| Title | Norms |
|---|---|
| Purpose | Housing construction/Extension and Purchase of House/Flat/ |
| Eligibility | Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income |
| Loan Limit | Maximum 30 Lakhs for Construction |
| Repayment Period | Repayable in 180 Months EMI for Repairs |
| Rate of Interest | 12.5% P A |
| Security | Mortgage of the Property to the bank by way of Registered Memorandum of Deposit of Title deeds |
| Purpose Proof | Construction/Approved plan |
| Documentation | Prescribed Application Form with Attested Copies of Photo ID – Voter ID / Driving License / Passport / Aadhar / PAN Card Income Proof - Salary Certificate / Payslips- 3 months Form 16A issued by employer, Copy of Passbook, 3 years IT Returns & Property Legal Document |
| Purpose Proof | Construction Extension Approved plan, Estimation for construction by Registered civil engineers.Property photo ( 2 views) – property and road. |