Last Updated on 16/10/2019
Subhagruha Gen Next Housing Loan

An instant home loan for the young customers providing 20% higher loan amount than that of normal Home Loan eligibility.


Salaried employees of private sector companies/MNCs/Government undertakings/PSUs & Government employees.

Age of the borrower to be between 21 years to 45 years having minimum net monthly income of Rs. 30,000/- and above.


Margin ranges from 10% to 25% of the estimated cost (including the cost of the land) for new as well as old houses/flats, depending upon the loan quantum.

Rate of interest

Retail Credit Interest Rates (Click here)


Repayable in equated monthly installments for a maximum period of 30 years.

No Pre payment charges

Holiday Period

An initial holiday period of up to 36 months shall be permitted. However loan tenor should not go beyond 30 years including the holiday period and the age of the borrower not to exceed 70 years at the time of last installment of the loan.


Immovable property being bought/constructed/renovated to be mortgaged. The land should be in the applicant's name or jointly with spouse/close relative (co-obligant). Applicant should have a clear and marketable title over the property to create a valid mortgage.

Processing Charges (Click here)

Documents Required

An application form

Salary certificate as a proof of income (for employed individuals)

Proof of income (for professionals, business people etc.)

Agreement for sale of house/flat

Proof of membership (for co-operative societies etc.)

Proof for experience in the line of activity (for professionals, business people etc.)

Estimates for Construction/Valuation Report for Acquisition/Legal opinion on the Property from Bank approved Engineer/Lawyer.

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