1. For Purchasing or Construction of a New House/Flat
2. Repair/Renovation/Alteration including furnishing/Consumer Durables as part of project cost to an existing house
3. Takeover of housing loans from other Bank/FI is permitted provided the possession of the house is taken, repayment has already commenced and installment have been paid as per term of sanction

1. Any individual of over 21 years of age with a steady source of income, but the loan should be fully repaid before 70 years of age.
2. Two loan may be given at different times either for the purchase/ Consturction and subsequent repair/ renovation of single property or for purchased/ Construction or Repair /Renovation of two different Properties to an individual provided that he/she has the capacity to repay.
3. Parents/Siblings/Spouse may also stand as Co-Borrower/Guarantor
4. Income of Parents/Spouse/Sibling may be Clubbed for Eligibility. if parents/Spouse/Sibling stand as a Co-borrower/Guarantor

1. Maximum Amount Rs. 150 Lakh
2. Net Annual Income wise Graded ratio EMI/NMI Ration
3. Annual Income Category Maximum Permissible
• ≤ ₹ 1.2 Lakh- Upto 20% of NMI
• > ₹ 1.2 Lakh & ≤ ₹ 3.00 Lakh - Upto 30% of NMI
• > ₹ 3.00 Lakh & ≤ ₹ 5.00 Lakh - Upto 50% of NMI
• > ₹ 5.00 Lakh & ≤ ₹ 8.00 Lakh - Upto 60% of NMI
• > ₹ 8.00 Lakh & ≤ ₹ 10.00 Lakh - Upto 65% of NMI
• ₹ 10.00 Lakh - Upto 70% of NMI
4. Equated Monthly Installment (EMI) for the purpose of computing ration will include all EMIs towards existing loans and the proposed loans, therefore, the existing EMIs should not be deducted from Gross Monthly Income for the Purpose of computing of NMI

1. 15% - For Construction of New Building
2. 20% - For Repair and Renovation
3. 15% - For Purchase of ready build house

As prescribed by the Bank, Interest will be applied on monthly compounding basis