Purpose

• For purchase or construction or additional construction of house or flat for those who have "regular income sources but do not have documentary proof."

Age of applicant

• Entry age is 18 years and exit age is 70 years

Income

• Sufficient to meet repayment obligation

Loan amount

• Max.   10 lakhs
• Cost of Dwelling Unit:   20 lakhs

Purchase / Construction of House

• Cost of Dwelling Unit:   20 lakhs

Margin

• 50%

Rate of Interest

Period of Loan

• 10 years including holiday period

Repayment

• EMI / In case of agricultural income Half-yearly and yearly/Annual instalments can also be considered.

Take home pay

• 40% (need not observe 40% norm if leftover income after EMI is > 20,000/-)

Security

• Site and house property financed

Security Coverage

• 200%

Mortgage charges

• NIL

Processing charges

• 1.00% + GST

How to Apply

• Please contact nearest Saptagiri Grameena Bank Branch for more details