Beneficiary |
Individuals & members of coop. Housing Societies. |
Purpose |
Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house |
Loan Limit |
Maximum amount up-to RS. 15.00 lakhs with 15% margin at least. |
Rate of Interest |
10.50% |
Repayment Period |
Maximum 15 years |
Collateral Security |
Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank. |
Beneficiary |
Individuals and Members of Coop. Housing Societies. |
Purpose |
Purchase of built up house or flat, construction of new house, repairs/renovation and addition of existing house in urban house. |
Loan Limit |
Maximum amount up to RS. 25.00 lakhs. |
Rate of Interest |
10.50% |
Margin |
25% at least. |
Repayment Period |
Maximum 15 years. |
Collateral Security |
First mortgage of House Property to be financed by the bank |