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Rain Water Harvesting
PURPOSE
Installation of Rainwater harvesting unit
ELIGIBILITY
To individuals constructing house, making modification of existing house.
LOAN QUANTUM
75% of the estimated cost as per the unit cost stipulated here-below:
- Plot size- up to 1500 sq.ft: Rs 57700/-
- Plot size- More than 1500 sq. ft up to 2400 sq.ft: Rs 73,000/-
- Plot size- More than 2400 sq. ft up to 5000 sq.ft: Rs 82,000/-
- Plot size- More than 5000 sq. ft: Rs 1,85,000/-
MARGIN
25%
RATE OF INTEREST
SECURITY
- Hypothecation of pipeline with barrel, filter etc.
- Continuation of mortgage of Residential Mortgage (In case of existing Housing Loan borrowers)
REPAYMENT
Loan shall be repaid in 60 EMIs
PROCESSING CHARGES
0.50% of Loan amount (Minimum of Rs 1,500 and Maximum of Rs 10,000)
DOCUMENTS/FORMALITIES
- Stipulated Loan Application with 2 passport size photographs
- Latest Salary Certificate and Form No.16
- ITAO / IT Returns (for professionals and non-salaried persons)
- Proforma Invoices, cost estimates