• • Equated Monthly Instalment – The Instalment amount is fixed throughout the tenure at a particular rate of Interest
• • Step Up Repayment Facility – It offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.
• • Flexible Loan Installments Plan – It offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.
• • Tranche Based EMI - If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Some of the factors which are considered when deciding on a loan amount are:
Your requirement and eligibility
Your income
Your repayment capacity: Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependents, spouse's income, assets, liabilities, savings history and stability and continuity of occupation.

You can opt for a loan period of up to 20 years, which can vary depending on the purpose of the loan and your profile.

If you are an individual – your spouse, your parents, or even your major children can be your co-applicants. The co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property.

Once we receive a completed application form along with the necessary supporting documents two things happen:

• Determination of your eligibility for the Loan: For this, the Bank / Financial Institution consider their internal policy guidelines and also examine all the documents submitted by you. If you are deemed eligible, you will get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property. 
• Legal and Technical verification: Lawyers and property valuers empanelled by the Bank / Financial Institution will verify your title documents; conduct a technical evaluation of the property. 

After completion of above process, the Bank / Financial Institution will process the sanction and disbursement of your Loan.

The loan will be disbursed in full or in suitable installments taking into account requirement of funds.

In most cases, the property itself becomes the security till the entire loan is repaid.

Yes. You can make part prepayments with complete flexibility without any charge

What is Foreclosure Charges?

If the loan is under Variable/Floating Rate loan and the loan is prepaid through any source, no prepayment charges shall apply If the loan is under fixed rate, the pre-payment charges shall apply.

Education/Marriage expenses
Purchase of house
Improvement/Extension of existing Property
Medical Treatment

Any other personal Need.