Subject: House Building Advance Rules (HBA) – 2017.
4. Cost Ceiling Conditions
5. Amount of Advance
6. Repayment Capacity
|a)||In cases of employee retiring after 20 years.||40% of basic pay.|
|b)||In cases of employee retiring after 10 years but not
later than 20 years.
|Up to 40% of basic pay. 65% of DCR Gratuity may also be
|c)||In cases of employee retiring within 10 years.||Up to 50% of basic pay DCR Gratuity up to 75% can be
7. Applicable Rate of Interest and Methodology of Recovery of House Building Advance
9. Mortgage and Creation of Second Charge
i. HBA Mortgage paper, insurance paper and other papers regarding property shall be submitted to one of the loan sanctioning authorities of their choice.
12. Extant rules