| Purpose | Construction/purchase (direct or in re-sale) of house/flat/ takeover of housing loans from other Banks/ Financial Institutions and/or repairs-renovations/extensions of own residence. |
| Eligibility | Salaried Employees /Businessmen/Professionals |
| Limit of loan | Depending upon repayment capacity and cost of project, Maximum Rs. 140.00 lakh |
| Basis of Advance | 80% of Cost of flat OR Cost of land & construction thereon subject to repayment capacity based on income. |
| Repayment Period | Maximum 15 years. |
| Rate of Interest | CLICK HERE FOR THE RATES |
| Processing fees | As per policy of the Bank from time to time . At present NIL. |
| Share Linkage | As applicable |
| Security | Equitable/ legal Mortgage of house property to be purchased/repaired. |
| Guarantors | As acceptable to the Bank. ( with good means) |
| Documentation | 1. Prescribed application form / duly filled in. 2. Photo Identity & Residence Proof of the Applicant & Guarantor 3. Allotment Letter /Banakhat/Esimate of Construction-Repairs-Renovation as the case may be. 4. Income proof a) or b) from below as applicable a) Salaried person : salary slips for last 6 months, ITR/Form 16 for last 3 years. Bank Statement for last 6 months b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 6 months. 5. Legal Documents for creating mortgage as per requirement |
