Term loans is provided for Purchase/construction of third dwelling unit (House/Flat) onwards and residential plot
All individual/s including who own in his/her name the land on which the proposed house is to be constructed along with construction plan duly approved/sanctioned by competent authority/body.Individuals (Singly or jointly) residing in Flat and having roof rights in his/her name. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme
|
Loan Amount |
Margin |
LTV Ratio |
|
Loans up to Rs.30/ Lakh |
15% |
85% |
|
Loans above Rs.30/ Lakhs up to Rs.75/Lakh |
25% |
75% |
|
Loans above Rs.75/ Lakh |
30% |
70% |
Maximum ceiling of loan amount is Rs 800 Lakh.
Rate of interest - 1% above NRLLR (minimum)
Maximum loan tenure ie up to 360 months. (including moratorium period of 36 months)
No personal guarantee is required.
Unified Processing & Documentation Charges:
|
UNIFIED PROCESSING & DOCUMENTATION CHARGES (Tax Extra) |
|
|
Slab Of Amount Of Finance ( In Lakh) |
PCDC Charges (Tax Extra) |
|
<= 5 |
Nil |
|
>5 & <=10 |
Rs.1000 |
|
>10 & <=20 |
Rs.2000 |
|
>20 & <=30 |
Rs.3000 |
|
>30 & <=50 |
Rs.4000 |
|
>50 |
Rs.5000 |
