Housing Loans

Our housing loan offerings are targeted towards formal, informal and semi-formal income segments and are provided for purchase/construction of plots, purchase/construction of house, improvement/restoration/extension of home.

These loans range between 200,000 and 5,000,000, with a repayment tenure that ranges between 36 to 240 months. The rate of interest charged ranges between 9.00% and 14.00% per annum with the interest being charged on reducing balance.

These are top-up loans that are offered for any purpose other than housing. The loan amount ranges between 200,000 to 2,500,000 with a repayment tenure that ranges between 36 months to 180 months. Interest rate charged ranges between 9.50% and 14.50% per annum with interest being charged on reducing balance.

These loans are offered for purchase/ construction/ extension/ improvement of home and is extended to borrowers belonging to economically weaker sections/ lower income group/ and middle income group segment. It is a credit linked subsidy scheme under the Pradhan Mantri Awas Yojna whereby eligible borrowers are provided a subsidy by the government on the interest component of the loan to make the home loan affordable to borrowers.

We offer the facility to transfer the balance of an existing home loan through the home loan takeover facility. The new loan new loan after takeover is for an amount ranging from 500,000 to a maximum of 10,000,000. The tenure for such loans range from three years and maximum of 30 years. Interest rate starts from 9% per annum with interest being charged on reducing balance.