Purpose
  • For construction of house
  • For purchase of ready to move in flat.
  • For purchase of under construction flat
  • For carrying out Repairs/ Renovation / alterations to the house/flat.
  • To construct/ purchase 2nd Housing Unit
  • Purchase of land for construction of house.
  • Purchase of land having ready to move in building/ under construction building thereon
  • For Furnishing/interior amenities of the house/ flat.
Eligibility
  • Individuals or group of individuals (co-borrowers) aged 21 years or above, resident of Assam, who are having an assured source of regular income viz. Salaried employees, Professionals, Self Employed persons, businessman, farmers etc are eligible under the scheme.
Limit
  • For Construing/Purchase of Flat: No upper limit (need based).
  • For furnishing/interior amenities: Rs 15.00 Lakh (max)
  • For Repair/Renovation: Rs 50.00 Lakh (max)
Margin
  • Upto Rs 30.00 Lakh: Min 10%
  • Above Rs 30.00 Lakh : Min 20%
  • Above Rs 75.00 Lakh : Min 25%
  • For purchase of land for construction: Min 40%
  • For furnishing : 10%– 20%
Security

Equitable Mortgage of land and building constructed / to be constructed / to be purchased by Bank Finance.

Repayment

Upto 360 Months (30 Years) (or up to 70 Years of age)

Rate of Interest

Starts from 8.75 % p.a.

Charges

For Service Charge, Please Click here

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