Purchase/ construction of house/ flat
Purchase of plot and construction of house thereon**
Repairs/ improvements/ extension of the existing residential property
Highlights
Interest Rate
0%
Loan Amount
20% of the total cost of the purchase/ construction of house/ flat for loans upto Rs. 75 Lakhs
25% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 75 lakhs to Rs. 2 Crores
35% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 2 Crores.
Tenure
Min. - 5 Yrs.
Max. - 30 Yrs.
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
1 - 5 Yrs.
Fixed
13 %
Regular (Up to 30 lakh- 12%
30 lakhs to 50 lakhs - 13%
Above 50 lakhs- 13.25%)
Equitable mortgage (E.M.) of the residential property
If the house/ flat proposed to be purchased is yet to be constructed or is under construction, interim security may be required (till the period of its completion)