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Eligibility
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| You would be eligible if you are : |
| An individual who is at least 21 years old |
| Employed in business or in professional practice for
the last three years |
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Based at New Delhi, Mumbai, Calcutta, Chennai,
Bangalore, Coimbatore, Ernakulam, Hyderabad, Pune, Jaipur, Amritsar,
Guwahati (Both Resident and Non Resident Indians).
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Your repayment capacity is assessed by considering
your age, income, assets, liabilities and employment, besides those
of your co-applicants.
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| Application |
You can make an application any time after
you have decided to acquire / construct a property.
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| Fees |
There is just an up-front processing fee
of 2% of the loan amount payable with your application.
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| Charge |
No commitment charges, No prepayment penalty |
| Interest |
Our interest is calculated on a daily reducing
balance. So, in effect, you pay less than what you do with
a monthly reducing balance.
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Loan Amount Interest Rate EMI\lac (15 yrs.)
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Loan Amount (in Rs)
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Rate of interest (%p.a.)
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| 2 - 10 lacs |
14.5% |
| 10 - 15 lacs |
15.5% |
| 15 - 25 lacs |
16% |
| 25 - 50 lacs |
16.5 % |
| Above Rs.50 lacs |
17% |
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| Payment Terms |
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You have an option of selecting a repayment
period ranging up to 15 years. This period should, however,
not exceed retirement age if you are salaried and 65 years
if you are self-employed. Further, the maximum tenure for
the purchase of a plot is only 5 years.
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