SLNCB - Housing Loan Scheme

Purpose
House construction / Repair / Renovation /Extension
Purchase of House or Flat

Eligibility
Should be a Shareholder of the Bank.
Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income having property pertaining to "A" khatha for Mortgage.

Nature of facility
Term Loan

Quantum of Loan minimum / maximum Limit
Maximum 60 Lakhs for Construction

Rate of Interest
9.50% P.a

Guarantor
N/A

Security
"A" khatha property with in the limits of BDA and BBMP

Processing Fee / Other Charges
0.5% on loan amount + Share -> 2.5% of Loan Amount + Share Fee -> 10 % on Share Amount + GST

Moratorium Period
6 months (Disbursment at 3 Levels) for construction

Repayment Period
180 Months

Insurance
0.05% on loan balance amount