Housing loan

For Salaried employees, Businessman, Self Employed
Type of loan Housing loan
Purpose For purchase of ready built flat, Flat on resale basis & takeover of Existing housing loan from other bank,Construction of House/Bunglow independently
Repayment For salary earner 240 months
For businessman 180 months
Mode of Repayment Standing instruction from our Bank Account,Debit ECS
Margin 20 % in favour of Bank
Rate of interest 8.50% p.a.
Who can borrow Salaried employees, Businessman, Self Employed
Loan amount Maximum Rs 70.00 lakhs
Security Property to be Purchaserd / constructed with bank finance
Collateral Not required
Guarantors One guarantor acceptable to bank ( additional guarantor to be provided if required)
Subscription of bank's shares 2.5 % of the loan amount
Processing charges 0.50% of sanctioned loan amount
Other charges As per Bank's policy
Pre-payment charges No pre closure charges


12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral


To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %