• Purchase of house property
• Construction of house property
• Renovation of house property

• Individuals including NRIs, having regular income
• Age of the applicant shall not be more than 55 years
• Resident of notified statutory town and belong to either Economically weaker section or Low Income group
• The carpet area of house being constructed or being enhanced should be upto 30 Sq.m for economically weaker section and 60 Sq.m for low income groups
• For Economically weaker section, annual house hold income shall be upto Rs.3 lakhs
• For Low Income group, annual house hold income shall be upto Rs.6 lakhs

Maximum loan amount that can be availed under this scheme is Rs. 20 lakhs.

Limit

• For Residents 5 times of annual income
• For NRI - 4 times of annual income

Margin

• 20% of the total cost
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• Equitable Mortgage of land and building constructed / to be constructed / to be purchased by Bank Finance.
• The value of the property should be atleast 125% ot the loan limit.

• Tenure upto 20 years.
• Repayment holiday upto 18 months can be availed.

• Please visit Loan Interest Rates page for details