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Home Loan

Simplify your home buying experience with our range of home loan variants

Key Features
Because home is where the heart is

Looking to purchase the perfect home for you and your loved ones? Take the first step towards your dream home with our range of Home Loan options, including Balance Transfer. What’s in store for you, with SVC Bank, is a pleasant home-buying experience complete with an attractive ROI, personalised service and quick finance support.

Account feature

Up to 90% finance* for new home

Account feature

Loan up to INR 300 Lakhs

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Balance transfer and Top-up facility available

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Repayment up to 240 months

Benefits Image

Other Benefits

  • Purpose:
    • Construction of own house
    • Purchase of readily built house / flat / resale flat
    • For takeover of housing loans, from other banks / institutions
  • Loan Amount:
    Maximum INR 300 Lakhs per beneficiary, per dwelling unit
  • Margin:
    • Loan amount upto Rs. 35 lacs : 10% of Agreement value or Market Value whichever is lower
    • Loan amount above Rs. 35 lacs : 15% of Agreement Value + Stamp Duty + Reg or Market Value whichever is lower 
  • Repayment:
    Maximum 20 years for Salaried class / Professionals
  • Security:
    Mortgage of residential premises to be purchased

*Terms & conditions apply

Eligibility

  • Individuals (Singly or Jointly) 
  • Should be an income tax assessee, aged 21 years and above
  • Individuals employed / Individuals engaged in business / Professionals having a fair repaying capacity to justify servicing of monthly instalments
     

FAQ

Home Loan can be availed for:

  • Construction of own house
  • Purchase of readily built house / flat / resale flat
  • For takeover of housing loans, from other banks / institutions

Home loan of INR 3,00,00,000/- per individual, per dwelling unit can be availed

Margin on Home Loans is 10% to 15% of (Agreement Cost + Stamp Duty + Registration)

Repayment tenure for Home Loans is maximum 240 months (20 Years)

Balance Transfer as well as Top up Facility is available on Home Loans with SVC Bank

Security of the Loan will generally be security interest on the property being financed by the Bank

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