Home Loans For Resident Indians

Purpose

  • Construction of Houses on plot owned by you
  • Addition of more rooms or floors to your existing house
  • Renovation & Improvement of your house
  • Purchase of a new house

Features

  • For Agriculturists:
    • Specially Designed Housing Loans for Agriculturists.
    • Loan eligibility on the basis of land owned by you and the crops being cultivated.
    • Housing Loan in residential area of your own village
    • Loans for buying house or flat in city of your choice
  • For Salaried & Self Employed:
    • Housing Loans for homes in rural areas for Salaried persons
    • Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
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Processing Fees

Up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes

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Repayment Options

  • Flexible Loan installments Plan
  • Tranche Based EMI
  • Accelerated Repayment Scheme

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Security for the Loans

Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. Interim security may be required, if the property is under construction.

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