Housefed advanced loan for the construction of Houses in urban as well as in rural areas in the state of Punjab through cooperative House building societies.

For the purchase of built-up flat & house in urban area upto 20.00 lacs

Addition / Alteration and repair - Rs 5.00 lacs

Loan advance for rural area - Rs 10.00 lacs

Addition / alteration and repair for rural area - Rs. 2.00 lacs

Low penal rate of interest, just 2% on principal amount only.

Repayment of loan in lump sum or part payment is permissible without any notice etc. at any time before the recoverable period of 15 years.