Eligibility of borrower:
- Having current/saving account holder of the Bank.
- Borrower must be a member of the Bank.
Purpose of Loan:
- Purchase/construction of residential property for his own use.
Quantum of Finance:
- Up to 70 % of cost of construction or purchase value.
- Maximum finance up to Rs. 25 Lakhs.
- Borrower must have Bank's share linkage @ 1% of the loan sanction amount.
- Loan tenure up to 120 months.
- Nominal Processing Charge.
- No Pre-payment/fore-closure charges.
- Easy Process
- Interest is to be charged on reducing balance method.
- Two Guarantors, out of one must be a non-relative guarantor.