| Sr. No. |
Features of the Scheme |
Brief Details of the Features |
|
1
|
Scheme Limit
|
Minimum Rs 20 Lakh
Maximum- No limit
|
|
2
|
Eligibility Criteria
|
Scheme is applicable only for Individual salaried customers.
Non salaried customers are not eligible
|
|
3
|
Review of CC
|
Annually review to be done. No review charges applicable
|
|
4
|
Calculation of Drawing Power
|
The Drawing power of CC limit to be reduced on a monthly basis in line with the principal outstanding as per repayment schedule.
|
|
5
|
Other important features
|
Customers can park any additional/ lumpsum amount.
Credits into the account will be permitted only after release of the loan amount/First disbursal.
Outstanding should never exceed DP.
Income norms, Purpose, Salary, LTV, Margin, Take away home pay, Security Norms, processing charges etc as applicable to Subhagruha Home Loan.
|
|
6
|
Top Up loan
|
Eligible
|
|
7
|
Applicable charges
|
Processing charges and service charges as applicable to current account will be applicable
|