Housing Loan for Bank Staff : Revision of ceiling limits
Staff Housing Loan limit revised to Rs.25 lacs for Sub-staff & Rs.40 lacs for Clerical @ 6.75% simple interest
Board in its meeting held on 30.11.2015 has approved the revision in maximum loan amount and rate of interest for staff housing loan scheme, as under:
Substaff: Rs. 25 lacs (Max.)
Clerical: Rs. 40 lacs (Max.)
Rate of Intt.: 6.75% simple
Reduced rate of interest will apply to existing as well as fresh loans.