PURPOSE

For renovation of House

MAX. AMOUNT

Rs. 6.00 Lakh ( For other areas) for House Repairing & Renovation.

ELIGIBILITY

Constitution of the Borrower:- Individuals

Wherein,Repayment Capacity = Net monthly Income – (Less) minimum Take home Pay –(Less) Other Loan deduction.

House Repairing & Renovation Loan for Existing Housing Loan borrower & Others- 40 % of Net Take Home Salary / Income subject to Minimum Rs.12,000

Loan amount will not exceed 65% of market value of the Flat/House,

REPAYMENT

Upto 100 EMIs for repairing & renovation of House.

25% of Estimate

Total Loan amount should not exceed to 65% of market value in case of existing Loan for House.

MARGIN

MEMBERSHIP

Regular Member

For Sureties: Regular or Nominal Membership

SURETY

Two Guarantors

PRIME SECURITY

Equitable Mortgage of flat/shop against submission of original share certificate, Registered Sale Deed/Agreement, NOC from the society and owner of the flat should be residing in the flat.

COLLATERAL SECURITY

FD’S Or LIC

SERVICE CHARGES

As per Service Manual charges.

SHARE LINKAGE

As per extant Shareholdings Norms

INSURANCE

Insurance of Furniture/Fixtures and Flat/House.