My Place

Purposes

1. Construction of house/flat

2. Purchase of new/old (not more than 35 years) house/flat

3. Renovation/extension/repair of house

4. Purchase of land for construction of house thereon

5. Take over of housing loan availed from other banks/FIs.

Individual and With wife as co- borrower : Rs.100.00 lac (Maximum Metro)

Margin

A. In case of individual : Min. 15% of Project Cost.

B. If spouse joins as a co-borrower : Min. 10% of Project Cost.

United Housing Loan Scheme

2. If wife is co- borrower: Rs.1 lac or 10 months gross salary, whichever is less;

3. If wife is co-borrower and a working lady or a professional: Rs.1.20 lac or 12 months gross salary, whichever is less.

2. If wife is a co-borrower: Max. 60 months;

United Personal Loan scheme

Purposes

Buying of gold ornaments, diamonds, precious stones etc. Purchase of consumer durables/household goods. Meeting of expenses for wedding, domestic trip and other personal expenses.

Eligibility

Age 18 years and above (maximum entry age - 57 years); should maintain a Savings / Current Deposit/ Term Deposit A/c with the Bank and fulfill the following criteria –

Any working woman (service holder/ professional & self-employed person) with a minimum take home salary of Rs.5,000/- per month as per salary certificate/ IT Return or any other document upto the satisfaction of the sanctioning authority or a house wife jointly with her husband/working son or daughter within the eligible limit of income.

Regular 2 years of service or 2 years in business or profession.

A co-branded Credit Card with relaxed terms will be issued, over and above the normal limit under the scheme to individual working woman (service holder/ professional/ self-employed person). The limit will, however, depend upon the discretion of the Card Issuing Authority.

Nature & Quantum of Loan

Minimum Rs.0.10 lac and Maximum Rs.0.50 lac.(may be extended upto Rs.1.00 Lac in deserving cases). If the applicant satisfies the specific conditions, loan quantum may be extended upto 1 (one) year's gross salary or Rs.1.00 lac, whichever is less and the amount of loan in such a case may be disbursed through her SB/CD Account maintained with the branch. Quotation, payment through PO and hypothecation of article shall be dispensed with in such cases. Only one account can be outstanding at any point of time.

Margin

5% of the cost of article to be purchased.

Rate of Interest

Floating interest :At BPLR + 0.25% i.e. 12.00% p.a. at present, on monthly rest.

Concession of 0.25% for a group of borrowers (minimum 10) from single organisation shall be allowed provided the employer undertakes to deduct EMI from salary and remit the same to the financing branch or the accounts are maintained under USP Scheme.

United Nari Samman Yojona