For Construction /Purchase 60 months net
salary or 75.00 Lacs whichever is lower.
For repairs/renovation 20 months net salary,
subject to a maximum of 10.00 Lacs.
For purchase of land: 20 months net salary/income
subject to maximum of 5 Lacs within J&K and 10.00 Lacs outside
Also as an incentive for small borrowers,
the loans upto 1.5 Lacs granted for repairs/renovations of
existing houses would now be secured by third party guarantee
of two persons or such other security as is deemed appropriate
by the Bank.
Employees of Govt. , Semi-Govt. Dept., Civic
Bodies, PSU's with minimum 5 years service.
Reputed Businessmen with minimum 5 years
Professionals & Self employed like Doctors
,Engineers , CA's , Advocates with minimum 5 years standing