Housing Loan Plus (HL +)
- Loan Amount
- Meet domestic needs, medical/educational expenses to those who had availed Housing loan with the Bank.
- Age between 18 Years to 65 Years
- Borrower already having Housing Loan with our Bank with a/c run atleast for 1 year with satisfactory repayment.
- –Nil- overdues in the existing Housing Loan.
- Net take home salary shall not be less than 40% of Gross Salary.
For Salaried class
- 10 Months Gross Salary subject to maximum limit of Rs.10.00 lakhs
- Does not exceed 75% of the value of the property
- 50% of 3 years Gross Income OR Rs.10.00 lakhs OR 75% of value of the property, whichever is less.
- 120 Months. However, the entire loan shall be repaid before the borrower attains the age of 70 years.
- Continuing Collateral security of House already mortgaged