Home Loan is provided for the purchase of land and construction of a house thereon; construction of house, where in the plot/land already owned by the applicant; to buy built up / semi built up house or flat; to Extend/improve/repair, the existing house or flat; for Home furnishing, furniture / fixtures embedded to structure or otherwise; to buy a flat under construction or proposed to be constructed and takeover of housing loan from other banks/ financial institutions.

Eligibility Criteria
Individuals or group of specified individuals (co-borrowers) who has an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc.(including Staff & NRIs )

Interest Rate




Minimum Age
18 years as on date of application

Maximum Age
For salaried (with pension) & other Individuals upto 70 years
For Salaried (Non Pensionable) upto 60 years or superannuation, which is earlier

Maximum Loan Limit
Housing Loan --- there is no upper ceiling. The maximum permissible Bank finance is calculated on the basis of income of individual and joint borrower, as the case may be.
Home furnishing Loan --Maximum Rs. 15.00 Lacs (restricted to 30% value of existing house),

Repayment Period
For Home Loan –Up to 360 months, including the moratorium period of 18 months subject to age of dwelling unit
Age of dwelling unit less than 10 Years -Maximum 30 Years
Age of dwelling Unit Older than 10 Years -Maximum 25 Years
For Home Furnishing Loan-Maximum 120 months