Nainital Bank Nainital Bank - Home Page
  • Inviting applications for Appointment of Practicing Company Secretary Firm for carrying out Secretarial Audit Functions in The Nainital Bank Limited. Click here for details
    last date April 30, 2018new

  • Bank has opened its 136th Branch at Shimla Pistore, Rudrapur and 137th Branch at Satwan Bujurg, Shahjahanpur. new

  • Bank invites application for Empanelment of Hardware & Software Vendors.– Click here for details...

  • The Naini Business Center ,Regional Office-Delhi and Naini Loan Point-Delhi has been functional w.e.f. 21st October 2017 at 4th Floor,C-20/1A, UPRNN Building, Sector-62 Noida, District-Gautam Budh Nagar, Uttar Pradesh. new

  • Exercise for recruitment of Management Trainees.-new

  • MOU signed between The Nainital Bank Limited and Future Generali India Insurance Company Limited on 05/06/2017new


  • MOU signed between Nainital Bank & India First Life Insurancenew

  • Bank has opened its specialized Loan Processing Centre "Naini Loan Point" at Lucknow, New Delhi, Dehradun, Haldwani and Rudrapur.new

  • Application for converting existing saving account to PMJDY( Basic Saving Bank Deposit ) Account. – Click here for download

  • Bank conferred with Excellence Award for excellent performance under Pradhan Mantri Jan Dhan Yojna(PMJDY).

  • Notice for the customers regarding CTS-2010 Standard Cheque Forms. Click here…

135 Branches - 100% CBS/RTGS/NEFT Enable
Home > Personal Banking > Loan > Apna Ashiana For Home
waiver
Apna Ashiana For Home     
Scheme For Granting Housing Loans :

The scheme is formed with the objective to solve the problem of housing by providing Housing Credit to the eligible constituents for the following purposes.

  • To construct/purchase a new house/flat.

  • To purchase a ready built house, which should not be more than 20 (twenty) years old.

  • For repairs/renovation/addition/extension in the existing house/flat.

  • For repayment of loan already availed by the concerned constituents from other banks/housing finance institutions.

  • For purchase of land provided it is part of the project and construction is completed within 18 months.

Special features of Housing loan scheme “Apna Ashiyana” :
  1. Loans up to 5.00 Crore

  2. No guarantors required

  3. Higher deductions against income allowed

  4. Subsidy benefit up to Rs.2.35 lac under ” Pradhan mantri Awas Yojna”

  5. Effective rate of interest 4.45% under ” Pradhan mantri Awas Yojna”

  6. Easy and hassle-free loan processing

  7. No processing charges and other charges for limited period

  8. Repayment period up to 30 years

  9. Loan up to the age of 70 years (including repayment)

  10. Loan for purchase of land up to Rs.30.00 Lac

  11. EMI of Rs.765 per lac only

Eligibility :

All individual/s who own in his/her name the land on which the proposed house is to be constructed along with construction plan duly approved/sanctioned by competent authority/body. In case the land on which the proposed house is to be constructed stands in the joint names, all the joint owners should be made co-borrowers. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme.

Beneficiaries- Govt. & PSU employee / Salaried person / Professionals and Businessmen :

A person, whose more than 50% income is derived from agriculture, falls in the category of farmer under the scheme.

Rate Of Interest :

Click here for Rate Of Interest

Penal interest @1% shall be charged on amount in default upto six months for the period of default. If default period exceeds six months, penal interest @2% p.a. shall be levied on entire period of default.

Application form for Apna Ashiana