Corp Ghar Shobha Scheme


  • As per extant guideline of housing loan scheme


  • For repairs/renovation /extension/improvement/furnishing of house/flat.
  • For take-over of housing loans from other Banks/Institution, originally sanctioned for repairs/renovation /extension /improvement/ furnishing of house/flat.

Loan Amount

Metro Rs.20 lakh
Port Town [other than Metro] & Urban centres Rs.15 lakh
Semi Urban centres Rs.12 lakh
Rural centres Rs.8 lakh
  • Loan amount is based on location of the property


  • 25 % on project cost and value of the property.


  • Mortgage of house / flat.
  • Age of the building to be mortgaged shall not exceed 30 years. However, residual /balance life of the property shall be at least 5 years more than the repayment tenor.
  • Insurance of the mortgaged property is mandatory and the insurance premium shall be borne by the borrower.
  • For loan up to Rs.1 lakh, EMG of house/flat is not mandatory. In such cases, the loan should be fully secured by financial assets such as LIC Policies/deposits/NSCs/KVP, subject to maintaining prescribed margin against such securities

Rate of Interest

  • Rate of interest is linked to the MCLR & subject to annual reset.

For Interest Rates,Please click here.

Processing Charges

For Processing Charges - Click Here

Prepayment Charges



  • Loan shall be repayable in 10 to 15 years tenor including initial repayment holiday of 6 months.
  • Repayment period shall not exceed retirement age for salaried class and 70 years of age for other than salaried class.