A new house (under construction or ready possession)
An existing house
Construct a house on a plot of land
Pre-approved home loans
Home improvement and home extension loans
Eligibility
Eligibility
At least 21 years of age, employed or self employed with a regular income,
Residential plot resale in approved projects For both parties in First Allotment/Resale by individuals in schemes of Development authorities of each state like CIDCO, MIDC, PCNTDA, MHADB, BDA, DDA, CGEWHO, HUDA, CDA
Freehold land purchased by individuals from private parties, subject to valuation report from approved valuer
NRIs who :
a) earn their salary in a foreign currency
b) are not required to file Income Tax returns in India for their earnings abroad
c) have been in employment abroad for a period of at least 2 years
Loan Amount
Loan Amount
Rs. 10, 000 - Rs.1 crore for home loan, extension loan, loan against property (NRIs - Rs. 1 lakh to Rs. 1 crore)
s. 10, 000 to Rs. 20 lakh as Home Improvement Loan (For NRIs the limit ranges between Rs. 1 lakh to Rs. 20 lakh)
Up to Rs. 25 lakh for plot purchase. For NRIs, the maximum limit remains the same, but the minimum limit is Rs. 50, 000