IB HOME ENRICH
Target Group | Resident individuals having steady source of income – Salaried Class, Businessman, Professional & Self-employed people, and Pensioners
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Purpose | Repairs /Renovation of the residential dwelling unit. |
Eligibility | Individual owning a residential dwelling unit in their name and supported by copy of the latest Tax paid certificate /sale deed/Gift deed /mutation certificate/Partition deed |
NTHP and Income criteria | As applicable to Home loan to individuals |
Age | Min.Entry Age -18 years Max.Entry Age -65 Years
Max .Exit Age -70 years |
Quantum of Loan | Minimum – Rs. 1 lakh
Maximum – Rs.10.00 lakhs Maximum loan limited to 70 % of the Security or 70 % on estimated cost of repairs and renovation whichever is lower |
Margin | 30 % |
Interest Rates | Click here |
Processing fee | Click here |
Repayment | Ten years subject to maximum exit Age of 70 years |
Prepayment charges | NIL |
Holiday period | Holiday period is allowed till completion of Repairs and Renovation or Three Months from the date of disbursement of the loan whichever is earlier. However holiday period interest has to be serviced every month compulsory |
Security |
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Documents to be submitted for processing the application |
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Other Terms |
Under Sec.24 of IT Act , income Tax benefit up to
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( अंतिम संशोधन Sep 29, 2021 at 05:09:10 PM )


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