PURPOSE
- Purchase of residential accommodation like flats, bungalows, row houses, etc.
- Construction of flat / house, bungalows, etc.
- Addition / alteration to the existing residential accommodation.
LOAN AMOUNT
Maximum upto Rs.50 Lakh per beneficiary of a dwelling unit.
PERIOD
Ranging from 60 Months to 180 Months
RATE OF INTEREST
Interest is calculated on daily products.
For low cost housing loan where the market value and the agreement value, both are upto Rs. 7 Lakhs we offer a special rate of interest as follows:
| For the 1st year of the Loan |
8.50* % p.a. (Fixed) |
| For the 2nd year of the Loan |
9.00* % p.a. (Fixed) |
|
From the 3rd year onwards the floating rate prevailing at that time will be applicable.
For housing loan where the agreement value as well as the market value is higher than Rs. 7 Lakhs we offer the rate of interest as follows:
| For the 1st year of the Loan |
9.00* % p.a. (Fixed) |
| For the 2nd year of the Loan |
10.00* % p.a. (Fixed) |
| For the 3rd year of the Loan |
11.00* % p.a. (Fixed) |
|
From the 4th year onwards the floating rate prevailing at that time will be applicable.
MARGIN
15% (on agreement Value + Stamp Duty + Registration Fee + Amenities in Flat if agreement for the same is registered)
*Conditions Apply |
