You have an option of selecting a repayment period ranging up to 15 years.
This period should, however, not exceed retirement age if you are salaried and 65 years if you are self-employed. Further, the maximum tenure for purchase of a plot is only 5 years.
Security:
The facility will
be primarily secured by a first mortgage on the plot/ home being purchased or the home
being renovated, extended or constructed. It is in the interest of the customers to ensure that
the title of the home is clear, marketable and free from encumbrances.
