Indo Home Loan
Looking to buy or renovate. Spruce up your property portfolio with an IZB home loan. Whether you would like a new kitchen or want to give your lounge a new lease of life, you could get more from your home.
Individuals (salaried and unsalaried)
- Outright Purchase of a ready-made.
- Purchase of a Plot and construction of a house or construction of a house on an already existing plot, within a maximum period of 18 months
- Home Improvement – For repairs/renovation/alteration/extension in the existing house/flat
- Takeover/Refinance of home loans availed from other financial institutions.
Legal mortgage of property purchased or developed out of bank finance
FOR SALARIED BORROWER:
- Up to 90% of the cost of the project up to K 00 million (i.e., minimum customer margin/contribution of 10%),
- Up to 75% of the cost of the project above K 00 million (i.e., minimum customer margin/contribution of 25%),
- Takeover/Refinance of existing home loans availed from other financial institutions – loan amount to be Indo Home Loan Scheme restricted to the transfer amount plus any additional amount required to carry out additional/improvement works.
- Up to 75% of the cost of repairs/renovations/alterations of existing house/flat subject to a maximum of 50 million subject of debt service ratio norm.
NON-SALARIED BORROWER:
- Up to 80% of the cost of the project up to 00 million i.e., minimum customer margin/contribution of 20%
- Up to 75% of the cost of the project above 00 million i.e., minimum customer margin/contribution of 25%
- Takeover/Refinance of existing home loans availed from other financial institutions – loan amount to be restricted to the transfer amount plus any additional amount required to carry out additional/ improvement
- Up to 75% of the cost of repairs/renovations/alterations of existing house/flat subject to a maximum of 50 million subject to debt service ratio norm
SALARIED BORROWER
- Maximum repayment period of 240 months within the borrower attaining the age of 60
- In case of repairs/renovation/alterations of existing house/flat repayment should be made within a
maximum period of 120 months, subject to the borrower attaining the age of 60 years.
NON-SALARIED BORROWER
- Maximum repayment period of 240 months within the borrower attaining 65 years
- In case of repairs/renovation/alterations of existing house/flat repayment should be made within a
maximum period of 120 months.
Terms and Conditions Apply
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