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Apna Ghar Scheme

Salient Features

 Eligibility Any person/ group of persons, salaried/ self -employed / business class/ retired jointly with employed spouse or son having regular income and capacity to repay installments of proposed housing loan.
 Purpose
  • Purchase of ready built House/Flat, Land and construction thereon
  • Repairs and Renovation
  • Shifting / take over of loan. (Take over of loans availed from other financial Institutions)
 Quantum of Loan
  • For Purchase of ready built House/Flat, Land and construction thereon. :- Maximum Rs.100.00 lacs.
  • For Repair and Renovation - Maximum Rs.10.00 lacs.
 Margin
  • 20% : for Home Loan upto Rs.20.00 lacs
  • 25% : Above Rs.20.00 lacs
 Repayment Period
  • Maximum 20 years in case of purchase/construction of house/flat/apartment inclusive of moratorium period.
  • Maximum 9 years in case of repairs and renovations.
 Security
  •  Equitable Mortgage of  property to be purchased out of loan.
  • Bappi Patta (original) along with fee deposit receipt at Gram Panchayat will be acceptable as security for loan
 Processing Charges
  •  Loans up to Rs. 2.00 lacs - 0.50% of sanctioned loan amount
  • Loans above Rs. 2.00 lacs - 1.00% of sanctioned loan amount.
 Foreclosure Charges Charges 2% of prepaid amount at the time of premature closure of account. However, prepayment up to six installments will not attract foreclosure charges. In other words, if a/c is prematurely closed when last not more than six installments are outstanding, the foreclosure charges will not be levied.