Bank of Rajasthan, with its stronghold in the state of Rajasthan, has a nationwide presence, serving its customers with a mission of " together we prosper " engaging actively in Commercial Banking, Merchant Banking, Auxiliary services, Consumer Banking, Deposit & Money Placement services, Trust & Custodial services, International Banking, Priority Sector Banking, Depository.

Bank of Rajasthan, a leading Private Sector Bank, having branches all over India with prominent presence in Rajasthan having specialised forex and Industrial finance branches.

Apna Ghar Scheme

Housing Finance

It is provided to an individual singly/jointly for the purpose of construction of house/ purchase of ready built house/land / extension of existing house/ repair of house. The amount of finance depends upon the repayment capacity of the applicant.

Eligibility

Any person/ group of persons, salaried/ self -employed / business class/ retired jointly with employed spouse or son having regular income and capacity to repay installments of proposed housing loan.

Purpose :

- Purchase of ready built House/Flat, Land and construction thereon
- Repairs and Renovation
- Shifting / take over of loan. (Take over of loans availed from other financial Institutions)

Quantum of Loan :

- For Purchase of ready built House/Flat, Land and construction thereon. :- Maximum Rs.100.00 lacs.
- For Repair and Renovation - Maximum Rs.10.00 lacs.

Margin :

15% in case of purchase of house, flat, land and construction thereon etc. and repairs and renovation.

Repayment Period :

Maximum 20 years in case of purchase/construction of house/flat/apartment inclusive of moratorium period.

Maximum 9 years in case of repairs and renovations.

Security :

Equitable Mortgage of property to be purchased out of loan.

Bappi Patta (original) along with fee deposit receipt at Gram Panchayat will be acceptable as security for loan

Processing Charges :

- Loans up to Rs. 2.00 lacs - 0.50% of sanctioned loan amount
- Loans above Rs. 2.00 lacs - 1.00% of sanctioned loan amount.

Foreclosure Charges :

Charges 2% of prepaid amount at the time of premature closure of account. However, prepayment up to six installments will not attract foreclosure charges. In other words, if a/c is prematurely closed when last not more than six installments are outstanding, the foreclosure charges will not be levied.

Interest Rate

Float Interest Rate	:	11.75
Float Loan Eligibility	:	16 to 23
Tenure	:	20
Processing Fee	:	upto Rs 2 lacs: 0.50% of loan amount, loans above Rs 2 lacs : 1% of loan amount
Prepayment Charges	:	2% of outstanding amount
Charge for Changing Fixed to Floating	:	1%
Charge for Changing Floating to Fixed	:	1%
Late Payment Charges	:	Rs 250- Rs 350