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.

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

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.

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

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