- For construction of Residential house on plot already owned.
- For renovation/extension/additional construction of house already owned.
- For repair of the house.
- To purchase ready built house/flat
- To take over existing housing loan a/c (regular a/c) from another Bank/Financial institution.
Housing Loan Residential
Who are eligible
All Individuals, who are
- Member of the Bank
- Residing and employed in gainful activity in the area of operation of the Bank
- Salary earners/Businessman/Entreprenuer/self-employed/ professional or engaged in any of valid gainful activity.
- Eligible loan amount will be calculated according to the project, subject to repayment capacity of the borrower based on his income/salary.
- The maximum loan limit is 70 lakhs and will be updated as per RBI guidelines.
- Equitable mortgage of residential house/flat for which loan is availed and third party guarantee of one person.
- In 240 EMIs (Maximum)