Housing Loan

Housing Loan

Eligibility of borrower
  • Borrower must be a member of the bank.
  • Borrower must have good reputation and credit worthiness.
  • Have sufficient score in CIC Reports
  • Must comply with the KYC norms and having savings account holder of the bank
Purpose of loan Purchase /construction of residential building for her own use
Quantum of finance Up to 80% of panel valuers valuation report or deed agreement whichever is higher
Share linkage 10 Shares
Repayment period Maximum 240 months
Security
  • Simple mortgage property purchased / constructed out of the bank finance
  • Third party guarantee of two personal guarantors having good credit worthiness and financially sound persons.
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