Home Secure
An existing family house/plot is mortgaged to support and secure financing the
purchase of another residential accommodation/plot with subsequent
construction and maximum exposures of 100% of the market value of new
accommodation/plot. The property purchased is also mortgaged with the bank
and the overall exposure is capped at 60:40 (both properties combined)
The first property Offered for mortgage may be in the name of person(s) Other
than target customers. The customer(s) may opt to get released the first property
(only) by keeping intact the above ratio through balloon payment(s). A Maximum
of 4 borrowers and two of them must be parents may be allowed in Home secure.
All Other terms & conditions Of Home Finance Shall remain the Same for this
product