|Eligibility of borrower||
|Purpose of Loan||Purchase/Construction of residential building for his own use.|
|Quantum of finance||Up to 80% of cost of construction or purchase value Maximum ` 70.00 Lacs.|
|Share Linkage||Borrower must have Bank's Share Linkage @ 1% of the loan sanction amount.|
|Repayment period||Maximum 240 months|
|Rate of Interest||07.25 % (WEF 01-06-2021) Up to 70.00 Lacs|
Principal / Collateral Security must be covered by insurance.
Applicable Approx. Charges for above facilities.
|Title Clearance Report||2500.00|
|Valuation Report of Property||Max 0.125% of Valuation Amount|
|Legal Fees & Misc Charges||5500.00|
|Stamp Duty||@ 0.35 % of Loan amount|
|Mortgage Registration Charge||Max. Rs. 6000.00|
|Stamp charges for Loan Agreement||@ 0.25% of Loan amount|