Saturday, 3 January 2015

HOME LOAN , PRIVATE MORTGAGE PROPERTY FINANCE - Chennai 7299870518

Scheme:



PURPOSE

1

Construction of House

2

Flat under construction

3

Repair/Renovations

4

Extension of House

5

Composite Loan

6

Purchase of ready build house / Flat

2

ELIGIBILITY

1.SC/ ST/Minorities, male or female as title holder

2. Women as title holder, either singly or jointly with co borrower, having income to service 

the loan and who satisfy our lending norms.

3. Property should be located in rural areas (i.e., with population < 50000 as per 1991 

census)

3

QUANTUM OF LOAN

construction of House/ Purchase of house

Up to Rs.500.00 lacs

Extension/renovation of the house



4

RATE OF Interest

9.60% fixed for 5 years 

5

DISBURSEMENT

On the date of Registration (in purchase)/ on construction progress wise

6

REPAYMENT

Salaried class

5 years to Maximum 30 years

Professionals

Min 5 years to Max 25 years

NRI/Business

Min 5 Years to max 15 years

7

SECURITY

Equitable mortgage of the property being financed

8

COLLATERAL SECURITY

On case to case basis

9

STAMP DUTY

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