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Home Loan

                        Being a Scheduled Bank, giving Loans and Advances is among our primary activities. Apart from our participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes & seven special schemes are described below.

Sr.No. Conditions Requirements
1. Maximum limit

Limit Rs. 40.00 lacs per employee.

2. Eligibility

Individual/Business/Govt. employee 50 times of avg. net montly income of last three yrs./50 B.P. + D.A. respectively.

3. Purposes For purchase/ construction of house
4. Repayment

Max. 20 yrs. &/or upto 58 yrs. of age

5. Margin

25%

6. Security

Mortgage of property, two guarantors

7. Rate of Interest

8.40% (Floating), 8.40% (Fixed ) Public
8.25% (Floating), 8.25% (Fixed )(Harcobank staff)