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Apply For :
Construction / Purchase / Repairing of Flat / Tenament / Raw House / Bunglows.
Loan Amount :
Max. Rs. 70.00 Lakh or 85 % of Sale Deed whichever is less
15 % of Sale Deed
For House / Flat under construction or ready possession 25 % * 15 %
At the time of stage wise disbursement and while making final payment for execution of sale deed overall margin to be maintained @ 15 %.
For the Business person under Turnover Method Margin will be 25 % irrespective of amount.
Tenure : Max. 20 years.
Automated Repayment of EMIs
Share Linking : 1% of the loan amount sanctioned (Max. Rs. 25000)
CIBIL Score is 700 & Above then ‘No Third Party Guarantor is required’.
CIBIL Score is less than 700 (Existing borrower) and enjoying credit facility for last 12 months then ‘One – Third Party Guarantor is required’.
CIBIL Score is between 625 – 700 then ‘One – Third Party Guarantor is required’.
CIBIL Score is less than 625 (New Customer) then ‘Two- Third Party Guarantors are required’.
Security : Registered Equitable Mortgage of Flat / Tenament / Raw House / Apartment.
The existing repayment obligation/s of the loan/s availed by the borrower will be added to the proposed Home Loan EMI for calculation of EMI / NMI Ratio. The said ratio must remain within the benchmark level as per the Bank’s below mentioned guidelines.
Net Annual Income
EMI / NMI Ratio
Above Rs.1.20 Lacs and upto Rs.2.00 Lacs
Above Rs.2.00 and upto Rs.5.00 Lacs
Above Rs.5.00 Lacs and upto Rs.10.00 Lacs
Above Rs.10.00 Lacs
Provision for SUBSIDY under Pradhan Mantri Awas Yojana in eligible cases
Max. Loan Amount Rs. 70.00 Lakh or 85% of Sale Deed whichever is less.