1. Purposes for which Shrama Udana loan is granted
- To build a house
- To add a new part to a house /extensions
- To complete a partly built house
- To obtain water facilities, sanitary facilities and electricity
- To purchase a house
- To purchase a plot of land to build a house
- Redemption
2. Who can obtain the loan
- Private individuals
- Joint applicants ( Husband / wife )
- Daughter or son jointly with father or mother
3. The Loan amount you can obtain
- Minimum amount of loan is Rs.1miliion ( 80% of B.O.Q, for construction or 80% property Value – FSV , in cases of purchase of house )
4. What is the Security
- The land on which the loan is invested
5. What will be your Loan Installment
- If you are a salaried employees: 40% of the salary will be your maximum loan installment (within 60% of total fixed commitments)
- Others : Subject to evaluation of disposable income that can be proved.
6. What else……..?
- A Savings Deposit Rs. 500 /- to open a 'Situ Sevana' Savings Account with the Bank
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