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Last Updated on 16/10/2019
Subagruha Top up Loans

Eligibility

All Home loan borrowers with a satisfactory repayment track of at least one year.

Valid mortgage should have been created in favour of the Bank and registration of memorandum as well.

A borrower is entitled for top up loan after completion of a minimum of 1/3rdof the Housing Loan tenure.

Quantum of Loan

Minimum: Rs. 0.50 Lakhs

Maximum: Rs. 2.00 Crore

Margin

In case of immovable properties it is 50%, others (NSC/KVP/UTI, etc.) 25% and Life Policies (on surrender value) 10% margin to be maintained.

Rate of Interest

Retail Credit Interest Rate (Click here)

Repayment

The tenure of the loan will be in line with the original residual maturity of the Home Loan or the option exercised by customer, whichever is earlier. However the maximum age of the borrower should not exceed 70 years.

Processing Charges (Click here)

While all efforts have been made to update the information, constituents are requested to contact your nearest branch for latest details.