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Quantum Min : Rs. 25,000/-
Max : Rs. 40,00,000/-
Loan amount will be arrived at after assessing the applicants repayment capacity
Margin 15% of project cost
30% if only plot is purchased
Eligibility Criteria Adult Indian citizen employed/self employed for at least 3 years
Age of applicant  should not exceed 65 years at the time of last
installment
Housing Loans for NRI's on Merit.
Security Primary security - equitable mortgage of existing/proposed property
Collateral security as may be considered necessary like personal guarantee of spouse /others or pledge of Term Deposits, LIC policies, NSC, etc
Insurance Comprehensive property insurance policy to be taken out by the applicant  in the joint names of the applicant and the Bank.
Charges 0.50% of loan amount plus mortgage and insurance charges
Repayment  Through EMI (Equated Monthly Installments) in a maximum period of 15 years, Repayment starts one month after full disbursal.
Till such time pre-EMI interest to be paid starting from one month after first disbursal.
Prepayment No pre-payment penalty
Disbursement Through Pay Order favouring the seller/builder after receipt of margin amount
Appraisal Docs
1. Attested copy of latest salary slip & Form 16 for salaried employees
2. Income tax returns for the last 3 years for self-employed persons.
3. Pass book or bank statement for last six months
4. Proof of Age and Residence
5. Copy of sale agreement /share certificate, NOC from society/builder
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