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Detailed Querry Answer Querry Dear sir, my mom had purchased two gram panchayat sites in bidarahalli, here at bangalore near eastpoint college of engineering. my mom has alredy paid an advance of 2 lakhs, but still a remaining of four lakhs are yet to be remitted. so please tell me the names of all private and nationalised banks which are offering the housing or construction loans on the gram panchayat sites.   ABHINANDAN   abhinandanjhansi5@gmail.com Answer If you are looking for a pure construction loan then you can contact any Private banks or Financial Institutions who fund for Gram Panchayat Properties (Independent Houses). If you want to construct a multi storey building then please note one thing in that "All banks do believe that Gram Panchayat doesn't have the rights to sanction permission above G+2 upper floors". Banks do consider and check the percentage of deviation in the building constructed while disbursing the funds depending on the constructin stage.               EMI Calculator Loan Amount (INR)     Interest Rate (%)     Period in Years     Banks and Interest Rates Bank Rate of Interest ICICI Upto 30 Lacs 8.75% 30 - 50 Lacs 9% Above 50 Lacs 9.50%. Bank of Baroda Base Rate 8% Below 30 Lacs 9.00% Above 30 Lacs 9.75%. AXIS Upto 30 lacs 8.75% Above 30 lacs 9.25% Fixed 14%( Irrespective of loan type and amount) SBI Base Rate 7.50% Upto 50 Lacs 8% for First Year 2nd & 3rd Year 9% Above 3 Year 1.75% above Base Rate. Andhra Bank Base Rate 8.25% Upto 20 Lacs 9.75% Above 20 lacs 10.50% 1 2 3 4 5

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