A Scheduled Commercial Bank Owned by Govt. of India & Govt. of Karnataka and sponsored by : State Bank of India

Purchase of Residential Sites

Scheme to individuals for purchase of Housing sites

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Purchase of Residential Sites

Eligibility All individuals/employees of Govt./Semi Govt./Public Sector Undertakings / reputed private companies ( like IT companies /BPOs) who are not above the age of 55 years with a steady source of income.
Purpose Purchase site/plot allotted by State/Central Government Agencies, Housing Societies. Sites / plots developed with approval by the development authorities could also be considered.Subsequent sales may also be accepted
Quantum Of Finance 24 times net monthly income/ 2 years annual income (subject to production of satisfactory proof) or 80% of the cost of the site whichever is less
ii. Secured admission to Professional /Technical Courses through Entrance test/Selection process.
iii. Secured admission to foreign university/ institutions.
Expenses considered for loan Fee payable to College /School /Hostel.
Margin 20% of the cost of site /plot

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