| Exclusive features |
 |
 |
Competitive rate of interest |
|
|
Early processing |
|
|
Speedy service |
|
|
Free personal Accident Insurance Coverage |
|
|
Property Insurance Service at request |
|
|
Eligible for Income-Tax concessions |
|
|
Convenient repayment terms |
|
| Loans available for Purchase of: |
|
 |
Apartment / house |
|
|
Land and construction of House |
|
|
Additions / modifications to existing house / apartment |
|
| Eligibility: |
|
|
Government / corporate sector employees |
|
|
Professionals / business persons with a gross income of not
less than Rs. 1,00,000 per annum (as per latest IT returns) |
|
|
Borrower's spouses regular income, if any, will also be taken
into account |
|
| Amount of Loan |
|
|
Salaried employees : 3 times latest gross income |
|
Business / professionals : 5 times latest net income subject
to maximum of Rs. 15 lacs or 85% of cost of property, whichever
is less. And only 70% in case of second hand apartment. |
|
| Margin |
|
| 15% of cost of new / old house / new flat or construction of extension / improvement of existing house / flat and second hand house / flat. |
|
| Rate of Interest |
|
| Attractive interest rates are available for this scheme |
|
| Processing fee |
|
| 1% of Loan amount upfront |
|
| Repayment |
|
| Within a period of 15 yrs in equated monthly instalments (EMI). EMI for Variable Rate of Interest will be calculated based on the rate applicable at the time of sanction. |
|
|
| Please note that this scheme is available only at select branches. |
|
| Click here to get more details about Sree Griha Housing Loan. |
|
