Housing - HDFC
To provide loans to individuals for construction /renovation/repair/purchase of ready built house.
Individual having membership under the cooperative societies Act ,those who are not qiving a pucca/semi puccahouse and those having landed property in villages and residing in villages along with monthly income details over 2100 to 7500 will be eligible for loan
The purpose of loan is for construction of new house/extension/ upgradation/ purchase of ready built houses
The maximum loan eligible will be 5 lakhs for construction of house and Rs 100000 for repair/removation of existing house
10% for construction and 30% for repair/ upgradation/ improvement
The loan should be repaid within a maximum period of 15yrs and 10yrs for repair with a grace period of 6 months. In the case of purchase ready built houses no grace period is allowed
As fixed by the apex bank in the respective loan rules in accordance with the guidelines issued by RBI?NABARD/RCS
Rate of interest
Interest rate will be fixed by KCARDB from time to time in accordance with the guidelines issued by RCS/NABARD/RBI.Please see the interest on Loans and refinance in the site
The monthly HDFC housing loan disbursement progress statement should be furnished in the prescribed format.