Maha Super Housing Loan Scheme : Purchase of Plot & construction thereon
For purchase of plot and construction thereon.
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist
Eligible Quantum of Loan
Maximum loan amount will be lowest of loan amount assessed on the basis of
Loan to value and Margins Norms
For Purchase of Plot: - Minimum 30% of the registered value of the plot.
For construction of House (Overall project cost including value of the plot should be taken for LTV, ensuring separate margin for plot)
For Purchase of Plot – No moratorium period for Plot loan
For construction of House - Maximum of 36 months from date of first disbursement.
However interest may be capitalized for a maximum period of 18 months thereafter Interest to be serviced as and when applied
Maximum Repayment period of 30 years or on borrower reaching the age of 75 years whichever is earlier
Rate of Interest
For salaried individuals.
Up to 75% based on latest monthly income
For Non-Salaried IndividualsUp to 75% based on average annual income
Equitable / Registered Mortgage of Property.
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