Housing Loan
Better housing, better living. No more costly debts.
We have helped households improve their living conditions with affordable loans for constructing or repairing kuccha houses or mud houses. These individuals who cannot borrow from traditional financial institutions were previously exposed to costly debts from money lenders. We have reduced this dependency with affordable housing loans with no requirement for collaterals.
Product Information
This is a loan product specifically for house construction or renovation.Eligibility
An individual member of an SHG (Self-help Group) can avail this loan.
Quantum of Loan
There are two variations in this loan. In the first option, a maximum loan of INR 50000/- is provided for construction of Kuccha houses or mud houses and for renovation of these houses in the rural areas. In the second option, a maximum loan of INR 200000/- is provided for construction of Pucca houses in rural and semi-urban areas. The loan limits are based on the cash flow of the household. The maximum loan tenure is 36 months. .
Tenure is based on the cash flow of the household, with a maximum of 36 months and a gestation period of 4 months in case of house construction. .
Interest rate
Variable. Fixed in accordance with RBI Guidelines