|Existing Home Loan borrowers (both residents & non-residents)including our staff members / Prospective Home Loan borrowers who are salaried class/ Professional and Business class.
|For purchase of household furniture, kitchen racks, cupboards, TV sets, Fridge, Computers, Wall paper provisions, lighting, interior decorations, Air-Conditioners, Kitchen Chimney, modern gadgets for kitchen / modular kitchen & piped gas supply/cost of digging of bore well with suitable water lifting devices like jet pump set, compressor, solar system and immersible pump set cost of Roof Top Solar PV Home Lighting System.
|Quantum of Loan
|Take Home pay
|As applicable to Home loan.
|15% of cost of the articles to be purchased under the loan.
|No Holiday period. Maximum 120 months.
|* Extension of Equitable Mortgage of Property mortgaged for Home Loan/EM of property for which the facility is availed. * Equitable Mortgage to be registered (at Applicant’s cost) if there is a provision for the same in the State where property is located.
CERSAI registration (at Applicant’s cost) to be done.
|Documents to be submitted for processing the application
|As detailed in our Home Loan/NRI Home Loan product. In addition to this Quotation for articles to be purchased is also to be submitted.
|• Household articles offered as security to be insured at borrower’s cost with Bank clause against fire, flood, earthquake, riot and other risks, which are normally covered by insurance companies.
• Property (offered as security) to be insured at borrower’s cost with Bank clause against fire, flood, earthquake, riot and other risks, which are normally covered by insurance companies.
( अंतिम संशोधन Sep 29, 2021 at 05:09:40 PM )