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Home » Advances » Retail loan » Housing loan
Housing Loan   
Be A Proud House Owner

Baroda Rajasthan Gramin Bank invites you to be a proud owner of your own home and offers easy Housing Loan with a number of conveniences to suit your budget.
   The Home Loans offering from Baroda Rajasthan Gramin Bank essentially provides for finance in relation to the purchase of a new house, financing of an old house and repayment of loans from other housing finance companies.
Key Benefits
 Wide range of requirements addresssed:

          Ready-for-occupation property.
          Under-construction property.
          Repaying a loan already taken from other Housing Finance Company.

 You can avail up to Rs. 50 Lakhs, for buying that dream house.

 Flexible 15 years loan repayment period.
 
Terms & Conditions
 · Interest on loan till Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act).

 · Any person above the age of 21 years can apply for this loan. In case of a co-borrower, the minimum age is 18 years.

 · The age of the borrower added to the repayment period chosen, should be less than 62 years in case of pensioners or non-salaried applicants. In case of a salaried person, the account should be liquidated on attaining retirement.

 · In any case, maximum amount of loan should not exceed;
A. 60 times of monthly gross salary in case of salaried class.
B. 5 times the Net average (last two years) annual income in case of customers other then salaried class people.

 A rate of interest adhering to the following will be charged on the amount disbursed as loan.
Rate of Interest (Interest rates are P.A., monthly rest)
Period
Fixed Rate
Upto 5 years
11.75 %
>5 - 10 years
12.25 %
> 10 years
12.50 %



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