Vijaya Kisan Home Loan

 

Purpose



Purchase/Construction of House/Flat

Renovation/Improvement of House/Flat

Takeover of housing loans from other Banks / Financial Institutions

Purchase of Site/Plot and Construction of House thereon

Eligibility



Individuals aged between 21 years and 65 years

Maximum age – 75 years i.e., age by which the loan to be fully repaid

Applicant to be agriculturist and having minimum land holding of 5 acres of irrigated land or 10 acres of dry land
Loan Quantum



Maximum Rs.15.00 lakhs and for repair and renovation maximum of Rs.2.00 lakhs

Margin: 20%
Assessment of Finance



80% of the cost of the project

Minimum net take home income – 60% whose income is less than Rs.5.00 lakhs and 50% whose income is above Rs.5.00 lakhs

Security



Mortgage of house/flat constructed/purchased out of our finance

Rate of Interest: Click Here for Rate of Interest
Processing Charges: Waived up to 31st March, 2017.
Inspection Charges: Waived up to 31st March, 2017.
Repayment Period: Maximum of 30 years.
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