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Hii sir, I Wants to get the Information About the Home Loan of the Neelachal Gramya Bank ?

[Vishal Kotkar]

As you Asking for the Information About the Home Loan of the Neelachal Gramya Bank let me tell you that the Neelachal Gramya Bank is Merged into the Odisha Gramin bank The Details of the Home Loan of the Odisha Gramin bank is given below

Odisha Gramya Bank

Odisha Gramya Bank is established on 7th January 2013 with the amalgamation of Neelachal Gramya Bank, Kalinga Gramya Bank and Baitarani Gramya Bank as per the Government of India ,Department of Financial Services,Ministry of finanace,Notification No. F.1/1/2012-RRB dated 07.01.2013 issued under sub-section(1) of section 23A of Regional Rural BankAct 1976(21 of 1976).

The Details of the Home loan Offered by the bank is given below

Objective
Housing Finance

Purpose

Construction of new house & expansion/addition to existing house.
Purchase of flat / house from Public Housing Agencies / Registered / Reputed Builders.
Purchase of old houses (not more than 15 years old) from third parties in approved layouts.
Repair and Renovation of existing residential House

Amount:

Maximum Term Loan under the scheme is 80% of the cost of estimate in case of new construction subject to an upper ceiling of Rs 100.00 lacs.
For up-gradation / repair / remodeling of existing house is concerned, maximum Term Loan is 80% of the cost of up-gradation / improvement subject to a ceiling of Rs 10.00 lacs.

Repayment :
Maximum 240 EMIs

Holiday Period :
18 months

Rate of Interest :
Minimum 11% and Maximum 11.75%

For more Information you may Visit the nearest branch of the Odisha Gramin bank