#1
30th November 2015, 05:23 PM
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Mahesh Bank Home Loan
Would you please tell how much loan amount would be sanctioned to an individual under home loan scheme of Mahesh Bank?
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#2
1st December 2015, 09:21 AM
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Re: Mahesh Bank Home Loan
Mahesh Bank offers home loan to its customers for Purchase / Construction OR Repairs / Renovations of House / Flat. Eligibility: Applicant should have regular income source . Margin: 25% of sale consideration / prevailing cost of construction per SFT / Cost of construction as per Engineer’s Estimate. 50% of estimated cost of repairs / renovation. Maximum Loan Amount: Rs. 70.00 Lacs for construction and purchase Rs. 2.00 Lacs for repairs and renovation in Rural and Semi-Urban Areas Rs. 5.00 Lacs in Urban and Metro Areas. Repayment Period: Maximum 180 Months Interest rate : Upto Rs.25 lacs 14.50% to 16% For Women borrowers upto Rs.25 lacs 14% to 16% Above Rs.25 lacs 15% to 16% For Women borrowers above Rs.25 lacs 14.50% to 16% |