Home Loan for Senior
Citizens
 |
| Home Loan For Senior Citizen |
Purpose – Housing Loan for construction of house, purchase
of land and construction of house, purchase of ready built house with plot,
purchase of flat or repair and renovation of existing house.
Eligibility –
Individuals above the age of 55 years who are drawing pension from State/
Central Government / banks/ Insurance Companies / other reputed companies.
Quantum of loan –
Maximum of Rs. 25.00 lakhs or 50 times of monthly pension drawn at the time of
application, whichever is less subject to conditions.
Security-1) Prime: Residential property being financed
2) Collateral:
Insurance policy (whole life) for value of loan or Lien on bank’s own deposits for full value of
loan or Combination of insurance policy / bank’s own deposit for equal value of
loan
Repayment – Maximum of 15 years or till the borrower attains
the age of 75 years, whichever is earlier, through Equated Monthly
Installments.
Prepayment – No prepayment penalty provided the account runs
with the bank for a minimum period of one year after completion of
disbursement, else at 1% of balance outstanding.
Home Loan For Senior Citizen 04433044488 Loans For
Pensioners. We are providing 100% Loan Guarantee Apply 04433044488 With Instant
Approval Nationalized Bank. Get more information Call @ 9840136583
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