Loan for renovation or extension of borrowers existing home.
This product is suitable for internal & external repair, structural improvement, painting, water proofing, plumbing and electrical works, upgrading the flooring, tiling, construction of compound wall etc. of the self occupied house property.
Loan amount from 3 lakhs to 30 lakhs.
Tenor from 2 years to 20 years.
Borrower should have a bank account.
Customer should be more than 25 years of age and not more than 65 years at the time of loan maturity.
Should be residing in a city where UMMEED HOUSING FINANCE has an office.
Guarantor not mandatory.
All the owners of the financed property and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.