Home Loan
Build, buy, or renovate your home with the longest tenure we offer.
A Home Loan from the cooperative turns long-term ambition into monthly reality. Whether you are buying a flat in Imphal, building in the hills, or renovating a family home, we lend against the property at a fixed, published rate.
With tenures up to 20 years, EMIs stay comfortable, and members can prepay without penalty after the third year.
Interest rates
| Balance slab | Interest rate | Note |
|---|---|---|
| Up to Rs. 20,00,000 | 8.75% p.a. | |
| Rs. 20,00,001 – Rs. 50,00,000 | 8.50% p.a. | |
| Women borrowers (all slabs) | 0.10% concession |
Loan period
- Tenure
- Up to 20 years
- Repayment
- Monthly EMIs
- Loan-to-value
- Up to 80% for purchase, 70% for construction
Required documents
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Property documents Sale deed, encumbrance certificate, approved plan
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Identity & address For all co-applicants
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Income proof Salary slips / ITR for the last 3 years
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Stamp duty receipt Already paid / being paid documents
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NOC From society/flat owners' association where applicable
Eligibility
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Member of the society for 12+ months
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Age 21 – 65 at loan maturity
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Co-applicant Spouse mandated; others optional
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Monthly obligation-to-income ratio Below 45%
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No other major overdue loans