Purpose

• Construction / Purchase of Residential House/ Flat.
• Purchase of Residential Plot of land and Construction of House
• Takeover of Home Loans from other Banks/ HFCs/FIs
• Extension of the existing House/ Additional Construction
• Reimbursement of Expenses

Eligibility

• Individuals singly or jointly including ex-servicemen

Eligibility based on Repayment Capacity

For Salaried:

Monthly Income (Based on Last 3 month average)	Max Allowed Deduction (Based on last month income)
Upto Rs. 20000/-	40%
Above Rs. 20000/- and Upto Rs. 50000/-	50%
Above Rs. 50000/- and Upto Rs. 100000/-	60%
Above Rs. 100000/- and Upto Rs. 200000/-	65%
Above Rs. 200000/-	70%

Note: In case of Govt. /Semi-Govt./ PSU employee last monthly income considered as monthly income.  

For Others:

Annual Income	Max Allowed Deduction
Upto Rs. 240000/-	50%
Above Rs. 240000/- and Upto Rs. 1200000/-	60%
Above Rs. 1200000/-	75%

Interest Rate

As per ROI Circular

Most Important Terms & Conditions

Type of facility

Term Loan

Limit

If Property is situated in	Max. limit
Metro &	Rs. 300.00 Lakh
& Urban Area	Rs. 200.00 Lakh
Semi Urban Area	Rs. 100.00 Lakh
Rural Area	Rs. 25.00 Lakh (for Govt./Semi Govt. Employee Rs. 40.00 Lakh

Sanction Limit	Margin (Min.)	LTV Ratio
Upto Rs. 30.00 Lakh	10%	90%
Above Rs. 30.00 Lakh & upto Rs. 75.00 Lakh	20%	80%
Above Rs. 75.00 Lakh	25%	75%

Repayment Period

• 360 Monthly Instalments (including Moratorium Period)

Credit Information Report

• Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.

Credit life Insurance

• Group Credit Life Insurance cover for our Home Loan borrowers is available. Such insurance cost can also be financed under Home Loan, within overall eligible loan limit (subject to satisfying LTV norms on the basis of cost of project without insurance cost) The insurance cover is optional and at the cost of borrower by paying single one-time premium.