Housing Loan Plus (HL +)

  • Purpose
  • Eligibility
  • Loan Amount
  • Margin
  • Repayment
  • Security

Purpose

Purpose

  • Meet domestic needs, medical/educational expenses to those who had availed Housing loan with the Bank.

Eligibility

Eligibility

  • 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.

Loan Amount

Loan Amount

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

For others

  • 50% of 3 years Gross Income OR Rs.10.00 lakhs OR 75% of value of the property, whichever is less.

Margin

Margin

  • Nil

Repayment

Repayment

  • 120 Months. However, the entire loan shall be repaid before the borrower attains the age of 70 years.

Security

Security

  • Co-obligation/guarantor
  • Continuing Collateral security of House already mortgaged