Last Updated on 24/07/2017
Housing - Credit cum subsidy for Rural Housing

Housing - Credit cum subsidy for Rural Housing
Objective

Details

Eligibility Rural households having an annual income upto Rs.32000. Area of construction to be 20 kms away from metro and large town or 5 kms away from small /medium town

Purpose

For Construction of houses

Amount

Maximum of  Rs. 40000 including subsidy of Rs.10000

Margin

Subsidy portion only

Security

EM on the property to be financed 

Repayment

Maximum 7 years

Holiday Period

Depending upon the income generation.

Rate of Interest

You may Contact the nearest Branch for Interest details.