Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Individuals & members of coop. Housing Societies. |
Purpose |
Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house |
Loan Limit |
Maximum amount up-to RS. 15.00 lakhs with 15% margin at least. |
Rate of Interest |
9.00% |
Repayment Period |
Maximum 15 years |
Collateral Security |
Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank. |