Housing Loans (for Construction / Purchase / Extension / Renovation of House / Flat) are available at Concessional Terms for Employees of Approved Corporates (Click here for list) with whom the Company has a tie-up. Any of the following concessions are applied selectively or in combination depending on the tie-up which can be ascertained from the Nodal Area Office from where the proposal originated.

1. Scheme is open for employees of Public Sector Undertakings, Reputed Public/ Private Limited Companies with atleast 50 employees. The Scheme can be made applicable to the employees after a Tie-up arrangement is finalized.
   
   
2. Rate Of Interest (% per annum ) -
   

   a) Repayments by Equated Monthly Instalment (EMI) b) Floating Rate of Interest will be reviewed quarterly. c) The rates indicated here are 0.25% lesser than the normal schemes.

3. Upfront Fees payable will be of only 0.50 % of the Loan Amount, subject to a maximum of Rs.10000/- .
   
   
4. Recovery of monthly EMIs through Salary Deduction.
   
   
5. Joint Declartion by Employer and Employee for Deduction of EMI from salary and Recovery of Loan dues incase the employee resigns/ retires/ gets terminated.
   
   
6. Life Insurance policy as collateral Security may be waived.
   
   
7. Guarantor may be waived.