Enjoy the hassle-free experience of availing of a home loan for the construction of your new home; Purchase of new or old Home; renovating your home. TMB Home Loans have quicker approvals and are competitive in rates. You may also shift your loan from other Banks / NBFCs and enjoy the benefits of TMB Home Loan.
Loan can be availed upto ₹500.00 Lakhs depending upon the eligibility and need of the customer
Longer loan tenure, up to a maximum of 360 months
NRIs can reimburse the investments already made by them, provided the Investment has taken place within preceding one year.
Home loan facility can be availed as an Overdraft (subject to conditions)
Eligibility and Terms
Individuals & HUF aged between 18 to 50 Years.
In case of :
Joint Borrowers, any one of the applicant’s age should be below 50.
Government Employees/ Employees of PSUs whose retirement age is 60 - Upper age limit may be relaxed up to 55 years.
Professionals (Doctors, Engineers, Lawyers, Chartered Accountants etc.,) & Businessman – Upper age limit may be relaxed up to 60 years.
Maximum Amount :
Rs.500 lakhs in case of Metropolitan centres
Rs.300 lakhs for Non-Metro Centres.
IT Returns not available - Not exceeding Rs.15 Lakh.
For Renovation – Not exceeding Rs.25 Lakh.
Construction of house on existing plots - 10%
Purchase of New House / Flats - 25%
Purchase of Plot & Construction of House thereof - 20%
Renovation / Purchase of Old House /Flat :
If the age of the house / Flat is below 5 Years - 20%
If the age of the house/Flat is above 5 Years upto 20 years - 30%
Loan amount above Rs.75.00 Lakh:-
Purchase of Plot & Construction of House thereof - 25%
Equitable Mortgage of the land / house / flat purchased / constructed / acquired under the Loan and the improvements / additions thereto.