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Home Improvement Loan

  • To meet expenses for repair/renovation/extension of existing house
  • All the existing K.C.C holders farmers having satisfactory conduct of the a/c and running since more than six months, having own house.

Minimum & Maximum Limit

  • Minimum of Rs. 50,000/- and Maximum Rs. 1.00 lacs

Income Criteria For Purchase / Construction of House

  • Three times to the annual income of the farmer

Repayment Capacity

  • Rs.2,50,000/- for purchase/ construction of House.
  • For repairs / renovation /extension : Rs.75,000/
  • The above is the maximum amount of loan. However the actual quantum of loan should be arrived at after consideration the income criteria and repaying capacity.

Repayment Period

  • -4- Times of net average (3 years) annual income from farming and allied activity or from salary income.
  • Total deductions including proposed half yearly / yearly installment should not be more than 60% of net income from agriculture and allied activities and salary income of the applicant/s.


  • Up to Rs. 50,000/- NIL and
  • Above Rs. 50,000/- 15 %


  • Bank's lien to be registered agricultural land.

Premium amount for Life Insurance Cover can be financed as part of Loan

  • The one time premium amount for Life Insurance Cover to Home Loan Borrowers under Group Credit Life Insurance Scheme of India First Life Insurance Co., can be financed as part of Loan at the request of the borrower, at the time of sanction.

Credit Information Report

  • Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt of India or Reserve Bank of India without any notice to the borrower.

Penalty clause for Full Prepayment / Premature closure

  • No penalty is payable on part pre-payment/Premature closure

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