Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Individuals and Members of Coop. Housing Societies. |
Purpose |
Purchase of built up house or flat, construction of new house, repairs/renovation and addition of existing house in urban house. |
Loan Limit |
Maximum amount up to RS. 25.00 lakhs. |
Rate of Interest |
10.50% |
Margin |
25% at least. |
Repayment Period |
Maximum 15 years. |
Collateral Security |
First mortgage of House Property to be financed by the bank |