Celebrating 25th Year

Urban Low Income Housing

Purpose :

• Housing Loans up to Rs. 5.00 lacs to individuals having total monthly household income up to Rs. 15000/- (borrower and co-borrowers) in respect of units situated in

  Urban Areas.



• Housing Loans means loans to eligible individuals (borrower and co-borrowers) for construction of new dwelling units /acquisition/purchase of dwelling units /

  extension or up gradation or repairs of existing dwelling units.

Eligibility :

• Direct Housing Loans not exceeding Rs. 5.00 lacs.


• Housing Loan for units situated in Urban areas.


• Individuals having total monthly household income*upto Rs. 15000/-

*household income means the total income of the borrowers and co-borrowers taken together.

Quantum of Loan :

Maximum Loan Rs.5 lacs

Tenure of Loan :

Minimum tenure of 5 years and maximum tenure of 15 years

Loan Cost Ratio :

Loan will be restricted to 75% of the estimate of construction of new dwelling units / acquisition of dwelling units / extension or up-gradation or repairs of existing dwelling units

Installment to Income Ratio

• 45% at Branch level


• Above 45% to 50% at RO Level

Security :

• Secured by mortgagable title over the land/property. the land title in the form of Patta allotted by State Governments can also be mortgaged under this scheme.


• There shall not be any requirement for seeking collateral security or guarantee from any third party as additional security.

To know about the rate of interest, please contact our nearest branch offices