Buying a home under construction, from select developers

• Construct/purchase a new house/flat
• Buy an existing house or flat not more than 15 years old
• Extend an existing house.
• Renovation/repairs to an existing house/flat (GRIHA SUDHAR)

Eligibility Creteria: You must be in permanent service or engaged in a profession or business to be eligible for a loan. You should have a stable job and a regular income. Loan Amount and Maximum period : The maximum loan would be Rs.50 lakhs per unit to any individual applicant. We will extend loan upto 80 % of the cost of property vaue (including Stamp duty & Registration charges) under all our Schemes except Griha Lakshmi(75%) and Griha Shobha for NRIs(75%) We grant term upto a maximum of 20 yrs (maximum 10 years under Griha Shobha for NRIs and maximum 15 years under Griha Lakshmi). The term for the loan will under no circumstances exceed the age of retirement or completion of 65 yrs of age whichever is earlier. Tax Benefits :

• Exemption under sec 88 of IT Act for repayment of principal upto Rs.10000/-.
• Deduction under Sec 24 of IT Act for interest payment on housing loans upto Rs. 75,000/-(in respect of self-occupied house property acquired or constructed with capital borrowed on or after 1.4.99, and acquisition or construction whereof is completed before 1.4.2001. Interest Rates :12 % on all amounts upto 25000 & upto 15 Years. 13 % for range (slab)from 25001 to 50,00,000 & 15 years and 14% for 16 to 20 years for same range.