Naini Home Loan CRE

“NAINI CRE HOME LOAN” SCHEME FOR GRANTING HOUSING LOANS FOR THIRD HOUSE ONWARDS

Purpose

Term loans is provided for Purchase/construction of third dwelling unit (House/Flat) onwards and residential plot

Eligibility:

All individual/s including who own in his/her name the land on which the proposed house is to be constructed along with construction plan duly approved/sanctioned by competent authority/body.Individuals (Singly or jointly) residing in Flat and having roof rights in his/her name. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme

Margin :

Loan Amount

Margin

LTV Ratio

Loans up to Rs.30/ Lakh

15%

85%

Loans above Rs.30/ Lakhs up to Rs.75/Lakh

25%

75%

Loans above Rs.75/ Lakh

30%

70%

Features :

Maximum ceiling of loan amount is Rs 800 Lakh.

Rate of interest - 1% above NRLLR (minimum)

Maximum loan tenure ie up to 360 months. (including moratorium period of 36 months)

No personal guarantee is required.

Unified Processing & Documentation Charges:

UNIFIED PROCESSING & DOCUMENTATION CHARGES (Tax Extra)

Slab Of Amount Of Finance ( In Lakh)

PCDC Charges (Tax Extra)

<= 5

Nil

>5 & <=10

Rs.1000

>10 & <=20

Rs.2000

>20 & <=30

Rs.3000

>30 & <=50

Rs.4000

>50

Rs.5000