Now, the people can build their own houses with zero percent down payment and 100 percent financing. Least possible interest rate and loan repayment tenure up to 25 years are some other important features of this newly launched offer.
Moreover, there is also the benefit of a moratorium period scheme under which the consumers/borrowers do not need to repay their loans for 12 months of receiving them or till the completion of house construction.
“On the one hand, the bank will provide easy and convenient financing for building home. On the other hand, Meroghar will handle everything from design to the finishing of home,” reads a joint press release issued by the two organizations. “Certain terms and conditions will be applied as per the authenticity of the required documents submitted by the interested people.”