“Maha Ghar” Housing Loan
Maximum Amount of Loan : Rs. 30.00 lakh
Security : Registered / Equitable Mortgage of House / Flat
Margin : 10% up to the limit of Rs. 20.00 lakh
15% above Rs.20.00 lakh
Rate of Interest : 1 Year MCLR
Repayment : Maximum 360 EMI, including moratorium
Moratorium : 18 months. Interest be capitalised during moratorium

Processing Charges

 

EWS LIG MIG-I* MIG-II*
Subsidised Loan Amount Up to Rs. 6.00 lakhs- Nil Up to Rs. 6.00 lakhs- Nil Up to Rs. 9.00 lakhs- Nil Up to Rs. 12.00 lakhs- Nil
Above subsidised loan amount Exceeding Rs. 6.00 lakhs- 50 % of the normal charges on pro rata basis with minimum amount of Rs. 2000/- Exceeding Rs. 6.00 lakhs- 50 % of the normal charges on pro rata basis with Minimum amount of Rs. 2000/- Exceeding Rs. 9.00 lakhs- 50 % of the normal charges on pro rata basis with minimum amount of Rs. 2000/- Exceeding Rs. 12.00 lakhs- 50 % of the normal charges on pro rata basis with minimum amount of Rs. 2000/-

*At present these schemes are valid up to 1 year from 01.01.2017 and will be applicable only till it exists.

Other conditions :

  1. Applicant and/or his family members should not own pucca house anywhere in India as per PMAY CLSS scheme. A declaration / affidavit should be obtained from the beneficiary to that effect.
  2. The above scheme is applicable only to eligible cases under PMAY (Pradhan Mantri Awas Yojana).
  3. CLSS subsidy received upfront under the PMAY scheme should be directly credited to the loan account under the scheme and thereafter EMI has to be revised on the basis of outstanding balance. The revised EMI will be allowed to be paid by the beneficiary. Beneficiary should be made aware of the benefit given by the Government of India and its resultant effect on EMI should be explained.
  4. All other terms and conditions normally applicable to housing loan to general public shall apply.
 
 
 
 
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