Personal Segment

Purpose

• Mortgage loan utilized for marriage/medical treatment/education/ foreign travel .
• The proceeds of loan is not to be used for acquisition/ development of land or construction of building space or for any speculative purpose including speculation on real estate and capital market

Age

Minimum 21 years ; Maximum: 70 years

Eligibility

Minimum Net Monthly Income of Rs. 25,000/ (or Rs. 3 lacs per annum).

Quantum of Loan

• Minimum Loan Amount: Rs. 1 lac
• Maximum Loan Amount: Rs. 25 lac
• Scheme is ONLY for Urban centre

Margin

NIL

Interest Rate 

Interest Rate structure for LAP will be as per instructions.

Purpose

Loans under the Bank’s Home Loan Scheme may be granted to individuals to enable them to:

• Purchase a plot of land and construction of house thereat
• Only purchase of land
• Purchase /construct a new house
• Purchase an existing (old) house /or extend an existing house
• Repair or renovate or furnish an existing house
• Re-imbursement of investment made from own resources during the preceding twelve months for purchase of property /construction /repairs /extension of house
• Takeover of Home Loans availed by an individual borrower from other Banks /financial institutions subject to the conditions of takeover norms

Eligibility

• In case the property holder i.e. (wife / husband) is not having independent  source of income, the income earning near relative may join as co-borrower/guarantor for the loan and his or her income can be taken for arriving at loan eligibility.
• No. of Co-Borrower: Restricted to maximum 3 (three) including spouse / children/parents/siblings.

Margin

• For house under construction upto 75 lacs: 20%
• For house/flat ready for possession upto 75 lacs: 15%
• For house under construction above 75 lacs: 25%
• For house/flat ready for possession upto 75 lacs: 15%

Interest Rate 

Interest Rate on SUPER HOME LOAN has been kept at 8.35 % per annum.

Purpose

To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations.

Age

Minimum 21 years ; Maximum: 65 years

Eligibility

GCC can only be extended to individuals who are residents of rural and semi-urban areas and having legitimate source of income. No proof of income is required.

Quantum of Loan

Maximum: Rs. 25,000/-
Loan amount should be based on the assessment of income and cash-flow of the entire household, subject to a maximum ceiling of Rs. 25,000/-

Margin

NIL

Interest Rate 

As per Bank's guidelines.