Saturday, August 30, 2008

CENT HOME LOAN PLUS SCHEME

A scheme for Bank’s existing housing loan borrowers who are regular in repayment of loan.
Purpose

Refurbishment / renovation /furnishing of house or buying furniture /LCD TV/ Home theatre etc.

Eligibility

Existing Borrowers under Direct Housing Finance Scheme having completed minimum 3 (three) years of repayment schedule without any default.

Quantum of Loan

Depends on value of property mortgaged and amount outstanding in housing loan account, subject to maximum of Rs.5.00 lakhs.

Margin

15 % on the value of property at the time of sanction or present value whichever is lower.(including outstanding housing loan balance)

Rate of Interest

Click here to view Interest Rates

Security

Extension of mortgage on the House property for which Housing Loan was sanctioned.
Repayment

The loan has to be repaid in 60 equal monthly installments.

Processing Fee

Rs.500/-

1 comment:

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