#1
8th September 2015, 08:51 AM
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Central Bank of India Special Scheme Home Loan
I want to know about the Special Scheme Home Loan of the Central Bank of India so can you please give me some details about it?
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#2
8th September 2015, 09:38 AM
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Re: Central Bank of India Special Scheme Home Loan
Cent Home Loan Scheme is provided by the Central Bank of India, given below are the details of it Purpose: For construction/ acquiring of new home /flat or for acquiring existing home / flat which has remaining life of applied loan tenure plus 10 years. for repairs/renovation/alteration of existing home/flat Eligibility: Individuals, who have attained 18 years and including Cooperative Societies, having a legal, identified and regular source of income either singly or jointly with Parents, sons, spouse. NRI are also eligible for it Margin : Loan Amount Home loan as percentage of Cost of Home/flat Upto Rs.20.00 Lakhs 90% Above Rs. 20.00 lakhs – up to Rs. 75. 00 lakhs 80% Above Rs. 75.00 Lakhs 75% For repairs / renovation / alteration of existing house/ purchase of plot 75% Repayment: Maximum period of 30 years or on borrower reaching the age of 70 years 10 years in case of Repair/Renovation Rate of Interest: Base rate @ present 09.95% (Floating) Moratorium period: Maximum up to 36 months Processing Charges: 0.50% of the Loan Amount subject to maximum Rs.20,000/- |
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