Housing Loans


 

Type of Loan

Housing Loan

1

Purpose

  1. Construction of New Houses
  2. Addition construction, Alteration of Existing House
  3. Outright purchase of House and  plot

 

2

Age limit

Repayment should be completed within 70 years age Subject to a minimum period of 6 years

3

Loan Limit

For construction :                                 30 Lakhs
Additional Construction/Alteration:10 Lakhs

4

Period of Loan

Minimum 6 years maximum 15 years  subject to age limt

5

Rate of Interest

12% to 14% according to quantum of loan on slab basis