Corporate Employees :
Housing Loans (for Construction / Purchase / Extension / Renovation of House / Flat) are available at Concessional Terms for Employees of Approved Corporates (Click here for list) with whom the Company has a tie-up. Any of the following concessions are applied selectively or in combination depending on the tie-up which can be ascertained from the Nodal Area Office from where the proposal originated.

Scheme is open for employees of Public Sector Undertakings, Reputed Public/ Private Limited Companies with atleast 50 employees. The Scheme can be made applicable to the employees after a Tie-up arrangement is finalized.

a) Repayments by Equated Monthly Instalment (EMI)
b) Floating Rate of Interest will be reviewed twice a year in January
and July every year.
c) The rates indicated here are 0.25% lesser than the normal schemes.

Upfront Fees payable will be of only 0.50 % of the Loan Amount, subject to a maximum of Rs.10000/- .


Recovery of monthly EMIs through Salary Deduction.
Joint Declartion by Employer and Employee for Deduction of EMI from salary and Recovery of Loan dues incase the employee resigns/ retires/ gets terminated.
Life Insurance policy as collateral Security may be waived.
Guarantor may be waived.

 
Staff Quarters:
Purpose : Construction/purchase of Staff Quarters.
Applicant : Reputed Listed Public Limited or PSUs.
Loan Amount : Min Rs 20 lacs - Max Rs 7.50 crores.
Loan to Property Cost : 10% of Net Worth and 70% of Project Cost.
Loan Term : 5 to 7 Years
Repayment Mode : Equated Monthly / Quarterly Instalment
Security : Equitable Mortgage and any other security.
Rate of Interest : Quoted on Application.
Front End Charges : Processing Fees : Rs.5000.
Admin Fee : 1% of amount sanctioned.

Loans for Office Premises
Purpose : Loan for Office Premises / Construction / Purchase / Repairs / Renovation of Office Premises.
Applicants : Reputed Public Ltd. or P.S.U.s
Loan Amount : Min Rs 25 lacs - Maximum 50% of Project cost subject to 5% of Net Worth.
Rate Of Interest : Quoted on Application.
Loan Term : Max. 7 years.
Repayment Mode : Equated Monthly Instalment.
Security : Equitable Mortgage.
Front End Charges : Processing Fees : Rs.5000.
Admin Fees : 1% of amount sanctioned.
Line Of Credit To Corporates
Purpose : Financing House Building Schemes of Co. employees.
Applicants : Reputed Listed Public Ltd. or P.S.U.s
Loan Amount : Min Rs 25 lacs - Max 10% of Net Worth
Rate Of Interest : Quoted on Application.
Loan Term : Max. 15 yrs
Repayment Mode : Equated Monthly Instalment
Security : Equitable Mortgage, Guarantee from individual employee, Loan agreement with the company
Front End Charges : Processing Fees : Rs.5000.
Admin Fees : 1% of amount sanctioned.
Co-Operative Societies
Purpose : Loans to individual members of Housing Co-Operative Societies of the Applicant Company.
Applicant : Co-Operative Housing Societies of Reputed Public Ltd. or P.S.U.s
Loan Amount : Min Rs 5 lacs - Max 70% of Property Cost.

Rate Of Interest : Quoted on Application.
Loan Term : Max. 15 Years.
Repayment Mode : Equated Monthly Instalment
Security : Equitable Mortgage and Guarantee from Co.
Front End Charges : Processing Fees: Upto 25 members : Rs 2500/-, and Rs 5000/- for more than 25 members.
Admin Fees : 1% of amount sanctioned