icareindia.com - Habitat Finance

Housing Loans

Builders I Architects I Finance- ICICI I HDFC

Loan Structures

HHPL advances Home Loans on long term basis (for a maximum period of 15

years) to individuals, co-operative societies and corporate bodies. Home Loans

are extended for the purchase/construction of house & flat.

Loans are offered to :

Executives (up to 58 years)

Professionals (up to 65 years)

Businessmen (up to 65 years)

Pensioners (up to 65 years)

Proposed residential Building/Flats.

Property age should be within 18 Yrs.

The quantum of loan depends on your monthly net income. The loan applied for

should not be less than Rs. 25,000 and should not exceed Rs.10 lacs. Your spouse/

son/parent can be considered as a co-applicant and the co-applicant's income can

also be added up for determining the loan quantum.

Security

The primary security for the loan will be the first mortgage of property to be

replaced by the deposit of the title deeds with us. Collateral security by way of

assignment of Life Insurance Corporation Policies, lien on shares, Gilt edged

securities etc., will be obtained where necessary. HHPL requires only one sound

guarantor.

Repayment

The mode of repayment is through post dated cheques. The equated monthly

installments (EMI) starts form the first month following the date of full

disbursement of the loan. Till then only pre EMI interest will be charged on

installments of loan disbursed.

Interest & EMI