Housing and Land Purchase Loans

Housing and Land Purchase Loans

Purpose: For purchasing land, adding property, or buying new homes.

Maximum Loan Amount: Rs. 30 lakhs, with total wages not exceeding 10% of the remaining debt.

Loan Period: Up to 5 years

Grace Period: Up to 3 months, with interest payments required according to the specified schedule.

Interest Rate: Subject to periodic adjustments by the Interest Rate Committee.

Payment Method: Repayment can be done monthly, quarterly, or as agreed upon.