- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
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Interest Subvention Scheme For Housing Loan For Regular State Government Employee Under APUN GHAR
Assam
Details
Benefits
Eligibility
- Permanent Employees of State Government of Assam with at least 5 years residual service will be eligible for the scheme once in his/her service tenure.
- Minimum 21 years and at least 5 years residual service to be eligible for the loan and maximum of 70 years for employees with pensionable service and maximum of 60 year for non-Pensionable service
- The benefits of interest subvention will be available to the eligible employees who apply for housing loan within 2 (two) years from the date of issuance of the Government Office Memorandum/Notification
- Employees not having salary account with SBI or having salary account for less than 1 Year should submit a ‘No Dues’ certificate from his existing/previous Banker.
- However, an employee can avail more than ₹ 15 Lacs but the Assam Government Interest Subvention Scheme will be available on loan up to the prescribed limit under the scheme.
- Close relatives can avail the Loan jointly if all are government employees of Assam. In such cases Assam Government Interest Subvention scheme will be available on loan clubbing together the prescribed limit under the scheme.
- Those who already benefited under Apun Ghar scheme are not eligible.
- Purchase of an ancestral plot of land from any close relative like Parents/Spouse/Siblings/Children is not covered by the scheme under any circumstances.
Application Process
Documents Required
Frequently Asked Questions
What Is The Subvention Of Interest For State Government Employee Under This Scheme?
The State Government has decided to provide subvention of interest @3.5 %
Who Will Take The Responsibility To Deduct The Housing Loan Beyond The Age Of Retirement Up To 70 Years?
The SBI will take responsibility For deduct the housing loan beyond the age of retirement up to 70 years.
Is There Any Need Of Mortgage Of The Property For The Loan Amount?
There will be no need For a mortgage of property for a loan amount up to ₹ 10.00 lakh. However, the SBI has referred this matter to their corporate center to increase the margin up to ₹ 15.00 lakhs
Will The House/Flat Purchased/Constructed With The Bank’s Finance Would Be Insured Comprehensively?
The house/flat purchased/constructed with the Bank’s finance would be insured comprehensively for risk of fire/riots/earthquake/lightening/floods. etc by the employees.
For How Many EMI Will The Reduced Rate Of Interest On Housing Loan With State Government Subvention Will Be Applicable?
The reduced rate of Interest on Housing loan with State Government subvention will be applicable up to 240 EMI i.e up to 20 years of EMI deduction
Who Are The Beneficiaries Of The Scheme?
Permanent Employees of the State Government of Assam with at least 5 years of residual service will be eligible for the scheme once in his/her service tenure.
Can A Beneficiary Avail This Scheme Multiple Times?
Those who already benefited under Apun Ghar scheme are not eligible.
What Is The Minimum And Maximum Years For A Beneficiary To Avail This Scheme?
Minimum 21 years and at least 5 years residual service to be eligible for loan and maximum of 70 years for employees with pensionable service and a maximum 60 year for non-Pensionable Service
How Will The Beneficiaries Apply For The Scheme?
Employees will apply through an application form specially designed for the scheme through their respective Drawing and Disbursing Officer(DDO)
Who Would Process The File For Sanctioning?
The file would be processed for sanction by a special team to be formed at each regional business office and some identified SBI Branches. This will ensure that the employees get Hassle-Free service and the concerned department get a single dedicated window at bank level.
Who Will Take Care Of Grievances Of The Employee Of The State Government?
A grievance redressal cell to be created at each regional business office and some identified SBI Branch and Local head office, Guwahati particularly for the scheme to take care of grievances of the Employees of the govt. of Assam
How Will The Subsidy Claim Be Lodged?
Subsidy claim will be lodged with the government of Assam on quarterly basis for Employees who avail the scheme Subsidy will be available for entire duration.
How Is The Loan Going To Be Disbursed?
The disbursement of loan will be done in two types: Without Mortgage: Branch will disburse loan up to ₹ 10 lacs without creating mortgage. With Mortgage: Branch will disburse the loan above 4 10 lacs after the creation of an equitable mortgage.
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Interest Subvention Scheme For Housing Loan For Regular State Government Employee Under APUN GHAR
Assam
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