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FAQs


House Building Advance

It is loan scheme/ allowance for construct/ purchase the house/ Flat.

Person must be permanent employee.

For constructing a new house or purchase new plot and flat etc.

8.5%

Building/ Flat/House acquire under this scheme will be used for residential purpose only.

139 times of basic pay or Maximum 1 Crore.

Maximum 25 Lakhs.

Maximum 1 crore.

Yes, up to 10 lakhs

Service time (years) Repaying capacity
a) Service > 20 40 % of basic pay
b) 10 < Service < 20 Up to 40%. DCR gratuity up to 65% may be adjusted.
c) Service < 10 Up to 50 %. DCR gratuity up to 75% may be adjusted.

No, HBA is not admissible under this conditions.