The bank gives home loans for the following purposes:
* To Construct a New House
* Purchase a New House
* Purchase a New Flat
* Fund the cost of Extension / Renovation
* Purchase of Old House / Flat (#)
* Take over from other Banks / Fls.(#).
Highlights
Interest Rate
0%
Loan Amount
For New Flat - 25%
Plot Purchase and Construction of House - 25%
Construction of House - 10%
Renovation of House below 5 Years Old - 25%
Renovation of House above 5 Years Old - 40%
Renovation / Purchase of Old Flat - 30%
Tenure
Min. - 5 Yrs.
Max. - 25 Yrs.
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
1 - 5 Yrs.
Floating
11.25 %
5 - 15 Yrs.
Floating
11.5 %
15 - 25 Yrs.
Floating
11.75 %
Fees & charges
Fees & charges
Processing Fee
1 %
Late Payment Penalty
2 %
Security
Security
Equitable mortgage of house / flat to be financed.