Site Loan

Eligibility Criteria:

• Individuals who are resident of India.
• NRIs holding an Indian passport.
• Minimum age Limit: 21 years .
• Income:

  
  Resident Indian:

  • Salaried Persons :Minimum gross monthly salary ₹10,000/-
  • Others : Minimum Annual gross income ₹1,20,000/-

  NRIs:

  • Salaried Person: Minimum gross monthly salary ₹40,000/-
  • Others : Minimum Annual gross income of ₹4,80,000/-

Purpose:

• Purchase of house site.

Amount of Finance:

• Up to 80% of the Registration value of the site with a maximum of ₹50 lakh.

Period of Loan:

• Maximum up to 60 months

Security:

• Mortgage of house site to be acquired
• Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor.

Repayment:

• General: In equal / equated monthly installments (EMIs).
• Agriculturist: Yearly basis including yearly interest.

Margin:

• 20 %

Rate of Interest:

• View Latest Rate of Interest

The above information is subject to terms and conditions.For more details, please contact the nearest Branch