Are you ready to step into your dream home? Uttar Bihar Gramin Bank is here to make that dream a reality with its hassle-free and affordable home loan options. Whether you’re looking to construct a new home, acquire an existing one, renovate your current space, or even purchase land for building your dream house, Uttar Bihar Gramin Bank has got you covered.
Table of Contents
Eligibility
Uttar Bihar Gramin Bank home loans are designed to cater to a wide range of individuals:
- Individuals: If you’re looking for a home loan as an individual, you’re eligible.
- Group of Individuals: You can team up with family members or friends to apply for a joint home loan.
- Salaried Employees: Those with a regular income from their jobs can easily apply.
- Self-Employed Persons: If you run your own business or are self-employed, you can still avail of these loans.
- Professionals: Doctors, lawyers, engineers, and other professionals can benefit from these loans.
Anyone with a Regular Source of Income: If you have a legal, identified, and regular source of income, you’re eligible.
Loan Amount
Uttar Bihar Gramin Bank offers flexibility in loan amounts. There’s no upper limit, so you can borrow as per your requirements. Here’s a breakdown of the quantum of finance available:
For Salaried Borrowers
- Upto Rs. 30 Lakh: You can get a loan for up to 90% of the cost of your home or flat.
- Above Rs. 30 Lakh to Rs. 75 Lakh: You’re eligible for up to 80% of the cost.
- Above Rs. 75 Lakh: Enjoy a loan of up to 75% of the property cost.
For Non-Salaried Borrowers
- Upto Rs. 50 Lakh: You can get up to 80% of the property cost.
- Above Rs. 50 Lakh: You’re eligible for up to 75% of the cost.
For Repairs/Renovation/Alteration
- Maximum Loan Upto Rs. 10 Lakh: You can avail of up to 75% of the renovation cost.
Margin Requirements
The margin requirements typically range from 10% to 25%, depending on the purpose of the loan and the category of the borrower. Uttar Bihar Gramin Bank ensures that you can easily access the funds you need to make your dream home a reality.
Rate of Interest
Uttar Bihar Gramin Bank offers competitive interest rates on its home loans. The rate of interest ranges from 8.10% to 8.85% for Housing Loans (Apna Ghar). This affordability ensures that your dream home doesn’t become a financial burden.
Loan Tenure
The bank offers a flexible repayment period. You can choose a loan tenure of up to 25 to 30 years, depending on your age and the purpose of the loan. This extended tenure makes repaying your home loan more manageable.
Prepayment Option
Uttar Bihar Gramin Bank believes in hassle-free home loan experiences. There are no prepayment charges, giving you the flexibility to close your loan ahead of schedule without incurring any additional costs.
Your Dream Home Awaits
With Uttar Bihar Gramin Bank’s home loans, your dream home is closer than ever. Whether it’s a cozy apartment, a spacious house, or a plot of land to build your own abode, the bank provides the financial support you need. Don’t wait any longer; unlock the doors to your dream home with Uttar Bihar Gramin Bank.