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
Against Existing Residential Property
Purpose of loan
You can take loans by mortgaging an existing residential property for Education, Business, Marriage, Purchase /Improvement of Property, Medical treatment and other uses.
# 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.
Minimum loan amount for loan against property is 10 lakhs.
