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Home >> Loan >> Retail Schemes >> Housing Loan
Housing Loan



1.     Purchase of land and construction of a house thereon.

2.     Construction of house, where in the plot/land already owned by the applicant.

3.     To buy built up / semi built up house or flat.

4.     To Extend/improve/repair, the existing house or flat.

5.     For Home furnishing, furniture / fixtures embedded to structure or otherwise.

6.     To buy a flat under construction or proposed to be constructed.

7.        Takeover of housing loan from other banks/ financial institutions.



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

Minimum age

Maximum age

18 years as on date of application

For salaried (with pension) & other Individuals   upto 75 years

For Salaried (Non Pensionable)                            upto 60 years or superannuation, which is earlier

Maximum Loan limit

  • Housing Loan ---No upper ceiling (*conditions apply). The maximum permissible Bank finance can be calculated on the basis of income of individual as well as joint borrower, as the case may be.
  • Home furnishing Loan --Maximum Rs. 15.00 Lacs (restricted to 30% value of existing house).



Upto Rs. 30.00 Lacs


Above Rs. 30.00 Lacs & Upto Rs. 75.00 Lacs


Above Rs. 75.00 Lacs


For Home furnishing

25% of total cost of renovation/furnishing


Net Take Home Income

Gross Annual income minus all existing deductions including IT deduction & Proposed loan installment with details as under:

Gross Annual Income

Net Take Home

Upto Rs. 5 lacs


Above Rs. 5 Lacs to Rs. 10 Lacs


Above Rs. 10 Lacs





Primary--Equitable/ Registered Mortgage of financed property/property proposed to be furnished Collateral--Nil


Rate of Interest (floating)

Click here to view Rate of Interest


Interest switchover option to existing borrowers

During the currency of housing loan, if borrower feels that the current prevailing card rate of Home loan is in favour as compared to interest actually applied in his account, he can use the switchover option.

Process fee

Click here to view Process Fee

Other Charges

Prepayment Penalty / documentation charges/ upfront fee- NIL

Repayment Period

For Home Loan -Upto 480 months, including the moratorium period of 18 months

Second home loans, takeover of home loan accounts, loan to NRI’s facility is available as per the detailed scheme

Please Click to proceed, if you fulfill eligibility

List of Documents/ Information to be provided by the applicant along with Loan Application Form.

(These documents are indicative, relevant documents be obtained on case to case basis)

Documents check List

  • Loan application Form
  • Passport size photograph of applicant, co-applicant & guarantor
  • Identity Proof
  • Aadhaar No.
  • Residence Proof
  • Age Proof
  • Income Proof
  • For Salaried: Salary certificate issued by the employer / Income Tax return.
  • For Agriculturist: Record of land holding & cropping pattern or any other proof of income.
  • For all other individuals: Last 2 yrs. Income Tax Return & computation sheet / Bank A/C statement.
  • Property documents : Title clearance report from advocate and valuation report from architect on Bank's panel.
  • In case of takeover: Copy of home loan account statement for the entire period / Certificate from the lending institution giving pre-closure amount.
  • Any other document/paper which may be necessary as per requirement of the case.

* For further details please contact the nearby branch or call at 1800-180-1235 & 0124-2340940