Loan Scheme for Earnest Money

Beneficiary Any Individuals of 21 years of age and above.
Purpose To meet the financial requirement towards earnest money deposit to book residential plot/ built house or flat by Govt. Approved Agency.
Loan Limit As per scheme of the Agency.
Rate of Intt As fixed by the bank.
Margin No margin money required.
Repayment Period In case of unsuccesful candidates - On Receipt of Refund from Housing Board /Urban Development Authority etc..
In case of succesfull candidates - Lump sum Repayment . In case candidates avails Housing Loan from the Bank, earnest money can be adjusted from the the same.
No pre payment penality will be levied .
Bank may extend the period at its discretion by getting the amout of interest in advance. 
In case of delay of allotment as per scheme borrower shall repay amount in Lump sum on demand , otherwise bank will charge penalty.
Collateral Security No  Security is required. 
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.