State Bank of Bikaner & Jaipur Offers Special Home loans for Rajasthan Government Employees.
Key features of the scheme are furnished below:
|Name of the scheme||Housing Loan for Raj. Govt. Employees|
|Purpose||Purchase of plot/house/flat, construction, extension, renovation and refurbishing|
|Eligibility||Regular employees of State Govt. having minimum service of 2 years and upto the age of 55 years|
|Loan Amount||60 times of gross monthly income subject to total deduction including proposed EMI is restricted to 60% (voluntary saving excluded).
Income of spouse cannot be clubbed.
20% for the plot.
|Rate of interest||9.45%|
|Repayment||Maximum 20 years or upto the remaining length of service|
|Security||Mortgage/Eq. mortgage of the property proposed to be purchased/constructed/improved|