No matter what the purpose of your home loan maybe - for renovation, construction, purchasing a plot of land for residential use, or mortgaging existing residential property for various purposes - you will find a Home Loan facility made for you.
Residential Property |
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| Purpose of Loan: |
You can take loans for purchase, construction, extension or renovation of a new house or flat. |
| Tenure of loan: |
#Salaried: Upto 15 yrs
Self-employed: Upto 10 yrs |
| Maximum loan eligibility: |
85% of the total cost of the property |
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| Plot of Land |
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| Purpose of Loan: |
You can take loans for purchase of a plot of land for residential use. This plot must be located within municipal limits. Has to be non agricultural / non farm land. |
| Tenure of loan: |
Salaried: Upto 10 yrs
Self-employed: Upto 10 yrs |
| Maximum loan eligibility: |
75% of the total cost of the property
subject to the maximum of INR 50 lakh |
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| Against Existing Residential Property |
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| Purpose of Loan: |
You can take loans by mortgaging an existing residential property for Education, Business, Marriage, Purchase /Improvement of Property, Medical treatment and other uses. |
| Tenure of loan: |
#Salaried: Upto 15 yrs
Self-employed: Upto 10 yrs |
| Maximum loan eligibility: |
60% of the total cost of the property |
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# For GCC: Tenor between 11-15 years, minimum qualification to be Post Graduate/ Professional Qualification.# For USA and Other Countries: Tenor between 11-15 years, minimum qualification to be Diploma/ Graduate with minimum 3 years of employment abroad and Professional Qualification with 1 year of employment abroad.
* Please Note:- The maximum loan that can be given is INR 1 crore.The minimum loan that can be given is INR 5 lakh.
Minimum loan amount for loan against property is 10 lakhs. |
