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?

[Kiran Chandar]

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%