HOUSING FINANCE For repair/Addition/Alteration/under Priority

Sr. No.	Particulars	Details
i	Eligibility	Any individual member of the Bank.
ii	Type of Facility	Term Loans
iii	Limit	Up to a maximum of ₹15.00 Lacs, subject to repaying capacity of the borrower. Also limited to 48 times the monthly income of the applicant.
iv	Purpose	Repair/Addition/Alteration of existing house.
v	Rate of Interest	9.50% p.a. (subject to change from time to time)
vi	Other Charges	As per Bank’s rules from time to time.
vii	Repayment	Repayable within a maximum period of 120 months.
viii	Sureties	Two sureties of good means as per bank’s discretion.
ix	Security	Equitable mortgage of freehold respective immovable property.
x	Documentation	All usual loan documents as per Bank’s rules.
xi	Other Conditions	a) Estimated cost of repairs, additions (including material, labour, and other costs) must be provided. b) Borrower must submit proof of income (ITR, salary certificate/pay slip, or affidavit of income). c) The house should be in the name of the borrower, their spouse, parents, or in-laws (for female borrowers). Total dwelling unit cost must not exceed ₹63.00 Lacs. d) Loan is only for properties intended for residential use.