| Eligibility: |
Any
person/ group of persons, salaried/ self -employed / business
class/ retired jointly with employed spouse or son having
regular income and capacity to repay installments of proposed
housing loan. |
| Purpose: |
- Purchase
of ready built House/Flat, Land and construction thereon
- Repairs
and Renovation
- Shifting
/ take over of loan. (Take over of loans availed from
other financial Institutions)
|
|
Quantum of Loan |
- For Purchase
of ready built House/Flat, Land and construction thereon.
:- Maximum Rs.100.00 lacs.
- For Repair
and Renovation - Maximum Rs.10.00 lacs.
|
| Margin |
20%
for Home Loan upto Rs. 20.00 Lacs
25% for
Home Loan over Rs. 20.00 Lacs |
|
Rate of Interest upto Rs. 30.00
lac
w.e.f. 01.08.2008
|
Interest
rate %
| Repayment Period
(including moratorium period) |
Fixed |
Floating |
| Upto
5 years |
12.50 |
11.50
( RPLR + 1.50) |
| Above
5 years & upto 10 years |
12.75 |
11.75
( RPLR + 1.75) |
| Above
10 years & upto 15 years |
13.00 |
12.00
( RPLR + 2.00) |
| Above
15 years & upto 20 years |
13.50 |
12.50
( RPLR + 2.50) |
|
|
Rate of Interest above Rs. 30.00
lac
w.e.f. 01.08.2008
|
Interest
rate %
| Repayment
Period (including moratorium period) |
Fixed |
Floating |
| Upto
5 years |
13.00 |
12.00
( RPLR + 2.00) |
| Above
5 years & upto 10 years |
13.50 |
12.50
( RPLR + 2.50) |
| Above
10 years & upto 15 years |
14.00 |
13.00
( RPLR + 3.00) |
| Above
15 years & upto 20 years |
14.50 |
13.50
( RPLR + 3.50) |
|
| Repayment
Period |
- Maximum 20 years in case of
purchase/construction of house/flat/apartment inclusive
of moratorium period.
- Maximum 9 years in case of repairs
and renovations.
|
| Security |
- Equitable Mortgage of
property to be purchased out of loan.
- Bappi Patta (original) along
with fee deposit receipt at Gram Panchayat will be acceptable
as security for loan
|
| Processing
Charges |
- Loans up to Rs. 2.00 lacs -
0.50% of sanctioned loan amount
- Loans above Rs. 2.00 lacs -
1.00% of sanctioned loan amount.
|
| Foreclosure
Charges |
2
% of prepaid amount at the time of premature closure of
account. However, prepayment up to six installments will
not attract foreclosure charges. In other words, if a/c
is prematurely closed when last not more than six installments
are outstanding, the foreclosure charges will not be levied. |
|
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© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.