|Eligibility of borrower :
- Borrower must be a member of the Bank.
- Have good reputation and credit worthiness.
|Purpose of Loan :
||Purchase/Construction of residential building for his own use.
|Quantum of finance :
||Up to purchase value ( 80% of Sale deed) & 70% of Construction work) Maximum Rs. 30.00 Lacs.(Repairing purspose Rs. 5.00 lac)
|Share Linkage :
||Borrower must have Bank's 1 share & 5% BANK FD of the loan sanction amount.
|Repayment period :
||Maximum 180 months
|Rate of Interest :
- Registered mortgage property purchase/constructed out of the Bank finance.
- Third party guarantee of one personal guarantors having, own property & good Credit worthiness and financially sound and member of the Bank.
(B.O.D. reserves right to change according to repayment capacity of applicant).