Member Home Loan

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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#	Loan Product	Tenure (Years)	Current Rate
1	Education Loan	1-5	9.50%
		5-10	9.70%
		10-15	10.00%
2	Housing Loan (Commerical)	30	10.50%
3	Member Home Loan	30	9.0 % (fixed) and 8.0% (5-years reset)
4	Student Loan	up to 15	8% during gestation 9% thereafter
5	Member Loan	5	8.5%
6	Flat Purchase	30	8.75% (fixed) and 7.75% (5-years reset)