• 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 36 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 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 31/12/2018

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