|Purpose||:||For furnishing homes and Purchase of Consumer Durables|
|Eligibility||:||NRIs / PIOs who are availing Housing loans from our Bank and who have disposable income and repaying capacity.
NRIs / PIOs who have earlier availed the loan and the loan is outstanding without over dues.
NRIs / PIOs whose loans are taken over from other Banks.
NRIs / PIOs who have not availed Housing loan/other loans against the property from any bank are also eligible.
|Amount of Finance||:||Up to `10.00 lacs without any percentage linkage to the project cost. The actual loan amount is to be determined on
the basis of repayment capacity taking into account income, age, assets and liabilities.
|Security||:||Primary : Hypothecation of assets created out of this loan
Collateral : Extension of equitable Mortgage of House
|Processing charges||:||Up to `25,000/- (Nil)
Above `25,000/- 1.10% of the proposed loan
|Disbursement||:||Disbursed directly to the supplier on production of Invoice Bill / Cash receipts to be obtained and kept with the documents|
|Interest Rate||:||Interest rates as applicable to Domestic Housing Loan Scheme|
NRI Home Decor Scheme