Housing Loan for NRFC Customers

• To build a brand new house

• To purchase land/construct a house

• To purchase a house

• To renovate or refurbish your existing home

BOC SARANI Housing Loan

Maximum Loan Amount

• Rs.300,000-

Security

• Mortgage over property

Repayment Period

• 5 years

Interest Rate

• 5% p.a.

Eligibility

• NRFC Account Holders with a minimum balance of US$ 250/- or its equivalent in any other designated currencies for a period of 6 Months

Special Housing Loan Scheme

Maximum Loan Amount

• Rs. 1.0 Million (Double the SLRs. Value of the balance available in NRFC Account)

Security

• Property Mortgage

Repayment Period

• 10 Years

Interest Rate

• 1% below the priority sector lending rate at the time of granting the Loan
• 18% p.a. at present

Eligibility

• NRFC Account holders with a minimum balance of US$500/-or its equivalent in other designated currencies  for a period of 6 Months at the time of application

Rupee Loans/ Overdraft Facilities up to 90% of the Value of NRFC Deposits

Repayment Period

• 5 years

Interest Rate

• Loans - 16% p.a.
• Overdrafts - 16.5% p.a.

Security

• NRFC Deposit