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