House Loan
Purpose:
- For construction of Residential house on plot already owned.
- For extension/additional construction of house already owned
- To purchase ready built house/flat
- To take over existing housing loan a/c (regular a/c) from another Bank/Financial institution.
Who are eligible
- Member of the Bank Residing and employed in gainful activity in the area of operation of the Bank
- Salary earners/businessman/entrepreneur/self-employed/ professional or engaged in any of the gainful activity.
| Margin | 20% of Sale deed or valuation |
|---|---|
| Security | Mortgage of residential house/flat, for which loan availed. |
| Repayment | 240 EMIs (Maximum) |