Home Loan shall be provided only for construction/repair/purchase of house/apartment for one-unit personal dwelling.
Purpose/Objectives: To promote homeownership to all the NPPF members.
Eligibility: Should be a current NPPF member who has contributed at least 1 year in service
Security: land and building under construction
Loan Amount: Maximum 10 million subject to LTV and LTI regulation
Interest Rate: 9.0% p.a (fixed) and 8.0% p.a (5-years floating).
Tenure: 30 years
Repayment: should be met from the monthly salary of the applicant
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