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Eligibility

For major renovation of a flat, such as buying furniture for the entire flat or setting up a completely new kitchen.

Purpose

For major renovation of a flat, such as buying furniture for the entire flat or setting up a completely new kitchen.

Amount

Maximum Rs.5 Lakhs for repairs/renovation.

Margin

15% of the repair/renovation cost.

Repayment

Maximum 60 monthly equated installments. PDCs are to be obtained for the same.

Processing Fees

As per Banks Guidelines*

Rate of Interest

Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here

Disbursement

Directly to the contractor as per the progress of the work or against reimbursement.

Security

Extension on the mortgage of the flat already mortgaged with the bank.

Guarantors

Two guarantors acceptable to the bank.