SHG GRIHALAKSHMI (Housing loan to SHG Members
SHG GRIHALAKSHMI (Housing loan to SHG Members)
| SHG GRIHALAKSHMI (Housing loan to SHG Members) | ||
| Sl. | Particulars | Guidelines |
| 1. | Target Group &
Eligibility |
|
| 2. | Purpose | Construction/purchase of a house including sheds/godowns/to carry out related economic activities (eg. Cattle shed, provision store, Vegetable shop etc.)
All kind of improvements/ repairs/ maintenance/ value addition/ extension of existing house/ shed such as
Loan for purchase of plot/site should be part of the Housing loan. (Transfer of property among blood relatives/family members not permissible) |
| 3. | Loan Amount | Maximum loan limit Rs.200000/- per member |
| 4. | Margin Norms | 10% |
| 5. | Repayment | Maximum period of 15 years. |
| 6. | Processing & other charges | NIL |
| 7. | Rate of Interest | Please refer the Lending Rates link on homepage in our Bank’s Website www.indianbank.bank.in |
| 8. | Insurance | House building/ shed constructed/purchased, should be comprehensively insured against all risks at borrower’s cost. |
For further details, please contact your nearest branch.
Disclaimer
The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.
All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the “Content.”
Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.
Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.
Indian Bank reserves the right to modify, correct or update any part of the Content at any time.
No portion of the Content may be displayed or printed without prior written approval of Indian Bank.
As the translated Content has been generated using AI, we encourage suggestions for improvement.
Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home