United Housing Loan Scheme
 A shelter which you can call your own has been
eluding you so far? Not any more. With the United Housing Loan Scheme, almost any one can
now fulfill his long cherished dream of owning a house or a flat
of his/ her choice at most attractive terms.
Eligibility:
Any individual aged 21 years or above having regular income.
Purpose:
- Purchase of land, purchase or construction of house/ flat.
- Purchase of up to 35 years old house/ flat.
- Renovation/ extension/ repair/ furnishing of house/ flat.
- Taking over of existing Housing Loan form other Bank/ Financial Institution.
- The loan is now extended to those cases also where flats are being constructed by
promoters/ developers where immediate mortgage of the property may not be possible.
Quantum of loan:
Quantum of loan depends on the cost of house/flat, application’s age, income,
repayment capacity etc. Loans of higher amount may be considered on the basis of merit of
the case. The maximum quantum of loan shall be as follows:
| Nature of applicantct |
Location
of house/ flat/ property |
| Metro |
Urban |
Semi-Urban
Rural |
Rural |
| For all Categories of Borrowers |
50 |
40 |
25 |
15 |
Enhancement of loan upto 10% may be allowed for furnishing of house/
flat
1. Margin:-
15% of the project cost in all cases upto 31.03.2010
N.B.
1. Project cost includes purchase price/ construction or extension or repair cost plus registration cost.
2. Margin is not applicable for additional loan amount towards One Time Premium of Life Insurance cover of the borrower under the Scheme.
3. Rate of Interest:- Click here to view.
Click here for United Housing Loan Form
Click here for the format of Tripartite
Agreement under United Housing Loan Scheme
Pdf format
for United Housing Loan Scheme
Pdf
format for Tripartite Agreement Form
|
