Maha Super Housing Loan Scheme : for Construction/Acquiring of new or existing house/flat and extension of existing house/flat
S.No | Particulars | Scheme guidelines | |||||||||||||||
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1 | Purpose |
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2 | Eligibility | Individual salaried employees/ self-employed professionals/Businessman / Agriculturist | |||||||||||||||
3 | Eligible Quantum of Loan | Maximum loan amount will be lowest of loan amount assessed on the basis of
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4 | Loan to value and Margins Norms |
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5 | Moratorium Period | Maximum 36 months. However interest may be capitalized for a maximum period of 18 months thereafter Interest to be serviced as and when applied | |||||||||||||||
6 | Repayment period | Maximum Repayment period of 30 years or on borrower reaching the age of 75 years whichever is earlier. | |||||||||||||||
7 | Rate of Interest | ||||||||||||||||
8 | Deduction | For salaried individuals. Up to 75% based on latest monthly income For Non-Salaried Individuals Up to 75% based on average annual income | |||||||||||||||
9 | Security | Equitable / Registered Mortgage of Property. | |||||||||||||||
10 | Processing Fee | 0.25 % of the loan amount (Subject to max. of Rs. 25,000/-) Full waiver of Processing Fee for Govt. /State /Central Government / Public sector Employees in case of Takeover Loans | |||||||||||||||
11 | Inclusion of cost of Solar Photo Lightening System /Rooftop Solar plant | The cost of rooftop Solar Photo Voltaic System / Rooftop Solar plant may be included in the cost / agreement of sale value |
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