Housing Loan
- Applicant : Individuals or Jointly (co-borrowers having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc).
- Purpose : Construction of house, where in the plot/land already owned by the applicant. To buy built up (new or second hand) / semi built up house or flat. To Extend/renovate/repair, the existing house or flat. To buy a flat under construction or proposed to be constructed
- Loan Amount : 85 to 90% of Agreement Cost (Margin has to be decided on case-to-case basis on merit.).
- Repayment : 240 Months, inclusive of Moratorium period up to 18 months. Moratorium period of completion of construction house/flat whichever is low.
- Security : Registered Mortgage of financed property/property proposed to be furnished.
- Documents : For detail documents please contact your nearest branch.
- Other : Insurance of property charged to the Bank
Customer CIBIL score |
Floating Rate of interest |
Processing Charges |
>850 |
8.00% p.a. |
NIL |
>800 to 849 |
8.25% p.a. |
NIL |
>750 to 799 |
8.50% p.a. |
*Rs.10,000.00 + ST |
>700 to 749 |
9.00% p.a. |
*Rs.15,000.00 + ST |
>650 to 699 |
9.30% p.a. |
*Rs.15,000.00 + ST |
>less than 649 |
9.50% p.a |
*Rs.15,000.00 + ST |