The purpose of Housing Loan Scheme is
i.   To help purchase or construct a new house/flat, or extend an existing house
ii.  To help purchase an existing house/flat
iii. To help repair or renovate an exiting house/flat .
iv. For taking over the existing housing loans from Banks/Financial Institutions.

Margin:
Minimum 25% of the project cost.
Interest Rate:Presently 9.00% p.a. for loans up to 5 years and 9.50% p.a. for loans beyond 5 years and upto 15 years. The interest is payable on quarterly basis during moratorium period, thereafter on monthly basis (in Equated Monthly Installment basis)
Repayment Programme
Moratorium: Maximum 1 year period from date of the first disbursement or one month after the completion of the house whichever is earlier
Repayment Period: the Housing Loan shall be repaid in equated monthly installments within 15 years excluding the moratorium period.
Prepayment charges: 1% of the amount being prepaid if the borrower repays from his own source. Prepayment charge at the rate of 2% shall be levied if the loan is being swapped.