No matter what the purpose of your home loan maybe - for renovation,
construction, purchasing a plot of land for residential use,
or mortgaging existing residential property for various purposes
- you will find a Home Loan facility made for you.
Residential Property
Purpose of loan
You can take loans for purchase, construction, extension or renovation of a new house or flat.
You can take loans for purchase of a plot of land for residential use. This plot must be located within municipal limits. Has to be non agricultural / non farm land.
75% of the total cost of the property
subject to the maximum of INR 50 lakh
# For
GCC: Tenor between 11-15 years,
minimum qualification to be Post Graduate/ Professional Qualification.#
For USA and Other Countries: Tenor between 11-15 years, minimum
qualification to be Diploma/ Graduate with minimum 3 years of
employment abroad and Professional Qualification with 1 year
of employment abroad.
*Please Note:-
The maximum loan that can be given is INR 1 crore.The minimum
loan that can be given is INR 5 lakh.
