Happy Home Loans
If you are a resident Indian or HUF and want to purchase a house, we have an exclusive Happy Home Loan scheme to cater to your needs. The process is entirely paperless. In principle, approval can be provided in 15 minutes subject to the satisfaction of CIBIL and rating scores.
Features and Benefits
- All Resident Individuals.
- NRI ‘s can also avail the loan under KVB - Gruhapravesh.
- Purposes
- For the construction of Independent Houses.
- For outright purchase of independent houses / flats.
- For purchase of plots and construction there on.
- For take over of loans from another Bank / FI’s.
- For Improvement / Repairs / Additional construction / Renovation of existing houses or flats owned by you.
- For purchase of Plots or Flats developed by Government Authorities.
Charges and Limits
| Margin | 10% to 25% |
| Maximum Repayment Tenor | 30 Years (Including Holiday Period) - EMI |
| Maximum Holiday Period | For Construction 24 months and for an outright purchase of Flat 3 months |
Processing Charges | |
| Loans up to Rs. 25 Lakhs | Rs. 2,500/- + GST |
| Loans between Rs. 25 Lakhs & Rs. 50 Lakhs | Rs. 5,000/- + GST |
| Loans above Rs. 50 Lakhs | Rs. 7,500/- + GST |
| Primary Security | Equitable Mortgage of land & building. |
| Collateral Security | Optional (NSC / KVP / LIC Policies, Bank Deposits, Land & Building etc). |
| Guarantee | A suitable Guarantor wherever a co-applicant is not available. |
| Insurance Coverage for the Borrower | Available to the extent of loan amount with LIC, SBI Life and BSLI as SINGLE PREMIUM payable by the borrower (available if the borrower is interested). |
| Other Terms & Conditions |
|
Interest Rate
To check all Interest rate: Click here
