Eligibility
All Housing Loan borrowers including existing / new / take over cases. Loan is not permitted for any trade / business or for any other speculative purposes.
Purpose
For Personal needs/use.
Loan Amount
- Term loan – Minimum Rs. 2 Lacs & maximum: 100.00 lacs
- Overdraft Limit- Minimum Rs. 2 Lacs & maximum: 25.00 lacs
Nature of Facility
- Overdraft limit or
- Term Loan
Margin
- Nil
- However LTV of 80% and 75% on (Housing Loan + Over Draft Limit) realizable value of House / flat to be required.
Repayment
- Overdraft Limit: Account to be renewed annually.
- Term Loan: repayable in 10 years or remaining period of Housing Loan whichever is lower.
Security
- Extension of charge on the Immovable Property mortgaged/ to be mortgaged.