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Loans >> Home Loans >> Resident Indian >> Purchase Griha Prakash(Home Loan) Loan Amount- Min. Rs. 25,000 - Max.Rs.1,00,00,000. Loan to Property Cost- 85% of total Cost of the property including Stamp Duty and Registration Charges. Loan Term- Upto 20 Years or Retirement Age or 70 years of Age, whichever is earliest. Repayment Mode- Equated Monthly Instalments(EMI) – Monthly Rest Basis Security-                                   1. Equitable Mortgage of House/Flat  2. One Guarantor. Risk Cover- Any existing or new policy under any acceptable plan of insurance (issued by LIC of India)  on the lives of the applicants, having risk cover to the extent of loan amount. Front End Charge- 1.00% of Loan Sanctioned(As per current policy, it may differ). Griha Vikas(Loan Against Property) Purpose

      Loan against Mortgage of Residential House / Flat.       i) Children’s Education / Marriage       ii) Foreign Travel.       iii) Purchase of another Property.       iv) Business Expansion.
Loan Amount- Min Rs.5,00,000   Loan Term- Maximum 15 years
Repayment Mode- Equated Monthly Installments (EMI) - Monthly Rest Basis.   Security- 1. Equitable / Registered Mortgage of Residential Property - Age of property not more      than 35 years. 2. Demand Promissory Note.   Upfront Fees- 1.00% of Loan Amount + Service Tax, as applicable.
This scheme is applicable to both Resident & Non-Residient Indians.