will be from own funds of borrower in case of takeover of loan @ 2% on outstanding amount will be charged.
- Share Holding : @ 2.5% of Loan
- Security : Registered Mortgage of financed property / property proposed to be furnished.
- Processing Fees :@ 1 % of loan amount + applicable ST. (amount will be reduced to the extent of 0.5% in deserving cases subject to entire banking with us)
- Documents : As applicable
- Insurance: Insurance of property charged to the Bank
- Who can Apply : Individuals or Jointly (co-borrowers having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc).