Construct a home
 Buy a House or a flat
 Purchase a plot from Public Agencies
 No charges for repayment of loan ahead of schedule
 Free insurance for house or flat prop

Scheme: HUDCO Niwas Loan

Amount Range: max 15lakhs(for purchase/construction), max 5 lakhs(for plot purchase), and max 8 lakhs (for extension/ improvement)

Amount depends on: - Repayment capacity (35%of income = repayment capacity) - A maximum of 85% of the estimated cost including incidentals like stamp duty and registration

Tax Benefits: Principal and interest components of a loan as per income Tax Act, 1961 (varies from year to year)

Eligibility criteria: - minimum 21 years - must be in service / professional/ businessman with regular income Rates of interest: Upto 50,000-11.5%pa, 50,000-2lakhs-12.75%, 2-5 lakhs-13.5%