Housing Loan

Pre-Payment Charges: Nil (For Loan under floating Rate of Interest)
Repayment:
- 20 Years: For New.
- 20 Years: For Resale up to 10yrs. Old.
- 15 Years: For Resale above 10 and up to 15 years old.
Maximum Amount:
- Metro Region (Population is 50Lakh and above)
  - Loan Limit: 50 Lakh
  - Max Cost of Dwelling Unit: 63 Lakh
- Non-Metro Region (Population is between 10 to 50Lakh)
  - Loan Limit: 45 Lakh
  - Max Cost of Dwelling Unit: 57 Lakh
- Centres with Population below 10 Lakh
  - Loan Limit: 35 Lakh
  - Max Cost of Dwelling Unit: 44 Lakh

Helping customers turn their dream of owning a home into reality through affordable financing options.
Providing funds for renovations and improvements, allowing customers to personalize their homes.

Primary Security: The property being financed (house or flat) serves as collateral for the loan.
Title of Property: The borrower must provide clear title of ownership, free from legal disputes or encumbrances.
Guarantor/Co-Applicant: In some cases, a co-applicant or guarantor may be required, especially for first-time borrowers.
Insurance Requirement: The property must be insured against risks like fire, theft, or natural disasters, with the bank as the beneficiary.

Salaried Employees: With minimum past 1 year of continuous service.
Professional, self Employed persons, businessman etc.: With profit erning for at least past 2 years.
Residual Income – Rs.10,000/-. Deductions not exceeding 65%of gross earnings.
Moratorium Period 18 Months Max. for under construction
Up to 3 months for Resale Flat
No Guarantor if residual monthly income after considering EMI of proposed loan is above RS.30,000/-.
One Guarantor having monthly net income above EMI of proposed loan and net worth above proposed loan amount.

* The rate shall be (Fixed for 1st Five Years, subject to review and change after every 5 years)