Target Groups:

ü   All salaried individual working in government, semi government, autonomous, govt. corporations and private organizations etc.

ü All professionals like Doctors, Engineers, Bankers, Chartered Accountants, Cost & Management Accountants, Chartered Secretaries and Teachers etc.

ü Self-employed people along with salaried individuals.

Loan Term and Amount:

ü  In case of land purchase and construction: Loan amount will be 30% for land purchase and 70% for construction.

ü  In case of construction: Loan amount will be up to 85% of the construction cost if the group already has the land.

ü  Loan period will be up to 20 years depending on the age of the applicants (Not over 65 years).

ü  IIR will be within 50% calculated on combined income of the applicants & Co-applicants.

ü  Applicants & Co-applicants will provide security cheques for their share of loan.

ü  Registered Partition Deed.

ü  Property will be mortgaged favoring National Housing.

ü  All other terms will remain same as regular practices.

ü  Loan will be disbursed in phases depending on the progress of the construction.