Housing loan at Sharada Bank, Where dream comes to reality !!
For construction of house/flat
I. Salaried Employees / Businessmen having regular source of income.
Loan Amount :
As per bank's rules & repayment capacity of the borrower.
|90% loan of Package cost excluding GST.|
Rate of Interest
(Priority) - 8.00%
(Above Priority) - 8.50%
Within 180 month's by EMI. Repayment will commence from the next month of disbursement. However in case of a house /flat under construction, the repayment will commence one month after the occupation of the flat / house or 18 months from date of advance, whichever is earlier. In such cases, monthly interest has to be serviced till the regular repayment commences.
Equitable / registered mortgage of the house / flat to be purchased from Bank Loan
2 guarantors acceptable to the Bank
In case of existing loans preferably same guarantors be proposed.
In addition to the above conditions, the specific terms and conditions of the loan will differ from case to case .