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    TMB - Home Loan

    To Construct / Purchase a New House / New Flat or the cost of extension / Renovation / Purchase of Old House / Flat, Take over from other Banks / FIs.

    Reimbursement of Investments already made by the borrower provided the Investment has taken place within preceding one year.

    Term Loan

    • Rs.500 lakhs in case of Metropolitan centres
    • Rs.300 lakhs for Non-Metro Centres.
    • IT Returns not available - Not exceeding Rs.10 lakhs.
    • For Renovation Not exceeding Rs.25 Lakh.
    • Top-up Loans- 20% of the original loan amount subject to a maximum Rs.30.00 lakh. Minimum amount is Rs.1.00 lakh
    • Loan facility can be availed in terms of Overdraft facility (subject to conditions)

    HUF, Individuals, NRIs aged between 18 and 50 Years. In case of Joint Borrowers, any one of the applicant’s age should be below 50

    Margin :

    • Plot & Construction of House thereof - 25%
    • Construction of House on existing plots - 10%

    Renovation / Purchase of Old House/Flat : :

    • If the age of the house is below 5 Years - 25%
    • If the age of the house is above 5 Years - 40%
    • Old Flat irrespective of age - 30%

    Repayment :

    • Within a maximum of 30 Years (excluding Holiday Period)

    Security :

      • Equitable Mortgage of the Land / House / Flat purchased / constructed / acquired under the Loan and the improvements / additions thereto.

    Interest :

    Fees & Charges

    • 0.50% of the Limit Sanctioned plus Taxes as applicable.