Saptagiri Plot Loan Scheme


Target Group
  • Resident individuals (salaried, Business men, P&SE people having 3 yrs exp /service. Pensioners with adequate income, staff of our bank, HUF)
Purpose
  • Purchase of house plots in approved layouts
Age of applicant
  • Entry age is 18 years and exit age is 70 years
Quantum of Loan
  • Salaried: 36 times of Gross monthly Salary
  • For Businessmen & P&SE People: 3 times of annual net income (average of 2 yrs)
Max Loan Amount
  • Rural Areas : 10 lakhs
  • Semi Urban : 50 lakhs
  • Urban/Metro : 75 lakhs
Take Home Pay
  • Net Take Home Pay after deducting proposed Loan EMI: 40% of Gross Pay
Margin
  • Maximum 25% of plot cost
  • Loan To Value (LTV) ratio should not exceed 75%
Rate of Interest
Please refer to Loan Interest Rates Page
Security
  • EM of house plot to be purchased and EM to be registered.
Repayment Period
  • Max 180 EMIs & No holiday period
Processing Charges
  • 1% + GST
Designed by Yaswanth Gupta Bondada & Raghav Vellore