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Overview
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Online Money Transfer
Downloads
Customer Portal
About Us
Career
Auction
Investors
Contact Us
Housing Loans
Individual Housing Loan
Individual Housing Loan
Individual Housing Loan – Super (IHL-Super)
Commercial Housing loan (CHL)
Affordable Housing Loan
Affordable Housing Loan -Rural [AHL- R]
Affordable Housing Loan -Urban [AHL- U]
Credit Link Subsidy Scheme (CLSS) and Pradhan Mantri Awas Yojana (PMAY)
For EWS/LIG
Composite loan
Top Up Loan
Non Housing Loans
Mortgage Loan (ML)
Loan against property (LAP)
Flexi Lap
Site Loan
Loans for commercial properties
Loan against Rent Receivables
Personal loans (PL)
Loan for Children Education
CFHL Nischint – For Pensioners
Deposits
Overview
Fixed Deposit
Cumulative Deposit
Affordable Housing Loan - Rural
Affordable Housing Loan - Urban
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Housing Loans
Affordable Housing Loan - Urban
Affordable Housing Loan -Urban [AHL- U]
1.
Purpose
Purchase of Ready built House/Flat/ flat under construction.
Construction of House.
Undertaking extension/repairs/renovation/upgradation.
2
Eligibility
Areas covered: All areas falling under the Statutory Town definition of Pradhan Mantri Awas Yojana-Urban for individuals and
Income: Annual household income not exceeding Rs. 6 lacs.
3
Rate of interest
Prevailing card rate.
4
Margin
Up to Rs. 20 lac - 15%.
Above Rs. 20 lac up to Rs. 75 lacs - 20%.
5
Security
Mortgage of the property being financed.
Collateral: on case-to-case basis.
6
Repayment
Maximum term up to 30 years subject to maximum age of 70 years of applicants.
7
Other conditions
The scheme is applicable to individual housing loans sanctioned on or after 01/04/2017 and falling under Statutory Town definition of Pradhan Mantri Awas Yojana-Urban.
ROI is fixed for an initial period of 7 years. ROI would automatically shall be converted to variable interest rate for the respective risk category with annual resetting clause after the expiry of fixed tenure of 7 years.
2% plus applicable GST where the loan accounts are on fixed interest rate in case the loans are taken over by other banks/financial institutions. However, no pre closure charges will be collected if the borrowers close the loans out of their own funds.
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