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 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 + Service Tax as applicable.
   
   
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.