Professional Documents
Culture Documents
2015 ]
Guidelines
CORP HOME
Residents/ NRIs/PIOs, aged between 18 to 65 years, either singly or jointly. Maximum of spouse + one Close relatives [Spouse, Father, Mother, Son, Daughter, Brother,
Eligibility
Purpose
Loan
Amount
Margin
Security
Repayment
Processing
Charges
Other
Conditions
Sister] with regular & independent income may join as co applicant for repayment. Employed on renewable contract is also eligible. Repayment tenor not to exceed
retirement age for salaried class & 70 years of age for others. Where property is jointly held by close relatives, all of them shall join as co applicants.
In case of CHNRI:NRI/PIOs aged between 18 to 60 years. Minimum gross annual income of the NRI/PIO & co applicant together shall be Rs.10 lakhs.
Purchase of ready built house /flat/flat under construction. Construction of house in pre-owned land. Purchase For repairs/ renovation /extension/ improvement /
of land and construction of house thereon. Take-over of housing loans from other Banks/Institution, originally furnishing of house /flat.
sanctioned for the above purposes. Reimbursement is permitted within 3 months from the date of registration.
For take-over of housing loans from other Banks/
Institution, originally sanctioned
for repairs/
In case of CHNRI : Minimum loan shall be Rs.5 lakhs.
renovation / extension /improvement/ furnishing of
house/flat.
PT [other than metro ]
PT [other than
SemiMetro
Semi-Urban
Rural
Metro
Rural
&Urban
metro ] &Urban
Urban
Loan Amount
Rs.5 cr
Rs.1 cr
Rs.50 lakh
Rs.25 lakh
Rs.20 lakh
Rs.15 lakh
Rs. 12 lakh Rs. 8 lakh
For purchase of site/land
Rs.1 cr
Rs.50 lakh
Rs.25 lakh
Rs.10 lakh
Upto Rs.20 lakh
10%
Uniform margin of 25% on project cost and the
property mortgaged to the Bank. Existing and
Above Rs.20 lakh & upto Rs.75 lakh
20%
proposed loans together shall not exceed 75% of the
Above Rs.75 lakh
25%
value of the property mortgaged to the Bank.
Mortgage of property. Third party guarantee is not mandatory. But, wherever third party guarantee is not Mortgage of house / flat. Loan upto Rs.1 lakh
obtained co obligation of spouse is mandatory . Cost of pre-owned land [other than inherited/gifted] can be EMG of house/flat may not be insisted upon. In
considered for Margin based on purchase price as evidenced by Sale Deed. In case of purchase of site and such cases, the loan shall be fully secured by
construction, site value shall not exceed 60% of project cost & loan component prescribed for site.
financial assets such as LIC Policies/ deposits/
NSCs/ KVP, subject to maintaining prescribed
In case of CHNRI: Where spouse is also residing abroad, co application of any other close relative residing in India margin against such securities.
OR suitable third party guarantee of a person residing in India to be obtained.
Maximum repayment tenor of 30 years including Maximum repayment tenor of 30 years including Maximum repayment period of 10 years, including
maximum IRH of 18 months. If age of the property is maximum IRH of 18 months. Maximum repayment maximum IRH of 6 months.
above 20 years, maximum repayment tenor is 15 years.
period under fixed rate loan is 15 years.
0.50% of loan amount, Maximum Rs.50000/-+Tax
Loan upto Rs. 50 lakhs Rs. 5000/-+Tax
0.50% of loan amount subject to a minimum of
No prepayment charges.
Rs.1000 +Tax . No prepayment charges
Loan above Rs.50 lakhs Rs. 15000/-+Tax
Max. age of the property 30 years. In case of take over -25 years. Valuation of property, once in 3 years only Max. age of the property 30 years. In case of
for NPA accounts. On prepayment EMI can be revised. Registration charges, Stamp duty, Documentation take over -25 years. Valuation of property, once
Charges, shall NOT be included in the project cost for loans above Rs.10 lakh.
in 3 years only for NPA accounts
Eligibility
Purpose
Loan
Amount
Margin
Security
Repayment
Processing
Charges
Other
Conditions
CORP VEHICLE
CORP MORTGAGE
Individuals
(Professionals/
Businessmen/
Salaried class & Others) NRIs, Sole
Proprietorships, Partnership Firms, HUFs,
Companies/ Trusts/ Institutions are eligible.
