Retail credit department

Maha Super Green Housing Loan Scheme

Purpose  For Purchase of residential House (Flat, Villa, Row House etc) under construction /ready built directly
from the builders/ developers/society/other agencies/Development authority in certified Green
Housing Projects.
 Takeover of existing Housing Loan accounts of the applicants under standard category availed from
other Banks / Housing Financial Institutions of certified Green Housing Projects.
Scope Maha Super Green Housing Loan Scheme covers all the Indian Citizens, Non Resident Indians (NRIs)
and persons of Indian Origin (PIO) including staff members outside the staff loan scheme, ex- staff, &
their family members subject to age & other eligibility criteria.
Eligible Housing Project Should be certified / Rated from following approved Rating agencies-
 Leadership in Energy and Environmental Design (LEED) rating system from LEED India.
Projects  India Green Building Council (IGBC).
 TERI-GRIHA from TERI-BCSD India
Housing projects of other than above rating agencies can be considered, subject to agencies
should be approved by Municipal corporation of the district authorized for granting certification
of Green Projects.
Eligibility Individual salaried employees (with a permanent job for the period of minimum 1 year in current
organization of State /Central Government / Public / Private Sector Companies of repute), Self-
Employed Professionals, Businessman. Farmers having minimum land holding of 5 Acres of
irrigated land and sufficient disposable income.
Age Limit Minimum Annual Income – Rs3.00 Lakhs. (Last Year Income)
 Minimum: 21 Years
 Maximum: 60 years at loan maturity in case of salaried
65 years at loan maturity in case of Self-employed
Loan The quantum of finance shall depend upon the Maximum permissible LTV ratio and Repaying
Quantum capacity of the borrower. Repaying capacity shall take into the factors like age, income, Co-
applicant income and continuity of occupation.
The Maximum loan quantum will be lowest of loan amount assessed on the basis of
1. Permissible Deduction norms, 2. Maximum permissible LTV ratio, 3. Loan amount requested.
NOTE - In case of Proprietary concerns and Professionals & Self-employed, total income would
also mean Cash Accruals. The income of Father, Mother, son, daughter, sister, brother, along
with the applicant’s spouse can be taken for deciding the quantum of loan and repayment
capacity. Those persons should be taken as co-borrowers compulsorily. Similarly, all the owners
of the house property against which loan is proposed should be taken as co-borrowers
compulsorily. Maximum 3 Co Applicants can join for deciding quantum of Loan repayment
capacity.
Repayment  Maximum Repayment period of 30 years or on borrower reaching the age of 75 years
whichever is earlier.
Margin Category of Loan (Individual Home Loan amount) LTV Ratio Minimum Margin
Up to Rs.30.00 Lakh 90% 10%
80% 20%
Above Rs.30.00 Lakhs*
90%* 10%
*For loan above Rs 30.00 Lakh additional 15 bps in applicable ROI shall be applicable if LTV is >80 to
<=90

Valuation The LTV is required to be calculated as a percentage of loan amount to realizable value of
residential property.
 Retail credit department
Rate of Salaried Non Salaried
Interest Loan Effective ROI
CIBIL score ROI ROI Effective ROI (%)
Amount (%)
800 & above RLLR + -0.50 8.20 RLLR + -0.25 8.45
750 to 799 RLLR + -0.40 8.30 RLLR + -0.15 8.55
700 to 749 RLLR + -0.10 8.60 RLLR + -0.05 8.65
Up to Rs
650 to 699 RLLR + 0.20 8.90 RLLR + 0.30 9.00
30 Lakh
600 to 649 RLLR + 0.25 8.95 RLLR + 0.55 9.25
Below 600 RLLR + 0.70 9.40 RLLR + 1.05 9.75
-1 to 05 RLLR + 0.10 8.80 RLLR + 0.35 9.05
800 & above RLLR - 0.50 8.20 RLLR - 0.25 8.45
750 & above RLLR - 0.40 8.30 RLLR - 0.15 8.55
700 to 749 RLLR - 0.10 8.60 RLLR + 0.05 8.75
Above Rs
650 to 699 RLLR + 0.25 8.95 RLLR + 0.40 9.10
30 Lakh
600 to 649 RLLR + 0.30 9.00 RLLR + 0.70 9.40
Below 600 RLLR + 0.90 9.60 RLLR + 1.40 10.10
-1 to 05 RLLR + 0.25 8.95 RLLR + 0.70 9.40
Deduction Salaried
Permissible
For Other than salaried
Permissible
Deduction Deduction
Norms
Less than Rs. 20000/- Max. 50% Less than Rs.3.00 lakh Max. 50%
Rs.20000/- & above but less Rs. 3.00 lakh & above but less
Max. 60% Max. 60%
than Rs.50000/- than Rs.6.00 lakh
Rs. 50000/- & above but less Rs. 6.00 lakh & above but less
Max. 65% Max. 65%
than Rs.2.00 lakh than Rs.10.00 lakh
Rs. 2.00 Lakh & above but less Rs. 10.00 lakh & above but less
Max. 70% Max. 70%
than Rs. 5.00 lakh than to Rs.20.00 lakh
Above Rs.5.00 lakh Max. 75% Above Rs.20.00 lakh Max. 75%
ZLCC can consider additional relaxation in deduction norms up to 5% on case to case basis.
Moratorium  Construction of residential House & purchase of Flat under construction- Maximum of 36
months from date of first disbursement. However, interest may be capitalized for a maximum
period of 18 months thereafter Interest to be serviced as and when applied.
 Purchase of New/Existing ready built house or Flat - From the next month from the date of
disbursement.
Maximum tenor will be 30 years or on borrower reaching the age of 75 years whichever is earlier.
Interest capitalization request may be considered by maintaining the necessary margin and LTV.
CRE As per RBI Guidelines on Exposures which should be classified as CRE. Applicable Rate of Interest
Guidelines Particulars Rate of Interest
For Loan upto Rs Premium of 100 bps over and above applicable Rate of Interest for Maha
100.00 Lakhs Super Green Housing Loan based on CIBIL score
For Loan above Rs Premium of 125 bps over and above applicable Rate of Interest for Maha
100.00 Lakhs Super Green Housing Loan based on CIBIL score
Charges NIL
Processing Fees NIL
Documentation Fees 0.10% of sanctioned amount excluding GST (Max Rs.10000/-)
*T & C Apply and **Linked to RLLR (Subject to change from time to time).
Apply Now – www.bomloans.com/homeloan