Loan Against Residential Property
Purpose of this product is providing a loan against Self Occupied Residential Property to fulfill legitimate needs of the customer like business expansion, working capital requirement, to medical expenses and to fund children's education.
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Loan amount: Upto Rs. 30 Lacs
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Maximum Loan to Value:
|
Loan Amount |
Maximum Loan to Value |
|
Upto Rs. 30,00,000 |
60% of property value |
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Tenure: Up to 20 Years (However, the period shall not exceed beyond 60 years and 70 years of age of the borrower/co-borrower, respectively for Salaried and Self Employed borrowers / co borrowers)
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Repayment: Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
