||Financing on purchase of land, purchase of land & building, construction/renovation of building.
||Maximum 80% of the purchase price and/or estimated cost of the building to be constructed/renovated.
||Non-revolving & non-renewable.
||In case of purchase/renovation, full amount after complete documentation and in case of construction, first disbursement maximum 25% of the total loan amount only after completion of DPC level and other disbursements as per requirement verifying the utilization of the previous disbursed amount.
||After completion of the construction/renovation/purchase, on equated monthly installment basis (EMI).
||On quarterly basis and/or on installment payment date.
||At least 150% coverage (or as provisioned by the prevailing NRB directive) by the mortgaged collateral security including the property under financed by the housing loan.
||Maximum 25 years.