||85% value of House but maximum Rs.
|Period of Loan
||Maximum 15 years
|Rate of Interest
- The term of the loan will be considered
depending on the remaining years of
- Average Monthly Income as per Income
Tax return of last 2 years
- To purchase new or old residential house property
- To extend/improve existing house
loan would be secured by equitable mortgage
of the property financed, by way of depositing
of title deeds. One personal guarantor
is required. Mortgage procedure shall
be done by the bank's approved advocate.
Registration fees of Equitable mortgage in case,
loan amount is more than Rs. 3 Lacs
, Legal charges and cost of stamp
papers and valuation charges in case of old
house property .
If the loan installment is not paid as
stipulated, 3% penal interest will be