| Purpose |
Financing on purchase of land, purchase of land & building, construction/renovation of building. |
| Financing Ratio: |
Maximum 80% of the purchase price and/or estimated cost of the building to be constructed/renovated. |
| Nature |
Non-revolving & non-renewable. |
| Disbursement |
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. |
| Principal Repayment |
After completion of the construction/renovation/purchase, on equated monthly installment basis (EMI). |
| Interest Repayment: |
On quarterly basis and/or on installment payment date. |
| Security: |
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. |
| Tenure: |
Maximum 25 years. |
