Beauty and Comfort for Your Sanctuary
Flexible financing to refresh, repair, or renovate your living space.
A home is a work in progress, evolving as your family grows. The Griha Shobha Loan is designed specifically for those who want to enhance their existing property. Whether it's a modern kitchen upgrade, structural repairs, or a complete interior redesign, we provide the financial support to help you maintain and beautify your most cherished asset without depleting your savings.
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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
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Purpose: Exclusively for House Repairs, Renovation, Additions, or Alterations of existing residential premises.
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Loan Amount: * Maximum ₹10 Lakh in Metropolitan centres (population of 10 Lakh and above)., Maximum ₹6 Lakh in other centres. (The combined outstanding balance (Housing Loan + Griha Shobha + Top up) must not exceed ₹300 Lakh.) (Existing + Proposed)
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Repayment Period: Maximum tenure of 120 Months (10 years).
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Security: Mortgage of Flat/Residential Premises (Registered / Equitable Mortgage) of immovable property free from all encumbrances are required for security.
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Pre-payment / Foreclosure Charges: NIL for individual borrowers.
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Existing Borrowers: Customers who have already availed of a Housing Loan from the bank with a regular repayment track record.
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New/Takeover Customers: Individuals taking over Housing and Top-up facilities from other Banks or Financial Institutions.
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Joint Ownership: All co-owners of the security must be taken as Co-applicants or Joint Borrowers.
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Guarantors: Required on a case-to-case basis.
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Identity/Address Proof: Standard KYC documents (PAN, Aadhaar) for all applicants.
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Income Proof: Latest salary slips/ITRs to verify repayment capacity.
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Property Documents: Copy of the title deed and the latest valuation report from a Bank-approved valuer.
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Estimates: Detailed estimate for the proposed repairs/renovation from a qualified Engineer or Architect.
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Is there a minimum period I must have held my home loan before applying? This scheme is generally available to existing borrowers with a satisfactory repayment history or as part of a takeover.
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Do I need to pay any margin for the repairs? No, the bank can finance 100% of the repair cost, provided your total debt stays within 80% of the property's market value.
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Can I use this for a commercial shop? No, the Griha Shobha Loan is specifically for residential premises.
Service Charges, Margin & Rate of Interest :
- As Applicable from time to time