- Loan amount up to 75% of the value of the property
- At the time of loan eligibility calculation, the customer must be over the age of 21 but not over the age of 65
- Tenors ranging from 5 to 10 years (applicant's maximum age at loan maturity not to exceed 70 years)
- The borrower should have a bank account
- The co-applicant may or may not be a co-owner of the property. However, all the co-owners of the property must be co-applicants. Co-applicants should be immediate family members like spouses, parents, or children
- A guarantor is required in certain cases
- A loan cannot be taken for speculative purposes