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Home >> Personal Banking >> Loan Products >> Housing Loan
Housing Loan

Loans to fulfill your dream....
... to own a home...sweet home . !

Planning to own a home is one of life's most rewarding challenges.
Plan building a home / buying a flat.
Leave the financing to us.
We have the right housing finance scheme for you..


For taking over of the Housing Loan liability from other recognized Housing Finance Companies, Housing Boards and Commercial Banks at our prevailing low rate of interest.


  • Salaried individuals, individuals engaged in business / professionals and self-employed persons.

  • Persons above the age of 55 years are also eligible subject to certain stipulations of RBI.

How much you are entitled to :

We finance upto:

  • 4 years of gross salary to salaried individuals.

  • 4 years' gross annual income to individuals engaged in business or to self-employed persons.

  • Selectively loan upto 5 years' gross salary/ income also permitted

  • Rs.15.00 lacs for repairs / renovations.

What is your contribution?

Amount of Housing Loans New House / Flat Old House / Flat
Upto Rs. 20 Lakhs 20% 20%
Above Rs. 20 Lakhs and Upto Rs. 75 Lakhs 20% 25%
Above Rs. 75 Lakhs 25% 25%

Rate of Interest

Please visit interest rate page for current rates.


  • Mortgage of House / Flat


  • In convenient equated monthly instalments upto 30 years or borrower attaining age of 70 years whichever is earlier (subject to conditions).

Processing Charges:

  • Nominal processing fee of 0.50% (Min Rs.1500/- and Max. Rs.10,000/-) is charged. (Waived during Retail Loan Festival period valid till 31.01.2015).

Prepayment :

At your choice. In case of take over of liability by other banks / HFIs, no prepayment penalties in respect of Housing Loans carrying floating rate of interest.

Documents / Formalities:

  • Stipulated Loan Application with 2 passport size photos of applicant / guarantor

  • Sale Deed

  • Agreement for Sale

  • Copy of the approved plan for the proposed construction / extension / addition

  • Detailed cost estimate / valuation report from Bank's Panel Chartered Engineer / Architect

  • Allotment letter of Co-operative Housing Society / Apartment Owners' Association / Housing Board / NOC from the Society / Association / Builders / Housing Board

  • Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary

  • Salary Certificate and Form No.16 (in case of salaried persons)

  • IT Returns filed for the past two years (in case of non-salaried persons)

  • A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed)

  • Balance Sheet and P&L Account for the past three years (in case of self-employed)

For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.

Frequently Asked Questions on Housing Loan Scheme

Click here to see details of approved housing projects

Click here to see Applicable Rates of Interest

Click here to see E M I Calculator

Click here to see Facility of On-Line Application