|Eligibility of borrower||* Having current / saving account holder of the Bank.
* Borrower must be a member of the Bank.
* Have good reputation and credit worthiness.
|Purpose of Loan||Purchase/Construction of residential building for his own use.|
|Quantum of finance||Up to 80% of cost of construction or purchase value Maximum Rs. 70.00 Lacs.|
|Share Linkage||Borrower must have Bank's share linkage @ 1% of the loan sanction amount.|
|Repayment period||Maximum 180 months|
|Rate of Interest||9.50% p. a.|
* Simple mortgage property purchase/constructed out of the Bank finance
* Third party guarantee of two personal guarantors having good Credit worthiness and financially sound and member of the Bank.