Providing land purchasing loan up to Rs.225000.The loan should be repaid at 5% interest rate within 144 months.
Project Details
LAND PURCHASE AND HOUSE BUILDING LOAN
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NOC
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General documents to be submit
| Maximum Loan Amount | 5,25,000/- Land Purchase : 2.25 lakhs Housing loan : 3 lakhs |
| Interest Rate | 6% P.A |
| Tenure | 144 months |
| Income | Villages :Applicants living in Panchayath area – up to 81,000/- per annum Town : Applicants living in Municipality or Corporation area – up to 1,03,000/- per annum |
Terms And Conditions
1) Minimum 3 cents of land should be purchased.
2) The applicant spouse or their children should not possess 3 cents or more land in their name. Certificate showing the same is to be submitted along with general documents.
3) The land purchase should be mortgaged to the Corporation till the loan is fully repaid.