Home Entity :

Griha Vikas
Purpose : Personal Loan for childrens' educations / marriage expenses etc.

Loan Amount : Min Rs.1,00,000 Max Rs.50,00,000.

Loan to Property Cost : 60% of the guideline value as per Sub Registrar's Office.
Minimum property value should be Rs. 5 Lakhs.

Loan Term : Upto 10 Years or Retirement Age or 70 years of Age, whichever is earliest.
Repayment Mode : Equated Monthly Instalments (EMI) - Monthly Rest Basis.
Security : 1. Equitable Mortgage of House/Flat
2. One Guarantor.
Risk Cover : Life Insurance Cover is not required but advisable in the interest of the Applicants.
Front End Charges : 1.00% of Loan Sanctioned.

This scheme is applicable to both Resident & Non-Residient Indians.

Consumer Durables :

Sampurna Griha (A)
Purpose< :Loans for purchasing Consumer Durables like Computer, TV, AC, Music System, Washing Machine, Refrigerator, Micro Oven, Cooking Range and Furniture to fresh borrowers (as a part of housing loan sanctioned).

Loan Amount : Min Rs. 25,000 Max Rs.2,00,000.

Loan to Property Cost : Not exceeding 5% of total Cost of the property including Stamp Duty and Registration Charges.
Loan Term : To be paid along with the Housing Loan sanctioned.
Repayment Mode : To be paid along with the Housing Loan sanctioned.
Security : Same security as under Housing Loan sanctioned.
Risk Cover : Any existing or new policy under any acceptable plan of insurance (issued by LIC of India), having risk cover to the extent of loan amount.
Front End Charges : 1.00% of Loan Sanctioned.

Rate Of Interest : Contact nearest Area Office for details on the Interest rates

Loans to Professionals :

Apna Office
Purpose

Loan Amount
:

:
Loans to Professional like Doctors, Engineers, Architects, Chartered Accountants, Management Consultants, Company Secretaries etc for construction / purchase / renovation of clinic or office premises.

Min Rs. 2,00,000 Max Rs.1 Crore.

Loan to Property Cost : 85% of the cost of the project.
Loan Term : 5 to 10 Years.
Repayment Mode : Equated Monthly Instalments (EMI) - Monthly Rest.
Security : 1. Equitable Mortgage of Project Land & Structures thereon.
2. One Guarantor.
Risk Cover : Life Insurance Cover is not required but advisable in the interest of the Applicants.
Front End Charges

: Upto Rs.25,00,000 : 1.00% of Loan Sanctioned (Max. Rs.20,000).
Above Rs.25,00,000 : Rs.25,000.

Rate Of Interest : Contact nearest Area Office for details on the Interest rates