HOUSING LOAN FOR PURCHASE OF A HOUSE APARTMENT OR FLAT

This facility is available for the purchase of new / under construction home from Developers or Authority.

• Loan amount: Upto Rs. 30 Lacs
• Maximum Loan to Value:

  Loan Amount	Maximum Loan to Value
  Upto Rs. 30,00,000	90% of property value

• 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)
• Repayment: Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
• Tax benefits: Tax deduction subject to a maximum limit of Rs 2 Lacs for interest payments and up to Rs 1.5 Lacs for principal repayment. Tax benefit can be shared between co-borrowers subject to certain conditions.