Stop Renting. Start Owning.
A home loan that feels like a helping hand, not a burden.
Owning a home is more than a financial milestone; it is the ultimate security for your family. Griha Samriddhi Plus is crafted to bridge the gap between your savings and your dream doorstep. Whether it’s a modern apartment in a bustling city or a quiet bungalow in your hometown, we offer a transparent, "no-surprises" lending experience. We don't just fund four walls; we invest in the legacy you are building for the next generation.
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Free Insurance
Life & Accident Cover
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Digital Services
Mobile Banking, UPI
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Debit Card
Rupay Classic, Platinum
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Personal Service
People-centric Banking
- Purpose: Purchase of new/resale residential units, construction on a non-agricultural (NA) plot, extension of existing property, or takeover of home loans from other banks.
- Loan Amount: Maximum Rs.300 Lakh per dwelling unit. (Subject to extant single borrower exposure limit)
- Repayment Period: Maximum 240 months (20 years).
- Security: Mortgage of Flat/Residential Premises (Registered / Equitable Mortgage) of immovable property free from all encumbrances is required for security.
- Rate of Interest: Floating Rate. In Floating rate loans, change in PLR rate will have direct impact on the interest rate of Home Loan.
- Pre-payment Charges: NIL.
- Pre-closure Charges: NIL (specifically for individual borrowers on floating rates).
Your eligibility for a Home Loan depends on factors like loan amount, tenure and your repayment capacity.The information that will be required at the time of application includes the location of the property, co-applicants and your basic contact details. On verification and approval of the documents submitted by you, Bank may consider your Home Loan application.
Once you start the process of application, you will be required to present the following documents to the Bank. These include:
- Income proof
- Banking details
- Identity proof
- Age proof
- Signature proof
- Address proof
- Can I get a loan for home renovation? Yes, "Plus" covers extension and renovation of existing structures.
- In how many years can I repay the home loan amount? You can opt for a loan period of up to 20 years or outstanding tenure of the proposed loan to be taken over whichever is lower.
- Who can be my co-applicant? 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.
- When will the home loan be disbursed? You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents & deposit of original property documents is required to be completed prior to disbursement.
- What is the maximum number of Joint borrowers for a Home Loan ? There is no capping of upper limit of number of co-borrower, however minimum one co-borrower is required.
- Note: Members who all are party to agreement must have to come up as a borrower / co-borrower.
- Is a guarantor mandatory? Generally, all co-owners must be co-applicants. Personal guarantees are taken based on the credit assessment.
- Is insurance mandatory? Yes, Insurance is mandatory.
Service Charges, Margin & Rate of Interest :
- As Applicable from time to time