Home Equity Loan
Individuals having their own house / flat which is free from encumbrance.
Quantum of Loan :
Tenure of Loan :
Minimum tenure of 5 years and maximum tenure of 15 years
Loan Cost Ratio :
Loan will be restricted to 50% of the market value of the property.
- Maximum Loan Rs.25 lakh for Business expansion, Education/Marriage purpose, Emergency medical treatment and Foreign purpose, etc,.
- Actual loan amount will be determined after taking into factors such as repayment capacity, age, stability and continuance of income, number of dependents, co applicant's income, assets/liabilities etc.
- First charge on residential house/flat
- Age of the property not more than 25 years
- House given for security will be self-occupied
To know the list of documents required for loan approvals
To know about the rate of interest, please contact our nearest branch offices