NDB Housing Loan

The Bank provides loans at the interest rates of,
12% - Upto Rs.200,000
12.5% - Rs.200,000 to Rs.500,000
13% - Above Rs.500,000
for home construction, purchases, extensions, improvements and land purchases for home constructions.

The minimum loan amount is Rs.100, 000 and the maximum is Rs.10, 000,000.
The security that is pledged with the Bank is the deed of the subject property. The maximum tenor of these loans is 15 years subject to a retirement age. The common mode of payment is by way of a Pay Sheet Deduction facility that is usually organized by the employer.