Kal Housing Loan

Own house is a dream of everyone. We convert the dream to reality and make you proud owner of your own house. We provide finance up to Rs.70.00 lacs at reasonable interest rate .Drop in at any of our branches and go back with a smiling face. 

  Particulars
Purpose (i) For construction of Bunglow/Tenaments
(ii) For purchase of ready build flat/Tenament/Raw house
(iii) For repairing/renovation of flat/Tenament
Loan Amount  Max 70.00 Lacs or 85% of sale deed which ever is lower.
Margin  15% of sale deed ( 25% in case of House under construction )
Repayment Period 20 years
Rate of interest
Up to 25 Lacs(Priority Sector Loan)
EMI NON EMI
8.35% 8.60%

 

More than 25 Lacs

 

EMI NON EMI
8.50% 8.75%

Note: Women applicants will be eligible for further concession of 0.10% in above mentioned revised interest rates. Thus, rate of interest applicable to women borrowers for loans up to ` 25.00 lacs under EMI scheme will be 8.25% and Non-EMI 8.50 % and for loans above 25.00 lacs to women borrowers rates will be 8.40 % under EMI and 8.65% under Non-EMI scheme.

 

Processing fee Processing fees waived upto 31/01/2018 as Festival Offer.
Share linking  1% of the loan amount sanctioned ( Max. 25000/- )
Guarantee

Two guarantor possessing property and also Income tax-payer.
Waive the requirement of one guarantor for the following types of borrowers of housing loan :
1) Age above 35 years with regular, steady and proven record of income for last five years.
2) In case of professionally qualified persons with age above 30 years with minimum income of Rs 50,000/ p.m.

Security Mortgage of Flat/Tenament/Raw house/Apartment
Eligibility criteria 40% of Average monthly income be equivalent or less than proposed monthly Installment and interest after deduction of other loans EMI.

"PROVISION FOR SUBSIDY UNDER CLSS-PRADHAN MANTRI AWAS YOJANA IN ELIGIBLE CASES"* FROM HUDCO t&c apllies
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