3) Housing Loans:

Sl no. Name of scheme Total Financial Outlay Purposes Repayment Period Grace period Borrowers’ Margin Loan eligibility/Valuation norms
13 Housing-construction of new house/ purchase Rs. 25.0 lakhs for new house. Construction of new house, purchase of house Up to 15 yrs for construction/purchase of new house Construction/purchase of new house-Up to 18 months, 20% up to Rs. 200000/- and 25% above Rs. 200000/- 100% value of additional security or where the primary security is valued, 50% of value of primary security+Rs. 200000.0 max of estimated cost of building.
14 Housing-Renovation/Extension Rs. 10.0 lakhs Renovation/extension of house 7 yrs Nil 20% up to Rs. 200000/- and 25% above Rs. 200000/- 100% value of additional security or where the primary security is valued, 50% of value of primary security.