Maha Combo Loan Scheme
Maha Combo Loan Scheme for House and Car taken together:
Name of the scheme
Maha Combo Loan Scheme for House and Car taken together
|Permanent employees of central/ state Govt., PSU, companies of repute with min. one year of confirmed service in current organization.|
Min. Annual Income
Maximum Quantum of Loan
|Min housing loan amount should be Rs. 15.00 Lakh.|
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.
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)
|9||Rate of Interest|
|10||Deduction||Deductions allowed up to 65%.|
|12||Age||Age at Loan maturity should not exceed 75 years|