Non Housing Loans

225-Commercial Housing loan (CHL)

Commercial Housing loan (CHL)



Brief Terms & Conditions at a glance

1.

Purpose of Loan
3rd and 4th unit
1. Purchase of a ready built
house/ flat
2. Construction of house/ Flat
3. Composite loan
4. Extension, repairs,
renovation, up gradation etc.
5. Take over the HL liability
from other recognized
Financial Institutions/ Banks

Sl. No.Loan amount / risk
rating
ROI (floating)- Salaried &
Professionals
S1 S2 S3
1 Rs. 30 lac & below 9.50 10.00 10.75
2 Above Rs. 30 lac 10.00 10.25 11.00

Sl. No.Loan amount / risk
rating
ROI (floating)- Selfemployed and Non- Professionals
S1 S2 S3
1 Rs. 30 lac & below 10.25 10.75 11.25
2 Above Rs. 30 lac 10.50 11.00 11.50

1a.

Purpose of Loan
5th unit onwards
1. Purchase of a ready built house/ flat
2. Construction of
house/ Flat
3. Composite loan
4. Extension, repairs,
renovation, up
gradation etc.
5. Take over the HL liability from other recognized
Financial
Institutions/ Banks

Sl. NoLoan amount / risk ratingROI (floating)- Salaried & ProfessionalsROI (floating)- Selfemployed and Non- Professionals
S1 S2 S3 S1 S2 S3
1 ₹.30 lac & below 11.25 11.50 12.00 12.00 12.25 12.50
2 Above ₹.30 lac 11.50 11.75 12.25 12.25 12.50 12.75

2

Who is eligible

All individuals who are salaried/professionals/businessmen/self-employed/NRI/Pensioners who have adequate repayment capacity.

3

Quantum of loan

75% to 85% of the project cost subject to repayment capacity and sufficient net take home income.

4

Repayment period

For salaried individuals – 5 years to 30 years.
For professionals – 5 years to 25 years.
For NRI – 5 years to 15 years.
For business class – 5 years to 20 years.

5

 

 

6

Disbursement

In the case of purchase of house/flat, on the date of registration, and in the case of construction/repairs/renovation/up-gradation/extension, 
as per the progress of work. 

7

Security for the loan

Equitable mortgage of the residential property being financed.

8

Collateral security

Depends up on case to case basis.

9

Stamp duty

As laid down in The State Stamp Act of the respective state government.

Note: For details regarding Processing charges, other charges and other Compliances, please contact your nearest branch.



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