Terms & Conditions |
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* In the case of salaried employees, a Salary and Service Certificate from the Employers should be submitted
* The take home pay after the deduction of the HL installment should not be less than 25% of Gross salary.
* The incomes of Husband and Wife can be clubbed together to decide the loan quantum, if they are joint borrowers.
* This loan is also considered for agriculturists.
* A loan may be considered for purchase of a vacant approved site, provided the applicant has sources of income to construct the house.
* Life cover can be taken under this loan through the Group Mortgage Redemption Assurance (GMRA) scheme.
* The premium for the policy is a single low cost premium. The premium can be included in the loan amount. |
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