To provide an Overdraft Facility,the Drawing Power on the Overdraft will be reduced on monthly basis to the extent of the principal component of the EMI so that the Overdraft is liquidated at the end of the loan tenure. Under ‘RMGB – Maxgain’ Home Loans will be sanctioned as an Overdraft. While customers will have to remit the Equated Monthly Installments (EMIs) as in the case of usual Home Loans, the Drawing Power on the Overdraft will be reduced on monthly basis to the extent of the principal component of the EMI so that the Overdraft is liquidated at the end of the loan tenure. (Interest component of the EMI remitted will service the interest obligations).

• Eligibility for Loan - Facility available for Home Loans of Rs. 5.00 and above from applicants who are:
• Existing customers with an average balance of Rs. 5000/- in their SB/CA. Stipulation of minimum balance not applicable to customers whose salaries are regularly credited to this account and repayments are proposed to be made from this account.
• Prospective customers who open SB/CA with an initial minimum deposit of Rs. 5000/-. Stipulation of initial minimum deposit not applicable if salary of the applicant is proposed to be credited to thisSB/CA.