Loans
Housing Loan for Individuals (HLI)
Bank provides loans to members for house construction in a minimum rate of interest and for period up to 20 years.
Key Features & Benefits:
Disbursement in Phases - Funds released as construction progresses
Higher Loan Eligibility - Based on income and project cost
Long Repayment Tenure - Up to 20 years
Tax Benefits - Under Section 80C and 24(b) of the IT Act
Customization - Tailored for self-construction or contractor-built homes
Affordable EMIs -Competitive interest rates & flexible tenure
Eligibility Criteria:
Salaried, self-employed, or professionals with steady income
Clear ownership of the land where construction is planned
Age between 21–65 years
Good credit history and repayment capacity
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Loan Details:
| Feature | Details |
|---|---|
| Loan Amount | Based on project cost & eligibility |
| Tenure | Up to 20 years |
| Interest Rate | Starting from 9.5 to 11 % p.a. |
| Disbursement Method | In construction-linked stages |
| Collateral | Mortgage of land & future house |
Required Documents:
Personal Documents:
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Identity & address proof (Aadhaar, PAN, etc.)
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Recent salary slips / income proof
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Bank statements (last 6 months)
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Passport-size photos
Property & Construction Documents:
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Title deed or land ownership proof
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Approved building plan
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Cost estimate by civil engineer or architect
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No Objection Certificate (if applicable)
House Loan Interest Calculator
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