MCB Home Loan Variants

Home Purchase
Plot Purchase + Construction
Home Construction
Home Renovation
 MCB Home Loan Variant Features
Home Home Plot + Home
Particulars
Purchase Construction Construction Renovation
Limit 2m to 50m 2m to 25m 2m to 50m 2m to 15m
Customer Minimum
20%
Contribution
Loan Tenure From 2 to 20 Years
Property Insurance Mandatory

Insurance Rate 0.1%

25 years for Primary Borrower

Minimum age:
Borrower Age 22 years for Joint Borrower
Maximum age: 65 years or retirement age
 MCB Home Loan Eligibility Criteria

Particulars Requirement
Length of Occupation Min 2 Years
Minimum Net Monthly Income Rs. 40,000/-
Debt Burden Ratio Allowed 50%
Bank Statement 1 Year
Salary Certificate, Salary Slip (last 3 months)
Income Proof and last one year bank statement showing
salary credit
 Disbursement procedure
Variant Disbursements
Home Purchase In one Tranche
In 5 Tranches
st
1 tranche will be disbursed for Plot purchase of 50% of finance amount(50% of loan
amount or 80% of plot value whichever is less) .
Tranches for construction will be disbursed as follows:
1st Tranche for Foundation Max. 20% of sanction amount.
Plot Purchase + Construction
2nd tranche for Ground and upper floor Max. 30% of the sanctioned amount.

3rd Electric, plumbing etc. Max. 20% of the sanctioned amount.

4th tranche Finishing Max. 30% of the sanctioned amount.

Home Renovation In 2 tranches.

1st Tranche for Foundation Max. 20% of sanction amount.

2nd tranche for Ground and upper floor Max. 30% of the sanctioned amount.
Home Construction
3rd Electric, plumbing etc. Max. 20% of the sanctioned amount.

4th tranche Finishing Max. 30% of the sanctioned amount.

 Pricing Comparison
Total Cost
Tenure For Coke Employee Saving
(Mkt. Loan Pricing)
5 Years 64,598,030 61,309,163 3,288,867
10 Years 81,158,930 73,804,812 7,354,118
15 Years 99,734,335 87,592,057 12,142,277
20 Years 120,081,000 102,571,015 17,509,985

Note
Above comparison is based on following assumptions:
• Loan Amount is Rs.50 Million.
• Customer contribution is minimum 20%.
• Standard offer is 1 Year KIBOR + 3.75%.
• For Coke employees pricing is 1 Year KIBOR + 1.50%.