• Construction & Purchase of house/flat
• Repairs / renovation / additions / alteration to the house/flat
• Purchase of land to construct house/building for residential purpose

• EMI should not be more than 60% of *disposable monthly income of the borrower along with that of the spouse/ other members of the family.
• *Disposable monthly income means total income of the borrower less existing obligation from FIs.
• Age of Applicant shall not be more than 60 years

• Need based Finance

• Minimum 10% (in case of construction) however, total margin including cost of land/existing building shall in no case be less than 25%.
• Minimum 25% of bank value in case of outright purchase of house/flat of the tentative Bank Value
• Minimum 40% of bank value in case of Land purchase

Residential Housing Loan for more than 1.50 crore:

• Minimum 25% in case of construction / addition / repair / renovation of the proposed cost.
• Minimum 25% of bank value in case of outright purchase of house/flat of the tentative Bank Value
• Minimum 50% of bank value in case of Land purchase

(subject to NRB stipulation)

• Competitive rate and charges (view here)

• Maximum 20 years or age of 65 years (either of joint borrowers) whichever is earlier.

• Mortgaged of property (Min 8 feet motorable access)
• In case of allotment of flat/ buildings, a tripartite agreement shall be executed amongst Developers, Borrowers & Bank
• Personal guarantee of person(s) acceptable to the Bank shall be obtained.

•  Comprehensive policy as per banks’ clause.