Maha Combo Loan Scheme
Maha Combo Loan Scheme for House and Car taken together:
S. No. | Parameter | Details |
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1 | Name of the scheme | Maha Combo Loan Scheme for House and Car taken together |
2 | Purpose |
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3 | Eligibility | Permanent employees of central/ state Govt., PSU, companies of repute with min. one year of confirmed service in current organization. |
4 | Min. Annual Income |
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5 | Age Limit |
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6 | Maximum Quantum of Loan | Min housing loan amount should be Rs. 15.00 Lakh. Housing Loan For Salaried- 60 times of Gross monthly salary / 75 times of net monthly salary (whichever is higher). For Businessman / Professional: 5 times of last 2 Years average income based on IT returns. CAR LOAN Salaried - Up to 24 times Net Monthly Sal on the basis of last salary drawn Others: up to 2 times average annual income based on 2 years ITR or 2 times Gross Taxable income as per latest ITR (Whichever is lower) |
7 | Margin |
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8 | Repayment |
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9 | Rate of Interest |
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10 | Deduction | Deductions allowed up to 65%. |
11 | Processing Charges |
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12 | Age | Age at Loan maturity should not exceed 75 years |
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