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Purpose of Loans:

  1. For repayment of Debt or repairs/ renovations, out of which repairs and renovation max limit is Rs. 10 lakh.

Eligibility:

Minimum 3 yrs. repayment period should be completed of existing housing loans.



Loan Amount::

  1. Max Rs. 50 lakh.


Maximum loan including top-up loan should not exceed limit of Rs.70.00 lakh.

Basis of Advance:

85 % of Agreement value (+ Stamp Duty + Registration) less applicable margin as per scheme less outstanding balance Max. Rs. 50.00 lakh.


Processing fees:

  1. (No other charges such as CIBIL, FI & CERSAI.)
  2. Loans upto Rs. 5.00 lakh – Nil
    Loans above Rs. 5.00 lakh – Rs. 5000/-

Repayment period:

  1. Maximum 17 years or due date of housing loan whichever is earlier

Rate of Interest (Fixed):

  1. Fixed @ 8.00% p.a.