The Haryana State Co-Operative Apex Bank Ltd

Home Loan

Sr.No.	Conditions	Requirements
1.	Maximum limit	Limit Rs. 75.00 lacs per employee.
2.	Eligibility	The scheme shall be available only on plots of HUDA / Housing Board Houses and flats and Housing colonies approved by Director Town & Country Planning only within the area of operation Chandigarh & Panchkula of the bank. All Govt. employees and employees of Boards/Corporations/Cooperative Institutions. Registered and Recognized Educational Institutes, Multi National Companies, Public and Private Companies etc. Such borrowers shall be eligible for the loan equal to their 50 times of monthly gross pay. Professionals, Businessmen and Traders will be eligible for the loan upto 50 times of the average of their net monthly income during the past three years.
3.	Purposes	For purchase built house / construction of house / plot for construction- maximum 50% of the eligible loan amount as per the repayment capacity.
4.	Repayment	Max. 20 yrs. &/or upto 65 yrs. of age Moratorium allowed of 18 months in case of construction of house/flat.
5.	Margin	20% margin upto Rs.25 Lakhs loan ; 25% margin for upto Rs.75 Lakhs loan amount.
6.	Security	Mortgage of property, guarantor(s) The flat/house being constructed with the financial assistance from the bank shall be comprehensively insured with Bank clause in the policy at the cost of the borrowers.
7.	Rate of Interest	8.40% (Fixed ) Public 8.15% (Fixed ) (Harcobank staff) Processing charges 0.40% of loan amount (for public) as on date 01.01.2025, NIL for staff NIL pre-closure or hidden charges.