Commercial Housing Loan (CHL)

1.	Purpose	Purchase of a ready built house/ Flat/Flat under construction for 3rd unit onwards. Construction of house for 3rd unit onwards. Purchase of site and construction of a house thereon for 3rd unit onwards. undertaking extension, repairs, renovation, up gradation, creation of additional amenities for 3rd unit onwards. For Taking over the HL liability from other recognized Financial Institutions/ Banks for 3rd unit onwards.
2	Eligibility	Individuals who are salaried/ professionals/ SE & NP / NRI /pensioner who have adequate repayment capacity supported by Proof viz, Salary slips/Form 16 and Income Tax Returns. Property proposed for mortgage to stand in the name of applicant/s.
3	Security	Mortgage of the property being financed. Collateral: on case-to-case basis.
4	Margin	Up to Rs.20 lac - 15%. Above Rs.20 lac up to Rs. 75 lacs - 20%. Above Rs.75 lacs-25%.
5	Rate of interest	Prevailing card rate.
6	Repayment	Maximum up to 30 yrs.
7	Other Benefits	Borrowers with good track record are eligible for Top-up and Personal loan.

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Purpose