Andhra Bank Home Loan Application Form PDF

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Andhra Bank Home Loan Application Form PDF Free Download

Andhra Bank Home Loan Application Form

1. PURPOSEPurchase of new/old residential unit (house/ flat/villa/apartment etc.)Construction of residential unit on exiting nonagriculture plot.Purchase of non-agricultural plot and construction of residential unit (composite project) thereon**Repairs/ improvements/ extension of the existing residential property. Take-over of housing loan availed from another bank / FICompletion of the under-construction residential unit. Purchase of solar power panel along with purchase/construction of the house.
2. ELIGIBILITYIndian citizens and NRIsMinimum entry age is 18 years and the maximum exit age up to 75 years. Individuals may apply singly or jointly with other eligible individuals.
3. QUANTUM OF LOANNo limit on the quantum of loan. Loan eligibility depends on repayment capacity of the borrower and value of property maximum loan amount for repairs/renovation is Rs.30 lakh.
3. QUANTUM OF LOANNo limit on the quantum of loan. Loan eligibility depends on the repayment capacity of the borrower and value of the property maximum loan amount for repairs/renovation is Rs.30 lakh.
4. MARGIN, I.E. YOUR SHARE10% of the total cost of the purchase/ construction for loans up to Rs.30 Lakhs20% of the total cost of the purchase/ construction for loans above Rs.30 lakhs20% of total cost of the repairs/renovation.
5. HOME LOAN MORATORIUM PERIODMoratorium period of up to 36 months in case of purchase/ constructionMoratorium period of up to 12 months in case of repair & renovation.Moratorium period of up to 48 months in case of Composite Home Loans from the date of first disbursement OR up to the period allowed by Development Authority from the date of purchase of plot, whichever is earlier.
Language English
No. of Pages3
PDF Size1 MB
CategoryForm
Source/Credits

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Andhra Bank Home Loan Application Form PDF Free Download

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