Madhya Bihar Gramin Bank Encyclopedia

My father wants to apply for Home Loan at Madhya Bihar Gramin Bank. He wants to get information about Interest Rate for Home Loan, so tell me what is interest rate provided by Madhya Bihar Gramin Bank?

[Rajkumar Agarwal]

As you are looking for interest rates on Home Loan Scheme of Madhya Bihar Gramin Bank, so here I am giving following information:

Madhya Bihar Gramin Bank Home Loan Scheme

Eligibility to apply for Home Loan
Individuals having sufficient income. Joint owners are also eligible.
Purrpose of Home Loan
A) For construction of house
B) For purchase of built house/flat
C) Purchase of under construction house/flat
D) Purchase of land/plot for house building
E) For carrying out repairs/ renovation / alterations/ cost of furnishing to the house/flat

Margin
Parameters Margin
For All purposes except to Housing Loan Upto Rs.75 Lac 20%*
purchase of Land/Plot Housing Loan above Rs.75 Lac 25%*
Purchase of Land/Plot for House Building 40%*

Repayment
Period of Repayment is 30 Years

Extent of Loan
Purchase of Land/ Plot for House Building: Maximum Rs.50 Lac.

Rate of Inetrest
Housing Finance to Fixed Option Floating Option
Individuals
For repayment period
- Up to 5 years 10.25 9.00

- Over 5 years to 10 years 11.00 9.25

- Over 10 years to 20 years 11.25 9.50

- Over 20 years to 25 years 11.75 10.00




Here I am attaching a file that has complete information about Home Loan Scheme of Madhya Bihar Gramin Bank.