|
.......................................................................................................................................................................................
For what purposes can I obtain a Nivahana Loan?
|
Purchase or construction of a house |
|
Purchase of a condominium apartment in urban areas |
|
Purchase a land and construct a house |
|
Renovate, extend, complete a house |
.......................................................................................................................................................................................
How Do I Qualify for a Nivahana Loan ?
You should have regular monthly income, individually or jointly with spouse. This income should be sufficient to meet the monthly loan commitment plus living and other expenses.
.......................................................................................................................................................................................
How Can I Borrow ?
Depending on your need and the income you can borrow between Rs. 750,000/- and Rs. 5 million. Even if your need exceeds Rs. 5 million, you can still negotiate with your Branch Manager for a higher amount.
.......................................................................................................................................................................................
What is the Interest rate ?
Our interest rates are very attractive and highly competitive.
What's more, we give you a choice Fixed or Floating. If you want
to keep your interest rates fixed, you can go for a Fixed Interest
Loan. Or if you prefer to pay the going market rates, you can choose
a Floating Interest Loan. NIVAHANA
is so flexible.
.......................................................................................................................................................................................
What About Repayment ?
A repayment period of up to 20 years can be given depending on your age. Also you can select from 2 modes of payment:
1. |
Equated Monthly Installments - where your capital plus interest is a fixed sum |
2. |
Fixed Monthly Installments - where you
pay back your capital in equal installments
plus interest on reducing balance |
.......................................................................................................................................................................................
What are the Advantages of Nivahana when Compared with Similar Loans ?
|
Minimum documentation |
|
Flexible approach and fast approval |
|
Longer repayment period |
|
Fixed or Floating rate of interest |
|
Attractive and competitive interest rates |
|
Convenience of our island wide branch network |
Interested ? Then goto your nearest Commercial
Bank branch, Service
Point or the MiniCom
Centre and find out more !
We'll give you the strength to build your future without a struggle.
Download Application | Tariffs | Request Information
^ Top |
