PSB Apna Ghar - सहज

Purpose

For Purchase of built-up house/Flat /Construction/ Purchase of Plot and construction/ Extension/ Repair / Renovation.

Eligibility

  1. Permanent employees of Central/ State Governments / Public Sector Undertakings (PSU).
  2. Permanent employees of reputed Education Institutes as approved by the Bank

Age limit

  1. Minimum : 21 years
  2. Maximum: Subject to adjustment of loan before the age of
  1. i. Employee without pension  – 60 years
  2. ii. Employee with pension or NPS* – 70 years

Quantum of Finance

  1. Minimum: Rs. 05 Lakh
  2. Maximum: Need based finance

Margin

 

 

  1. i. For Purchase of Plot only, offered / allotted by Govt. authorities and/ or Builders who are Bank’s borrowers:
  1. a) 25% of Fair Market Value of plot for loan amount upto Rs.100 lakh
  2. b) 40% of Fair Market Value of plot for loan amount above Rs.100 lakh
  1. ii. For construction (plot already owned):
  •                 • 10%of the value of construction, proportionate for loans up to Rs. 20 lakh
  •                 • 20% of the value of construction, proportionate for loans above Rs. 20 lakh
  1. iii. For purchase of plot and construction (project):
  1.    a. For purchase of plot: 30% of Fair Market Value of land / plot.
  2.    b. For construction
  •                  • 10%of the value of construction, proportionate for loans up to Rs. 20 lakh
  •                  • 20% of the value of construction, proportionate for loans above Rs. 20 lakh

 (Loan amt. for ascertaining margin would be sanctioned limit for the project i.e. for plot + for construction)

  1. iv. For Purchase of Built up dwelling unit/Flat:
  •                     • 10% of the total value of property for loans up to Rs. 20 lakh
  •                      • 20% of the total value of property for loans above Rs. 20 lakh
  1. v. For Extension / Renovation /Repair: 10% of the total estimated cost.

Rate of Interest

Please click here For Rate of Interest

Additional concessions in applicable ROI:

  1. i. Borrower whose salary account with our Bank:- 0.20%
  2. ii. Special concession for women - 0.10%.

Note: Subject to maximum concession of 0.20%.

Period of Loan

Maximum 30 years subject to maximum age.

Prepayment charges

NIL

Processing Charges

Please click here For Processing fee

Concession in applicable processing charges as under:

  1. i. Where salary account is maintained with our Bank – 50% concession
  2. ii. For others: 25% concession

(No Processing till 10.11.2021.)

Inspection Charges

 

Full waiver of Inspection Charges for the first year.

Security

Mortgage of the property financed.

Locker Rent Concession

50% concession on locker rent (small locker only) for self and spouse for first three years, who avail loan under this scheme.

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