Providing financial support to deserving meritorious students for pursuing higher education in India or abroad.Details
- For acquiring house site and constructing house thereon.
- For construction of house on the land already owned by the party.
- Purchase of ready built house.
- For making extension/additions to the existing house.
- For carrying out repairs/ to damaged house.
- Individuals who are in gainful employment/profession/business are eligible.
- Age of the applicant should be less than 60 years.
Quantum of Loan :
- 75% of estimated cost of construction and cost of site.
- Maximum loan limited to 72 months gross salary/ 6 times the average Annual income.
- Equitable mortgage of plot and house to be constructed.
- One Co-obligants having landed property / sufficient income from salary/other sources.
- Repayable in Equated Monthly Instalment.
- Repayment period up to 20 Years.