1. Applicant should be an Indian national.
2. Individual person of 18 years of age up to 70 years of age is eligible.
3. Independent minimum annual income should be Rs. 2.40 lakh.
4. Applicant should be share holder of the Bank.

1. To purchase / construct a new house / flat.
2. To purchase an existing (old) house / flat.
3. To extend an existing house.
4. Repair / renovate an existing house / flat.
5. For purchase of plot & construction thereon.
6. Reimbursement of investment made in housing [for items a–d] from own resources, subject to the purchase / construction being within one year.
7. Furnishings / furniture & fixtures as part of the project cost, to the extent of 10% of house construction cost or purchase cost of flat, may be considered.
8. One or more loans may be granted to an individual if he has the capacity to repay, subject to a maximum of two houses.

1. For purposes (a) to (c) above: 90% of project cost for loan up to Rs. 25 lakhs, and 85% of project cost above Rs. 25 lakhs.
2. For purpose (e) above: 65% on plot cost and 90% on construction cost if the loan is up to Rs. 25 lakhs; 65% on plot cost and 85% on construction cost if the loan is above Rs. 25 lakhs.
3. Loan amount as per eligibility determined by EMI/NMI ratio.
4. Maximum limit Rs. 140.00 lakh for purchase of new house / flat / new construction.
5. Lower of the above (a or b), c, d.
6. For the purpose mentioned at (e) above: 90% of project cost, maximum Rs. 10 lakhs if the house is in a metro city & Rs. 6 lakhs if the house is in other than a metro city.

1. Person should be a govt. / semi-govt. / public limited co. or any private job employee, who is a permanent employee (his Provident Fund / Pension fund should be deducted from his salary).
2. Businessman / self-employed / professional who is in the business / profession for at least 3 years.

In case of loan for purposes (a) to (d) above: 10% of project cost for loans up to Rs. 25 lakhs and 15% for loans above Rs. 25 lakhs.

(For purposes (a) to (d) above, project cost includes cost of construction or purchase price of flat plus GST, plus property insurance premium. If the applicant opts, the premium amount of life insurance to protect the liability against life can be considered without margin.)

In case of purpose (e) above: 35% on plot cost and 10% on construction cost if the total loan is up to Rs. 25 lakhs; 35% on plot cost and 15% on construction cost if the loan is above Rs. 25 lakhs.

Floating rate of interest as per rating score.

The Base Rate is subject to revision yearly or as per RBI directives or market conditions, as decided by the Bank.

1. Discretion for waiver of guarantee is with Board of Directors.
2. Discretion to consider the deviation in EMI/NMI ratio is vested with Loan Committee.
3. The borrower can avail subsidy under the PMAY scheme if eligible as per guidelines of the PMAY scheme.
4. The purchase cost of plot includes only the purchase price of the plot of land; other expenses such as stamp duty and registration charges will not be considered.
5. In case the loan is availed for purchase of plot of land and construction thereon, the construction should commence within 24 months of purchase of plot. The composite proposal of plot purchase and construction of house should be submitted. If the construction of house has not commenced within the said stipulated period of 24 months, the disbursed amount will be treated as loan against property, and the repayment and interest will be applicable as per terms of loan against property. It will cease to be a housing loan.
6. The cost of plot should not be more than cost of construction, i.e. 50% of total project cost.
7. The applicant can apply for purchase of plot and construction of house thereon even if the plot is already purchased; however, the value of plot will be considered as purchase cost of plot minus stipulated margin for plot purchase, or to the extent of stipulated margin money of construction cost, whichever is lower, and purchase of plot should be within one year of application.
8. For any deviation to the product guidelines, if justified, the Board of Directors has the power to consider it and, if required, review of the product can be undertaken.

Borrower's papers

1. KYC documents, 3 photographs.
2. For salary earners: three months' salary slip, two years' Form No. 16 or two years' IT returns, and last six months' salary a/c statement.
   For businessman: two years' tax returns with computation of income sheet and financials, audited or unaudited as applicable. Last one year statement of account through which the applicant routes his business transactions.
3. Property papers like Record of Right, Mutation for last 15 years, or 30 years if required in certain cases.
4. Bank empanelled advocate's title certificate in Bank's standard format for last 13 years, or 30 years in certain cases.
5. Valuation certificate from Bank's empanelled valuer if a new or old flat or house is proposed to be purchased. In case of construction or renovation, the detailed estimate of construction or renovation and the stage-wise disbursement schedule should be obtained. Further, it should be vetted by the empanelled valuer if the construction / renovation work is to be completed by other than the empanelled valuer.
6. Loan account statement for last six months, if any loan is availed and outstanding.
7. Asset & liability statement in Bank format with supporting papers.

Guarantor's papers

1. KYC documents, 3 photographs.
2. Last two years' tax returns and Form No. 16 if salaried, or computation of income with financials for current year for businessman.
3. Asset & liability statement in Bank format with supporting papers.
4. Statement of loan account for last six months, if any loan is availed and outstanding.