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Eligibility |
Individuals/Proprietary concerns/partnership firms/limited companies engaged in construction activity. |
|
Purpose |
For construction of apartments/group houses. |
|
Loan Amount |
Up to exposure limit based on cash inflows for repayment of loan. In case of construction of buildings/apartments on own sites 50% of cost of site+ construction estimates or 75% of the estimate whichever is less. |
|
Rate of interest |
Click Here |
|
Repayment |
Repayable within 35 months including gestation period of 11 months. The loan shall be repaid in lump sum on or before due date. Release permission should be obtained from bank by paying the amount loan share for the flat/house for sale of each flat/house. The loan limit shall be reduced by equalent share of loan for the flat/house before giving NOC. |
