Purpose

• Any bonafide purpose other than speculative

Age of applicant

• Entry age is 18 years and exit age is 70 years

Eligibility

• Salaried: Permanent employees of Govt. / Pvt. / Public Ltd companies with min. 3 years completed service
• Others: Self employed / Professionals / Traders / Business men who are Income Tax Assessees

Income Criteria

• Salaried:Minimun salary of 15000/-
  
• Others: Installment should not exceed 50% of Net profit and Depreciation amount
• Agric. Income to the extent declared in IT return or as per Tahasildar certificate. Spouse income can be added

Take Home Pay

• 40% - 50%

Location of Property

• Property should be in urban or semi urban area or situated in identified centres

Margin

• 100%

Security

• Mortgage of property should be in urban or semi urban area or situated in identified centres or buildings in rural areas
• In case of property is owned jointly all the joint owners have to apply for loan or one of them can avail loan with NOC from other co-owners and co-owners to offer personal guarantee

Security coverage

• 200%

Maximum Loan

• 100 Lakhs

Repayment

• 84 EMIs - No holiday period

Rate of Interest

Please refer to Loan Interest Rates Page

Guarantee

• Suitable guarantee from acceptable persons
• In case of joint property the guarantee of co-owner should be obtained
• Guarantee by spouse of owner of property is compulsory