Business /Commercial/Transport operators :
repayment as per DSCR . Depreciation may be
added. Salaried person to be confirmed in
service. Repayment period should not exceed
retirement date for salaried persons and 70 years
of age for other than salaried persons.
Purchase of two/three/four wheelers/ water
transport vehicle /Heavy vehicles/ other vehicles
such as Crane/Excavator required registration.
Second hand vehicle [only four wheelers] shall
not be more than 3 years old.
Two- wheeler
Three wheeler
Four wheeler
Other Vehicle
2 & 3 wheelers
25%
Loan upto Rs.1 crore
15%
Others
above 1 crore
20%
Old Vehicle
40%
Hypothecation of vehicle.
Third party guarantee is not mandatory.
Eligible loans to be covered under CGTMSE
For 2 wheelers
For 3 wheelers
For 4 wheelers
CORP PROFESSIONAL
Eligibility
Margin
Security
Immovable Property
35% of market value
Deposits
10% balance
Life Insurance Policy
10% of Surrender value
NSC
25% of Face value
EMG of Immovable property and/or pledge of Financial
Assets and Hyp of stock/receivables.
Age of the property shall not exceed 20 years
Purpose
Loan Amount
Repayment
Processing
Charges
Other Conditions
CORP VYAPAR
CORP VIDYA
PT [other than
metro ] &Urban
Rs. 2 cr
SemiUrban
Rs. 1 cr
Rural
Rs. 30 lakh
considered for
Eligibility
Purpose
Loan Amount
Margin
Security
Repayment
Processing
Charges
Other Conditions
CORP PERSONAL
CORP MITRA
Nil
NIL
Nil
Co application of another employee /Guarantee is
mandatory. Salary of Co-applicant also should be
routed through the branch.
36 EMIs for salaried class. 60 EMIs for other than
salaried class
1.50% of loan amount +Tax. Minimum Rs.500/
Purpose
Loan Amount
Margin
Security
Repayment
Processing
Charges
Other Conditions
CORP CA & CS
CORP SHELTER
0.50% loan amount +Tax ; minimum Rs.500/Student need not be the applicant. Reimbursement
is permitted where payment has already been made
within 3 months prior to submission of loan
application.
CORP DEMAT
Individuals having shares in
their own or joint names
CORP SITE
The existing housing loan borrowers enjoying loan under Corp Home
Scheme including variants, CHNRI , Ghar Shobha Schemes. Close
relative/s as defined under Corp Home Scheme may join as co applicant/s
to supplement repayment capacity. Co-obligation of spouse is not
mandatory. Maximum of ONE co-applicant may join.
The applicant will be eligible for the loan only after completion of 12
months from the date of commencement of repayment [ in case of
takeover of loan aggregate period of 12 months] and the repayment in the
existing housing loan shall be regular at least during the preceding 12
months. The house/flat for which housing loan has been extended
should have been completed in all respects, valid mortgage has been
created and no inspection irregularities have been pending for
rectification. Borrower/s whose housing loan is regular as on the date of
applying for this loan but repaid the installments at irregular intervals, in
the past should not be considered for loan under this scheme.The
borrowers who have closed existing housing loan in normal course or
prematurely closed which were regular before such closure.
To meet any personal /domestic expenses.
Eligibility
Purpose
Loan Amount
Margin
Security
Repayment
Processing
Charges
Other Conditions
Eligibility
Purpose
Loan Amount
Margin
Security
Repayment
Processing
Charges
Other Conditions
10 years including IRH of max of 12 months. EMI/Notional interest of existing & proposed loan
together shall not exceed prescribed % of net income as per common guidelines.
1% of limit sanctioned + applicable Service Tax
The loan for acquiring shop /building to be used for self business activity only shall be considered
under the Scheme.