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Loans & Mortgages > Home Ownership Mortgage Account

This product requires you to save a stipulated amount per month over a period of 2-3 years and then get a composite sum at the end of the period.

Features

  • Interest payable on your monthly deposit. Base rate plus 1.5% per annum payable quarterly
  • Withdrawal is not expected more than once in a quarter otherwise the 1.5% interest is forfeited
  • No prepayment penalties

  • Not for you? Check other products

    FAQs

    An offer letter containing terms and conditions will be given to you through your relationship manager.
    No penalty for early or bulk loan repayment.
    Your relationship manager will follow up with you, thereafter a recovery or foreclosure process may be initiated.

    Savings

  • >>Home Plan
  • >> Children Savings Account
  • >> Target Savings Account
  • >>Endowment Savings Account
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