1

Eligibility

Individuals , Registered Company, Societies & Firms

2

Purpose

Construction of Residential or Commercial Building.

3

Maximum Loan Amount

70% of the construction cost, Max. Rs.75.00 Lakhs

(Based on the repayment capacity )

4

Repayment Period

Max.15 Years -Monthly Instalments

5

Rate of Interest

9.50 to 11.15% ( ROI applicable as and when revised by the Bank from time to time)

6

Security for the Loan

Registered Mortgage of the assets

7

Surety

•  One person for the loan upto Rs.5.00 Lakhs
•  Two persons for loan exceeding Rs.5.00 Lakhs

8

Documents to be submitted

•   Loan application in the prescribed format
•   Documents as per the KYC Norms
•   Title deeds & other documents of the assets
•   Plan, estimation and license for the construction.
•   Documents to assess the repayment capacity
•   Other loan documents