Repayment Procedure for Housing Loan Scheme:Investment
Repayment Procedure
1. Construction Repayment starts after completion of grace period
2. Transfer of loan from FIs Repayment starts one month after the first disbursement out of the sanctioned loan
3.Construction/Transfer Repayment starts after completion of grace period
4. Repairs Repayment starts one month after the first disbursement out of the sanctioned loan.
5. Construction/Repairs Repayment starts after completion of grace period.
6. Transfer/Repairs Repayment starts one month after the first disbursement out of the sanctioned loan.
7. Purchases Repayment starts one month after the first disbursement out of the sanctioned loan.
8. Purchases/Construction Repayment starts after completion of grace period.
9. Purchase & Repairs Repayment starts one month after the first disbursement out of the sanctioned loan.
Mode of Repayment: Borrower makes a repayment through BOB, using deposit invoice books supplied by the Credit Division.