Staff Mortgage Loan
A loan for LIB staff for construction, purchase, renovation, or expansion of a residential house.
Eligibility: LIB staff.
Key Features:
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- Max tenure: 25 years or remaining service years (whichever lower).
- Equity contribution: 5%.
- Interest: Saving rate + 1%.
- Grace period of 6-18 months available.
- Can be granted twice, for different properties.
- Spouse’s income can be considered.