Purpose
Purchasing house plots for subsequent construction of house.
Eligibility
As per Federal Housing Loan Scheme.(Take me there)
Loan Amount
60% (of cost of land as shown in sale deed + stamp duty + registration charges) Maximum Rs 25 Lakhs.
Margin
40% (of cost of land as shown in sale deed + stamp duty + registration charges)
As per Federal Housing Loan Scheme. (Take me there)
Period
Maximum 5 years.
Rates & Interest
See Rates & Interest MOPage .
Repayment
Equal monthly instalments (EMI).
Security
House plot to be purchased and Interim Security for 100% of the loan amount.
Other Conditions
This is a special scheme formulated under Federal Housing Loan Scheme. So all the conditions are same as Federal Housing Loan Scheme.(Take me there)
Now more reasons for opting Federal Housing loan - (Take me there)