Housing

Retail Loans

Housing

Schemes

Sukh Vastu

Swapna Vastu

Swapna Poorti

Purpose

For purchase of new Flat / Bungalow.
Construction of own house.

For purchase of new Flat / Bungalow.
Construction of own house.

For purchase of new Flat / Bungalow.
Construction of own house.

Eligibility

Any individual, Businessman, professional, self employed or Salaried person.

Any individual, Businessman, professional, self employed or Salaried person.

Any individual, Businessman, professional, self employer or Salaried person.

Margin

20% for first purchase of a Flat / House in new building.

20% for first purchase of a Flat / House in new building.

20% for new dwelling.

25% for purchase of a Flat / House under resale, in a building not older than 10 years.

25% for purchase of a Flat / House under resale, in a building not older than 10 years.

25% for resale dwelling.

25% for purchase of Flat / House, under resale in a building older than 10 years, but not older than 30 years.

25% for purchase of Flat / House, under resale in a building older than 10 years.

No advance to be sanctioned for purchase of Flat / House in a building older than 30 years.

No advance to be sanctioned for purchase of Flat / House in a building older than 30 years.

No advance to be sanctioned for purchase of flat in a building older than 30 years.

Loan Limit

Eligible loan amount will be calculated based on Agreement Cost relevant margin will be deducted.
Up to Rs. 10.00 Lacs per beneficiery of a dwelling unit.

Above Rs. 10.00 to Rs. 30.00 Lacs per beneficiary of a dwelling unit.

Above Rs. 30.00 Lacs to Rs. 70.00 Lacs.

Prime:
Dwelling unit to be purchased / constructed out of bank finance.

Prime:
Dwelling unit to be purchased / constructed out of bank finance.

Prime:
Dwelling unit to be purchased / constructed out of bank finance.

Collateral:
Assignment of Single Premium Term Insurance Policy on the life of the proponent/s - sum assured should be equivalent to the loan amount sanctioned with term of policy should at least the minimum up to the repayment period.

Collateral:
Assignment of Single Premium Term Insurance Policy on the life of the proponent/s - sum assured should be equivalent to the loan amount sanctioned with term should a least minimum up to the repayment period. If the loan amount is more than Rs. 25.00 Lacs then Liquid Security in the form of Term Deposit of our Bank equivalent to 10% of the loan amount sanctioned.

Collateral:
Liquid Security in the form of Term Deposit of our Bank equivalent to 10% of the loan amount sanctioned. Assignment of Single Premium Term Insurance Policy on the life of the proponent/s - sum assured should be equivalent to the loan amount sanctioned with term should a least minimum up to the repayment period.

Guarantors

Minimum two acceptable to Bank.

Minimum two acceptable to Bank.

Minimum two acceptable to Bank.

Repayment Period

15 Years maximum.

15 Years maximum.

15 Years maximum.
Terms & Conditions Apply.
Contact nearest Branch Manager for details.