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All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510  
 
 
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Retail Loans
Retail Loan Schemes for BSNL Employees
Union Home Union Miles Union Personal

PURPOSE

  • Purchase/ construction of house/ flat
  • Purchase of plot and construction of house thereon**
  • Repairs/ improvements/ extension of the existing residential property
  • Take-over of housing loan availed from another bank / FI

ELIGIBILITY

  • Should be permanent employee of BSNL or employee on permanent deputation from Department of Telecom (DOT) to BSNL having regular source of income and having salary account with our bank.
  • Individual, either singly or jointly with other family members viz. father, mother, son and/or spouse, who have regular sources of income as co-applicants.

QUANTUM OF LOAN

  • Depending on repayment capacity of the borrower and value of property
  • Maximum Rs. 30 Lakhs for Repairs.

 

MARGIN, I.E. YOUR SHARE

  • 20% of the total cost of the purchase/ construction of house/ flat for loans upto Rs. 75 Lakhs
  • 25% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 75 lakhs to Rs. 2 Crores
  • 35% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 2 Crores
  • 20% of total cost of the repairs

MORATORIUM PERIOD

  • Moratorium period of up to 18 months.

REPAYMENT

  • Repayment period of up to 30 years
  • 10 years in case of repairs
  • Flexible methods of repayment

RATE OF INTEREST AND PROCESSING CHARGES

  • Please click here to know our latest interest rates
  • No processing charges
  • Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actuals.

PREPAYMENT PENALTY

  • There is no prepayment penalty if loan is prepaid from own verifiable sources or taken over by other banks/FIs

SECURITY

  • Mortgage of the residential property
  • If the house/ flat proposed to be purchased is yet to be constructed or is under construction, interim security may be required (till the period of its completion)

 

GUARANTEE

  • Third party guarantee is not mandatory.

INSURANCE

  • Property insurance is compulsory to the tune of the value of the property

 Validity of scheme upto 31/12/2016

**Conditions apply. For further details, please visit our nearest branch.


I would like to convey my appreciation to you for the timely assistance provided to many of our students that helped them obtain an educational loan for studying at the ISB for PGP 2009-10.
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