Urban Housing Scheme

Beneficiary Individual 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 areas.
Loan Limit Maximum amount up-to Rs. 20.00 Lac
Rate of Intt 12.00%
Margin 25%
Repayment Period Maximum 15 years.
Collateral Security First mortgage of House Property to be financed by the bank.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.