The Nakodar Hindu Urban Coop. Bank Ltd. offers Housing Loans to help customers construct, purchase, or improve their homes. These loans are designed to make home ownership affordable with flexible repayment options, competitive interest rates, and transparent procedures.

Housing Loan – Construction

This loan is provided for construction of a new residential house on a plot owned by the borrower.

Features & Purpose

►  Construction of a new residential house

►  Loan amount based on construction cost and eligibility

►  Stage-wise disbursement as per construction progress

►  Affordable interest rates and flexible repayment tenure

Security - Mortgage of land and building to be constructed, along with additional security if required

Housing Loan – Purchase and Repair

This loan facility is offered for purchase of a ready-built residential house or flat, including repair or renovation, if required.

Features & Purpose

►  Purchase of new or existing house or flat

►  Repairs, renovations, or improvements to the purchased property

►  Loan eligibility based on property value and repayment capacity

►  Easy repayment through monthly installments

Security - Mortgage of the house or flat purchased

Housing Loan – Salaried

This loan is specially designed for salaried individuals with regular income to meet their housing needs.

Features & Purpose

►  Construction, purchase, or repair of residential house

►  Higher eligibility due to stable income

►  Convenient repayment through monthly salary-based installments

►  Competitive interest rates and longer repayment tenure

Eligibility

►  Permanent salaried employees with stable income

►  Members of the Bank as per cooperative banking norms

Repayment

Housing Loans are repayable in easy monthly installments within the period prescribed by the Bank. Repayment capacity is assessed based on income, financial stability, and existing liabilities.