Home Loan Facility
NPL customers will automatically qualify for Home Loan Scheme (HLS) up to two times the amount deposited by the respective customer at the time of application to procure plot/flat developed by us. NPL would stand as surety for this loan on behalf of the customer, and in case of default in loan repayment, NPL would be authorized and be made responsible by both the parties to sell the respective plot/flat on behalf of the bank to pay bank dues. However, the customer would have to pay the interest on the loan amount at the standard rate levied by the bank as for other term loans at that time for a repayment period of up to 20 years depending on the customer’s requirements.
