You can avail a Housing Loan to purchase a Residential Plot, House Construction, House Renovation, Independent House Purchase, ready to move in Flat, Under Construction Flat, Balance transfer of existing High-Interest Loan and to avail top-up loans.
How Much Can I Apply?
The Housing Loan can be availed up to 150% of agreement Value subject to Property Market Value.
- 90% of Market Value up to Loan amount of 30 Lakh
- 80% of Market Value up to Loan amount of 75 Lakh
- 75% of Market Value for Loan amount above 75 Lakh
How a Low Cibil Score effects Hoursing Loan process?
Cibil score is a major deciding factor in a loan approval if your cibil score is less than 650 you may face rejection, But Few Banks consider Low Cibil Score with proper justification and payment records with current repayment records.
How can I avail Home Loan with Interest Saver / OD account?
Many banks offer home loan with an interest saver facility also called Home loan with OD account. State bank of India’s Maxgain is one of the most attractive products among loan seekers.