Housing

Take out Finance

HUDCO offers Take-out finance” for Housing and Infrastructure projects to Central and State Governments, parastatals bodies, Corporates and Joint sector agencies which are otherwise eligible for term loans form HUDCO, for paying off their high cost loan. Prerequisite for availing Take-out finance as follows:

  1. The loan account should be classified as standard asset at the time of availing take out finance.
  2. In respect of exclusive takeout finance where the project is already completed, the repayment period will be equivalent to balance repayment as per original agreement by the existing Bank/FI. In respect of other proposals repayment norms of HUDCO can be applied.