House Loan

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What's New

EMPANELMENT OF RETIRED/RETIRING OFFICERS OF HIMACHAL PRADESH GRAMIN BANK AS WELL AS OF PNB FOR CONCURRENT AUDIT ASSIGNMENT
Tender Notice For Architectural work for New Premises of Head Office, RO Mandi and Central Stationery Centre
Request for release of Pension / Family Pension
PUBLIC NOTICE Regarding implementation of Amendments in the RRB(Employees’) Pension Regulations, 2018 in Regional Rural Banks
PUBLIC NOTICE Regarding implementation of computer increment in Regional Rural Banks (RRBs)
NOTICE: Changes in Classification of Branches

HOUSE LOAN

ELIGIBILITY:

Individuals, joint owners are also eligible

PURPOSE:

For construction of house or purchase of house or flat.
For carrying out repairs/renovation/addition/alteration to house.

MARGIN NORMS:

For house loans upto Rs75 lakh -20%.
For house loans above Rs 75 Lakh 25%.
Purchase of Land/Plot for House building 40%.

RATE OF INTEREST:

Please contact nearest branch for Present Rate of Interest.

SECURITY:

Registered mortgage of plot and house to be constructed.
Where the mortgage is not possible in case of ancestral property (lal dora) sanctioning authority may accept mortgage of some other property/pledge of government security/NSCs/KBPs/IBPs and PSU Bonds/Banks FDR/LIC Policies (Surrender value) etc. The value of security so obtained should be equal to 125% of the loan account.

REPAYMENT:

Registered mortgage of plot and house to be constructed.
Loan along with interest is to be repaid in equal monthly installments within a period of 25 years (15 years in case of repairs/renovation/addition/alteration, inclusive of moratorium period of 18 months (6 month in case of repair and renovation)