Am I eligible for the advance?
You are eligible for the advance if you belong to one of the following categories:
Salaried Person
Professionals like doctors, engineers, chartered accountants, lawyers etc.
Businessmen who are income tax assessees.
Non-resident Indians.
Persons earning rental income.
What is the maximum duration of the advance?
You will have to repay the principal, along with the interest, within a maximum period of 180 months (i.e, 15 years).
What is the maximum advance that I can obtain?
The amount of advance is limited to such amount, the corresponding monthly instalments of which does not exceed 45% of your monthly income.
What is the interest rate of the advance?

         Amount  &  Period                                                       Interest rate
      Rs.5 lakhs and below                                              9.75%p.a (Yearly Diminishing)
      Above Rs.5 lakhs and upto 10 lakhs                     10% p.a  (Yearly Diminishing)

What are the securities acceptable for availing of the advance?
·          For the purchase of plot, the advance will be limited to 75% of the documented value of the plot.
·          In the case of outright purchase of plot and house, the advance will be limited to 75% of the documented value of the plot and house.
·          For house construction, the advance amount will be limited to 75% of the estimated
value of the house to be constructed.The land and/or house, as the case may be, will be the security  for the advance.