Composite Loan

• Loans for the purpose of vacant plot purchase & construction of a residential building.
• Loans upto 75% of the Cost of the Plot and 85% of the estimate for Construction of residential house
• Maximum Loan Tenure – 25 years
• Customer has to commence the construction on the said Plot within a maximum period of 6 months after obtaining necessary approvals failing which Rate of interest will be charged on par with rate applicable for vacant plot loans.