tollfreeराष्ट्रीय टोल फ्री नंबर1800 425 00 000
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Eligibility Resident individuals & NRIs Individuals 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.

Salaried Class, Businessman, Professional and Self- employed people, Pensioners

·         having steady source of income

·         Who have put in a minimum period of confirmed service / experience of 3 years (including previous employment / experience and confirmed in the present employment).

Staff of our Bank as well as Spouse of the staff can also avail this Loan. In such case the guarantee of Spouse / Staff is compulsory.

Existing Home loan customers can also avail this loan.

Age Min Entry Age – 18 years

Max Entry Age – 65 years

Max Exit Age – 70 years

Purpose Repairs/Renovation of the Residential Dwelling Unit
Margin 30%
Quantum of loan Minimum – Rs.1.00 lakh

Maximum – Rs.10.00 lakhs

Net Take Home Pay In case Annual income of the Applicants (Individually or jointly) is up to Rs.15.00 lakhs, NTHP (after proposed loan EMI) should not be less than 40% of the Gross Annual Income.

In case Annual income of the Applicants (Individually or jointly) is more than Rs.15.00 lakhs, NTHP (after proposed loan EMI) should not be less than 30 % of the Gross Annual Income subject to the minimum Annual Take Home pay of Rs.6.00 lakhs.

Repayment Period Maximum 10 years
Holiday Period Holiday period is allowed till completion of Repairs/Renovation or 3 months from the date of disbursement of the loan, whichever is earlier. However Holiday period interest has to be serviced every month compulsorily.
Interest Rate Click here
Processing Fee Click here
Security ·         Lien on our Bank Term Deposits (except IB TAX Saver) including interest accrued net of TDS;

o   Deposits can be in the name of individual/Joint names.

o   Third party deposits can also be accepted. However, guarantee from such third party should be obtained

·         Pledge of NSCs (incl. int. acrd.), which have run for a minimum period of 3 years

·         LIC policies – Assignment of Life Insurance Policies (to the extent of surrender value of the policy) etc. LIC policies should have run for a minimum period of 3 years.

Apply for loan (Click Here)

( अंतिम संशोधन Apr 29, 2024 at 05:04:15 PM )

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