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മലയാളം

Attractive Interest Rates

ROI 7.30%

Home Loans

To fulfil your dream of a new home, KGB provides Home Loans at very attractive rates. Moreover KGB offers loans for Purchase/Construction/Renovation of house/Flat.

Purpose

Purchase of house property.
Purchase of site and Construction thereon.
Takeover of liabilities from other Financial Institutions.
Construction/extension of house property.
Purchase of ready built Flat.
Purchase of flats under construction.
For undertaking repairs, renovation, up - gradation, extension, creation of additional amenities.
Housing Loan for Second House / Flat.

Eligibility

Individuals and NRI having sufficient and regular income.
Age of the applicant shall not be more than 70 years (60 years for NRI).

Limit & Margin

Limit

Upto 8 times annual income for Agri & Non-salaried class.
Upto 96 months' gross salary for salaried class.

Margin (Outright Purchase)

Up to ₹30 lakh – 10%
₹30 lakh – ₹75 lakh – 20%
Above ₹75 lakh – 25%

Security

Equitable Mortgage of land and building constructed / to be constructed / to be purchased by Bank Finance.
The value of the property should be atleast 125% ot the loan limit.

Repayment

Tennure upto 30 Years.
Repayment holiday upto 18 months can be availed.

Interest Rate

For loan interest rates Click here
For Service charges and fees Click here